Savings And Investments

Kintera Signs Letter of Intent to Acquire Kamtech Information Systems

Deal Represents Further Expansion of Wealth Profiling Services in the Nonprofit Sector Through Prospect Information Network, a Service of Kintera

SAN DIEGO--(BUSINESS WIRE)--Aug. 12, 2004-- Kintera(R) Inc. (Nasdaq:KNTA), a leading provider of software as a service to nonprofit organizations, announced today that the company has signed a letter of intent to acquire Kamtech Information Systems, a provider of wealth screening services. Kamtech's solutions will help expand the reach and breadth of data mining and prospect identification technologies provided to nonprofits by Prospect Information Network (P!N(TM)), a service of Kintera. Financial terms were not disclosed.
P!N recently launched the newest version of its industry leading prospect screening product, ProfileBuilder 5.0. Kamtech's technology services complement P!N's offering to the nonprofit sector. In 2003, Kamtech purchased the Electronic Screening(R) division of Marts & Lundy, a full-service consulting firm serving nonprofit organizations.

"We're very pleased that Kamtech's technology will join the Kintera Sphere(TM) suite of services," said David Lawson, founder of Prospect Information Network and vice president of Kintera. "This proposed acquisition continues the consolidation within the wealth screening industry, enabling P!N and Kamtech to offer more robust and cost effective solutions to a broader market."

Added Greg Williams, founder of Kamtech, "We are thrilled to be joining Kintera, the proven technology leader in the nonprofit space. Our wealth screening tools will help in furthering Kintera's goal of providing the nonprofit community with the most innovative and comprehensive technology solutions."

About Kintera Inc.

Kintera(R) Inc. (Nasdaq:KNTA) is an innovative provider of software as a service that helps nonprofit organizations foster a powerful sense of community to achieve their mission. Kintera's Knowledge Interaction(TM) technology strengthens an organization's community by providing volunteers, members, donors and staff web-based tools to efficiently fulfill their tasks and share real-time data and information. The company's Internet innovations include its Friends Asking Friends(R) solicitation program and Kintera Sphere(TM), an enterprise-grade software system that provides content management, contact management, communication tools, commerce applications, community-building features and reporting functions. Kintera's technology is built on a unified database and payment processing engine. A web browser is all that is needed to use Kintera Sphere to help increase donations, reduce fundraising costs and build awareness and affinity for a cause. For more information, visit Kintera at www.kintera.com.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements (including, without limitation, express or implied statements regarding the adoption of wealth profiling and Internet software by nonprofit organizations) that involve risks and uncertainties including, with regard to Kintera's potential acquisition of Kamtech, the parties' agreement on definitive documentation, and the satisfaction of certain closing conditions. These forward-looking statements represent our estimates and assumptions only as of the date hereof. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation: our limited operating history; our history of losses; our dependence on increased acceptance by nonprofit organizations of online fundraising; lengthy sales cycles for major customers; our need to manage growth; risks associated with accounting for and processing large amounts of donations; the rapidly changing technologies and market demands; and other risks identified in our filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

Contacts


Kintera Corporate Communications
Judy Piercey, 858-795-3056
jpiercey@kintera.com
or
Media First Public Relations
Shev Rush, 760-567-4321
shev@mediafirstpr.com

[ Comment, Edit or Article Submission ]