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gwabbit Achieves Profitability in August

Company Achieves Profitability Within 6 Months Of Launch At DEMO '09

SAN FRANCISCO, Aug. 31 /PRNewswire/ -- gwabbit, LLC, the only provider of automatic email contact management (ECM) solutions for the contact cloud today announced that the company has achieved profitability only six months after its product launch at DEMO '09.

"In these challenging economic times, it is an impressive achievement to bring a technology start-up to profitability in such a short period," said Chris Shipley, chairman and CEO, Guidewire Group. "To do it without the benefit of outside venture capital is remarkable. gwabbit is a strong proof point that priced software remains a viable--and perhaps most viable--business model."

gwabbit launched its flagship product, gwabbit for Outlook, at DEMO '09 in March, winning a DEMOgod award, the highest honor bestowed by the nation's premier technology conference for launching startup companies. gwabbit followed up in May with the launch of its first mobile product, gwabbit for BlackBerry. The gwabbit products use semantic technology to automatically scan incoming emails, identify and grab embedded contact information, and import it into the user's address book with one click. gwabbit has garnered both industry and user acclaim.

"By achieving profitability in such a brief time, without the benefit of venture capital, gwabbit is demonstrating a new paradigm for technology start-ups for the new economy, with a focus on efficiency and productivity," said Todd Miller, president and founder of gwabbit. "Companies can be successfully launched and grown without millions in venture investments and years of losses."

Miller attributes gwabbit's rapid ascent to profitability to a combination of solid user-intuitive product offerings, a back-to-basics revenue model, and lean and mean business practices, such as virtual officing. Miller is pioneer in virtual officing, launching one of the world's first successful 100% virtual companies, WebFeat, in 1998.

Pricing and Availability

gwabbit for Outlook is available for a one-time charge of $19.95 at www.gwabbit.com. Both products are available for a free 14-day/20-contact trial. gwabbit for BlackBerry downloads in less than a minute on BlackBerry smartphones and is available for only $9.99 annually on BlackBerry App World (www.blackberry.com/appworld), as well as online at www.gwabbit.com. gwabbit is available for all BlackBerry smartphones including the BlackBerry(R) Bold(TM), BlackBerry(R) Storm(TM), BlackBerry(R) Curve(TM) series and BlackBerry(R) Pearl(TM) series of smartphones.

About gwabbit, LLC

Founded in 2008 gwabbit (formerly Technicopia, LLC) is the only provider of applications designed to automatically feed the contact cloud. Its flagship product gwabbit grabs contact information embedded in emails and automatically updates or creates new contact files. Recipient of the DEMO 09 DEMOgod awards, gwabbit for Outlook and gwabbit for BlackBerry are the fastest ways to capture and manage contacts on a mobile device or desktop. Whether you are on the road or at the desk, gwabbit delivers Email Contact Management (ECM) solutions that boost productivity and increase your competitive edge. For more information or to purchase gwabbit, visit www.gwabbit.com.

SOURCE gwabbit, LLC

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