| News Room: |
| 2008 |
| • |
September 3, 2008
Bohemia, N.Y. – September 3, 2008 - Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of Accounts Payable and Accounts Receivable automation services, today announced a multi-year contract to provide services across Carlson’s multiple lines of business.
|
|
| • |
August 13, 2008
Bohemia, N.Y. – August 13, 2008 – Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of financial supply chain automation across Procure-to-Pay and Order-to-Cash business processes, today announced financial results for the three and six months ended June 30, 2008. Net income was $391,000 for the quarter ended June 30, 2008 compared to net income of $617,000 for the quarter ended June 30, 2007. Net income, including a benefit from income taxes of $2,867,000, increased to $3,303,000 for the six months ended June 30, 2008 compared to net income of $1,018,000 for the six months ended June 30, 2007. |
|
| • |
March 27th - 2008
Direct Insite 2007 Year End Results: Net Income Increases 681% to $2,100,000 - Revenue Up 13.7%
Bohemia, N.Y. – March 27, 2008 – Direct Insite Corp. (OTC BB: DIRI.OB), a global provider of financial supply chain automation across procure-to-pay, order-to-cash, and shared services business processes, today announced financial results for the year ended December 31, 2007. Net income was $2,100,000 for the year ended December 31, 2007, up $1,831,000 compared to net income of $269,000 in 2006. Recurring revenue for the year 2007 was $7,606,000, a 17.3% increase over recurring revenue of $6,486,000 in 2006.
|
|
| 2007 |
| • |
December 11th - 2007
Direct Insite Announced today it has signed an Accounts Payable supplier portal agreement with Areva T&D.
Bohemia, N.Y. – December 11, 2007 – Direct Insite Corp., (OTC BB: DIRI.OB), announced today it has signed an Accounts Payable supplier portal agreement with Areva T&D. Areva’s Transmission & Distribution division is an active global player that designs, manufactures and supplies a complete range of equipment, systems and services for all stages in the transfer of electricity, from the generator to the large end-user.
|
|
| • |
November 7th - 2007
Bohemia, N.Y. – November 7, 2007 – Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of
financial supply chain automation across Procure‐to‐Pay and Order‐to‐Cash business processes,
today announced financial results for the three and nine months ended September 30, 2007. Net
income increased to $524,000 for the quarter ended September 30, 2007 from a loss of $93,000 for the
quarter ended September 30, 2006. Net income increased 485.5% to $1,542,000 for the nine months
ended September 30, 2007 compared to a net loss of $400,000 for the nine months ended September
30, 2006.
|
|
| • |
August 9th - 2007
Bohemia, N.Y. – August 9, 2007 – Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of financial supply chain automation across Procure-to-Pay and Order-to-Cash business processes, today announced financial results for the three and six months ended June 30, 2007.
|
|
| • |
July 2 - 2007
Citing Signifcant Improvement In Operations And Cash Flows, Direct Insite Repays JPMorgan Chase Bank Loan.
Bohemia, N.Y. – July 2, 2007 - Direct Insite Corp., (OTC BB: DIRI.OB), a global provider of financial supply chain automation across the procure-to-pay and order-to-cash business processes, announced the repayment of $500,000 loan to JPMorgan Chase Bank N.A.
|
|
| • |
June 18th - 2007
Siemens Shared Services LLC Signs Multi-Year Contract with Direct Insite Corp.
Bohemia, N.Y. – June 18, 2007 - Direct Insite Corp., (OTC BB: DIRI.OB), a global provider of financial supply chain automation across the procure-to-pay and order-to-cash business processes, announced it has signed a multi year contract with Siemens Shared Services LLC. Siemens Shared Services delivers import/export, human resources, travel management and accounting support to Siemens operating companies in the U.S.
|
|
• |
May 14th - 2007
Direct Insite Announces 11.9% Revenue Growth and Net Income of $402,000 for the First Quarter 2007
Bohemia, N.Y. – May 14, 2007 – Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of financial supply chain automation across Procure-to-Pay and Order-to-Cash business processes, today announced financial results for the three months ended March 31, 2007. Net income was $402,000 for the quarter ended March 31, 2007 compared to a net loss of $553,000 in the first quarter of 2006. Revenue for the first quarter 2007 was $2,254,000, an 11.9% increase over revenue of $2,015,000 in the first quarter of 2006. |
|
• |
April 2 - 2007
Direct Insite Announces 2006 Year End Results.
Revenue Up 27% in Fourth Quarter;
Recurring Revenue Up 10.2% Year-over-Year.
