nQueue Finishes Strong 2008; Adds Seven Clients in Fourth Quarter

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Cost Recovery Leader Beats Annual, Quarterly Targets Despite Economic Downturn

One reason is our ability to offer consistent product upgrades at no additional charge.

nQueue, Inc., the leading provider of integrated cost recovery software, today announced strong 2008 sales and profitability for its popular Embedded™ cost recovery and information accountability platform. nQueue's channel partner relationships showed growing success in 2008, with six different partners adding to nQueue's client base. Overall, the company exceeded both its revenue and profitability targets for both the fourth quarter and the year.

Additionally the company added seven new clients in the fourth quarter alone. New nQueue clients are headquartered in New York, Palm Beach, Tampa, Los Angeles, Washington, D.C., Chicago and Philadelphia.

"Canon Business Solutions, Flexprint, Pitney Bowes, Ricoh, DTI and Copiers Northwest all included nQueue as part of a solution sale to their clients in 2008," said John Gilbert, Vice President, Sales & Marketing at nQueue. "This variety of sources of clients continues to validate our strategy that working closely with strategic partners in place of a direct salesforce is better for the clients and nQueue." Overall, nQueue's cost recovery software now assists more than 10% of the largest 250 law firms in the United States and more than 180 clients worldwide in managing, tracking and recovering for their digital transactions.

"Our strong numbers in the face of a severe economic downturn, as well as the geographic diversity of our new clients, speaks to our ability to compete in 2009 and beyond," said Richard P. Hellers, nQueue's President and CEO. "One reason is our ability to offer consistent product upgrades at no additional charge." By receiving updates--including major upgrades -- at no additional charge, nQueue's clients avoid depleting their capital budgets and enjoy a lower overall cost of ownership.

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Brad Blickstein for nQueue
nQueue
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