| 2010 |
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August 12,
2010
Direct
Insite Announces Revenue of $4,894,00 and Net Income of $823,00 for the
First Six Months of 2010 - Redeems All Remaining Preferred Stock.
Sunrise, FL. – August 12, 2010
–
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, 2010.
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May27, 2010
 Direct
Insite Announced Redemption Of Preferred Stock
Sunrise,
FL – May 27, 2010 – Direct Insite Corp. (OTC BB: DIRI.OB),
a global SaaS provider of financial supply chain automation in support
of accounts receivable and accounts payable business processes, today
announced that the Company has redeemed all of the remaining Series C
and Series D Redeemable Preferred Stock totaling $1,100,000.
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March
26, 2010
Direct
Insite Reports 2009 Year End Results Net Income if $1,659,000 .
Sunrise,
FL – March 26, 2010
– 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 announce financial results for the year
ended December 31, 2009.
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| 2009 |
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December 29, 2009
Direct Insite Appoints
Charles S. Mechem, Jr. to the Board of Directors.
Sunrise, FL – December 29,
2009
– 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 that Charles S. Mechem, Jr.
has been appointed to the Board of Directors..
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November 16, 2009
Direct Insite Announces
Operating Income of $1,628,000 for the Nine Months Ended
September 30, 2009, and Increase of 85.4% Over 2008 and Revenue
of $7,648,999
Sunrise, FL – November 16,
2009
– 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, 2009.
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August 14th, 2009
Direct
Insite Announces Record Revenue of $2,880,000 and Net Income of
$684,000 for the Second Quarter 2009.
Bohemia, N.Y. – August 14, 2009
– 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, 2009.
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February 2, 2009
Bohemia,
N.Y. – February 2, 2009 - Direct Insite Corp. (OTC
BB:DIRI.OB), a global provider of Accounts Payable and Accounts
Receivable automation services, today announced Siemens has signed a
new multi-year contract with Direct Insite to enable supplier
electronic invoice processing.
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| 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.
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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.
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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.
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| 2007 |
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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| 2006 |
| •
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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. |
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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).
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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.
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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.
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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. |
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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. |
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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. |
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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. |
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| Coverage About Direct Insite: |
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| 2006 |
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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.
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