ENTRIEVA ANNOUNCES RECORD REVENUE, INCREASED PROFITABILITY

Software company reports record revenue with accelerating quarterly sales growth for the third quarter ended September 30, 2003; credits new contract wins in government, commercial sectors

RESTON, Va (PRWEB) October 24, 2003 - Entrieva, Inc., a leading provider of enterprise knowledge management software to government and commercial customers, today announced record revenue for the third quarter of 2003, attributing the increase to accelerated sales growth in both the commercial and government markets.

Thomas C. Lewis, Entrievas president & CEO, said, The third quarter continues our consistent quarter-over-quarter revenue growth for 2003 and marks our second consecutive quarter of profitability. The reports confirm our path to sustained profitability is being achieved on schedule." Lewis cited Entrievas year-to-year revenue growth for the third quarter (up 194%), as well as continued quarter-over-quarter growth (up 8%).

Lewis stated that Entrieva, a privately-held firm, has already noted a sharp increase in revenues through the third quarter of this year, equivalent to 153% of revenues for all of 2002, and said the company is operating at a profit through the first nine months of 2003. He credited the companys positive growth to new orders and service renewals from more than 85 percent of the companys existing customers, such as:

·   US Army Knowledge Online,
·   US intelligence agencies,
·   AT&T, and
·   The United States Postal Service.

Lewis also noted orders from new customers in both the government and commercial market sectors over the last 180 days, such as:

·   CareCore National, LLC,
·   Overture Services, Inc. (a wholly-owned subsidiary of Yahoo!)
·   US Army Logistics Transformation Agency,
·   US Central Command (CENTCOM), and
·   Pension Benefit Guaranty Corporation.

Entrieva is committed to providing the key software technologies for advanced text analytics in more than a dozen languages to support both corporate and government knowledge management initiatives. Lewis stated, Our continued success is a result of the increasing demand for innovative software designed for todays complex corporate and government knowledge management environment, where the demand for and ability to produce rapid, consistent and measurable results carry the day."

About Entrieva

Entrieva, Inc. (www.entrieva.com), founded in 1999, is a venture-backed company that provides real-time intelligence and delivery software. The Entrieva suite adds real-time discovery, categorization and notification to enterprise applications, databases or web sites. It provides enterprises with the ability to continuously monitor data streams and patterns of information activity in real time. When the monitored information meets predetermined criteria, the system alerts selected individuals and supplies them with a real-time data feed. Entrievas ease of installations, rapid ROI and demonstratable results have made it the solution of choice for more than 100 private sector and government clients. Entrievas investors include Redleaf Group Inc. (www.redleaf.com), Lake Street Capital and RBC Capital Markets (www.rbccapitalmarkets.com).
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