Company Achieves Net Income of $269,000 in 2006
Bohemia, N.Y. – April 2, 2007 – Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of financial
supply chain automation across procure‐to‐pay and order‐to‐cash business processes, today
announced financial results for the year ended December 31, 2006. Net income was $269,000 for the
year ended December 31, 2006 compared to a net loss of $991,000 in 2005. Recurring revenue for the
year 2006 was $6,486,000, a 10.2% increase over recurring revenue of $5,885,000 in 2005. |
|
| 2006 |
| • |
November 17 -
2006
Direct Insite Reports 12.6% Growth in Recurring Revenues; Operating Income and Cash Flow Improve in the Third Quarter 2006
Bohemia, N.Y. – November 17, 2006 – Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of eInvoicing, revenue assurance and cash flow optimization solutions reported 12.6% growth in recurring revenues for the nine months ended September 30, 2006. The Company also achieved a 455% increase in income from operations for the three months ended September 30, 2006 and a $1,070,000 increase in cash flow provided by operations for the nine months ended September 30, 2006, compared to the same periods in 2005. |
| |
|
| • |
October 20 - 2006
Jim Cannavino Attends Department of Defense Conference
Southwest Asia (Oct. 20, 2006) – Jim Cannavino, Chairman and CEO of Direct Insite in Bohemia, N.Y., upon the invitation of Secretary of Defense Donald H. Rumsfeld, recently participated in the 72nd Department of Defense Joint Civilian Orientation Conference (JCOC). |
| |
|
| • |
October 16 - 2006
Citing Significant Improvement in Operations and Cash Flows, Direct Insite Repays Bridge Financing
Bohemia, N.Y. - October 16, 2006 - Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of eInvoicing, revenue assurance and cash flow optimization solutions announced the repayment of a $750,000 securd bridge loan to Sigma Opportunity Fund LLC and Metropolitan Venture Partners II LP. The loan, repaid on October 10, 2006, was received by Direct Insite in March 2005 in conjunction with a proposed larger financing. Significantly improved operations and strong client relationships have provided Direct Insite with positive cash flows. As a result, the Company stated it will not assume additional financing.
|
| |
|
| • |
October 01 - 2006
Direct Insite Expands Invoices On-Line, Adds 38 Countries To Web-Based Delivery of Invoices
Bohemia, N.Y. - October, 2006 - Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of eInvoicing announced it has expanded its Invoices On-Line (IOL) to include companies in 38 additional countries. Direct Insite now provides invoices on-line access to companies in 62 countries, localized to 15 unique languages and related currencies.
|
| |
|
| • |
August 25 - 2006
More Than 7,000 Corporations Use Direct Insite Invoices Online for increased Accounts Payable and Accounts Receivable Productivity
Bohemia, N.Y. - Direct Insite Corp. (OTC BB:DIRI.OB), a global provider of Electronic Invoice and Payment solutions, announced that it has deployed its B2B Invoices Online (IOL) Accounts Payable and Accounts Receivable reconciliation and work flow management solution globally across 23 countries, 14 languages, and 26 global currencies. This brings the number of corporations using Direct Insite's IOL product suite to more than 7,000, with more than 17,000 unique users worldwide. |
| |
|
| • |
August 18
- 2006
Direct
Insite Names New Chief Operating Officer Matthew
E. Oakes will run daily global operations
Bohemia, N.Y. - Direct Insite Corp. (OTC BB:DIRI.OB),
a global provider of eInvoicing, revenue assurance
and cash flow optimization solutions announced
that Matthew E. Oakes has been named Chief Operating
Officer. Mr. Oakes previously served as the Company's
Executive Vice President of Client Services. He
joined Direct Insite in 2002 as Director of Business
Operations, Quality Assurance, Contracts and Administration.
|
| |
|
| • |
August 17
- 2006
Direct
Insite Announces 20.4% Growth in Recurring Revenues
for the First Six Months of 2006
Bohemia, N.Y. - Direct Insite Corp. (OTC BB:DIRI.OB),
a global provider of eInvoicing, revenue assurance
and cash flow optimization solutions announced
financial results for the three and six month
periods ended June 30, 2006. The Company reported
20.4% growth in recurring revenues for the six
months ended June 30, 2006. The Company also announced
it had a 168% improvement in income from operations
for the three months ended June 30, 2006, with
$116,000 in income from operations compared to
a loss from operations of $170,000 for the same
period in 2005. |
| |
|
| • |
May
22 - 2006
Direct
Insite Announces 34.9% Growth of EIP&P Recurring
Revenues for the First Quarter 2006
Bohemia, N.Y. - Direct Insite Corp. (OTC BB:DIRI.OB),
a global provider of Electronic Invoice Presentment
and Payment (EIP&P) solutions announced financial
results for the three months ended March 31, 2006.
The Company reported recurring revenues for the
first quarter grew by 34.9%. Total revenue decreased
3.1% to $2,015,000 compared to revenue of $2,080,000
in the first quarter of 2005. |
|
|
|
| |
| --------------------------------------------------------------------------------------------- |
| |
| Coverage About Direct Insite: |
| |
| 2006 |
|
• |
October 18 - 2006
DIRI: Company Repays Loan; CFO Comments on Financing
Direct Insite Corp. (DIRI) announced the repayment of a $750K secured bridge loan to Sigma Opportunity Fund LLC and
Metropolitan Venture Partners II LP. The loan, repaid on October 10, 2006, was received by Direct Insite in March 2005 in
conjunction with a proposed larger financing. Significantly improved operations and strong client relationships have
provided Direct Insite with positive cash flows. As a result, the Company stated it will not assume additional financing. |
|
| |
| |
|
|
|
