iLinc Communications Secures Contract With Fortune 500 Financial Services Company

iLinc Communications Secures Contract With Fortune 500 Financial Services Company iLinc Expects to Earn $2.5 Million Over Three-Year Period PHOENIX, Jan. 19 /PRNewswire-FirstCall/ -- iLinc Communications, Inc. (AMEX:ILC), developer of one of the most feature-rich and secure Web conferencing and audio conferencing solutions, announced today that a Fortune 500 financial services company has selected iLinc as their enterprise-wide Web and audio conferencing provider. iLinc expects to earn more than $2.5 million in revenue over the three-year contract term based upon the customer's current usage of 1 million minutes of audio conferencing and 250,000 minutes of Web conferencing per month. The Fortune 500 company deployed the entire iLinc Conferencing Suite on an enterprise-wide basis, and will use all four products, MeetingLinc, LearnLinc, ConferenceLinc, and SupportLinc, within various departments. These solutions will enable the customer to use iLinc's Web and audio conferencing on a fully integrated basis from a single provider of technology solutions. The customer will use the iLinc Suite of Web collaboration product for both internal as well as external online meetings and events, including critical customer meetings as well as online training events to their employees and partners. The customer indicated that iLinc was awarded the contract based on iLinc's comprehensive feature set, iLinc's high level of customer support, and the ability of iLinc to provide integrated Web and audio conferencing charges on a single consolidated bill. The customer's prior provider could not provide integrated billing requiring them instead to keep track of up to four separate Web and audio conferencing invoices. iLinc is providing the organization with customized billing reports that detail all Web and audio conferencing charges in a single bill, enabling the customer to efficiently charge back usage to its internal business units. The customer's IT department now operates as a revenue center, providing the Web and audio conferencing service to each business unit with billing on an individual user basis. iLinc also provided a complete implementation and adoption plan as part of the rollout to the customer's user groups to ensure a smooth transition from the firm's previous vendors. "Persuading this Fortune 500 customer to switch from a larger competitor and successfully rolling out iLinc on an enterprise-wide basis demonstrates our ability to effectively service Fortune 500 organizations," said James Powers, president and chief executive officer of iLinc Communications. "Our feature-rich integrated Web and audio conferencing capabilities and our competitive price structure, combined with our ability to provide flexible billing options is compelling enough to make large organizations switch to iLinc," concluded Mr. Powers. iLinc began providing its Web and audio conferencing services to its new customer in late November and completed the enterprise-wide rollout in December of 2004. iLinc also hopes to provide its Web and audio conferencing services to the customer's global partner network on an indirect reseller basis. About iLinc Communications, Inc. iLinc Communications, Inc. is a leading developer of conferencing products and services for highly secure and cost-effective collaborative online meetings, presentations, and training sessions. The Company provides integrated Web and audio conferencing as a Web-based service, onsite installable software, or through hybrid ownership licensing in which customers pay a one-time fee for unlimited conferencing yet the software is hosted by iLinc. Our products and services include the iLinc suite of Web Conferencing software (MeetingLinc, LearnLinc, ConferenceLinc, and SupportLinc); Phone (Audio) Conferencing Services; On-Demand Conferencing; and EventPlus, a service for professionally managed online and audio conferencing events. iLinc's products and services are used by organizations worldwide in sales, HR and training, marketing, and customer support. More information about the Phoenix-based company may be found on the Web at www.iLinc.com. This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Factors that could contribute to such differences include the rate of acceptance of the Company's products and services by customers, changes in the e-Learning and Web conferencing and collaboration market in general, use of the Internet, the acceptance of new products, the Company's need for working capital, the result of pending litigation, the competition the Company faces from larger and more well-capitalized competitors, and other matters more fully disclosed in the Company's annual report on Form 10-K, quarterly reports on Form 10-Q, and other reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates and expectations as of the date of the press release, and subsequent events and developments may cause the Company's estimates and expectations to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates and expectations of its future financial performance as of any date subsequent to the date of this press release. iLinc, iLinc Communications, MeetingLinc, LearnLinc, ConferenceLinc, SupportLinc, TestLinc, iLinc On-Demand, and each associated logo, are trademarks of iLinc Communications, Inc. All other Company names and products may be trademarks of their respective companies. Source: iLinc Communications, Inc. CONTACT: Mark R. Yeager, Vice President of Marketing of iLinc Communications, Inc., +1-602-952-1200, pr@iLinc.com Web site: http://www.ilinc.com/ ------- Profile: International Entertainment