News

Securities Will Cease to be Traded on the Over the Counter Bulletin Board

Monday, March 16, 2009
For Release 8:00 AM EDT

Pittsburgh, PA:  Allin Corporation (the “Company”) filed a Form 15 after the close of business on Friday, March 13, 2009 with the Securities and Exchange Commission (“SEC”) to voluntarily deregister its common stock. The Company is eligible to deregister because it has fewer than 300 holders of record of its common stock. In filing the Form 15, the Company's obligations to file certain reports and forms with the SEC, including Forms 10-K, 10-Q and 8-K, are immediately suspended. The Company expects that deregistration of its common stock will become effective within 90 days.

The Company is deregistering because it believes that the incremental cost of compliance with the Sarbanes-Oxley Act of 2002 and other public company reporting requirements does not provide a discernable benefit to the Company and is not in the best interests of its shareholders. Factors influencing the Company's decision include the following:

• the high accounting, legal and administrative costs of preparing and filing periodic reports and other filings with the SEC in comparison to the size of the Company subsequent to the sale of two of its business units;
• the amount of time senior management of the Company is required to devote to matters related to its securities as opposed to time concentrating on the business of the Company;
• subsequent to the sale of two business units, the lower materiality threshold for requirements to file sensitive business information and the  need to maintain the confidentiality of sensitive business information that would otherwise require SEC disclosure;
• the already limited trading volume and liquidity in the Company's common stock; and
• the fact that the lack of liquidity of the common stock makes it unlikely that the Company can effectively use its common stock to compensate employees, raise capital or make acquisitions.

As a result of deregistering with the SEC, the Company's common stock will cease to be eligible to trade on the Over-the-Counter Bulletin Board. The Company's securities will continue to be traded over the counter on the Pink Sheets, but the Company can make no assurance that any broker will continue to make a market in the Company's common stock.

About Allin Corporation
Allin Corporation is a leading provider of solutions-oriented application development and systems integration services, specializing in interactive media and Microsoft-based technologies.  Leveraging its experience in these areas, Allin works with clients through a disciplined project delivery framework to ensure that solutions are delivered on time and on budget. Delivering services through the trade names Allin Interactive, Allin Consulting and the CodeLab Technology Group, the Company maintains offices in Pittsburgh, Pennsylvania; Ft. Lauderdale, Florida; and Wakefield, Massachusetts.  For additional information about Allin, visit the Company’s Internet sites on the World Wide Web at Allin.com and CodeLabTech.com.

Contact:
Dean C. Praskach
Chief Financial Officer
Allin Corporation 
Phone: (412) 928-2022
Fax: (412) 928-0225