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Kintera FundWare Signs Four New Government ClientsSAN DIEGO --(Business Wire)-- May 4, 2005 -- The Towns of Milton and Wrentham (Mass.), Carroll County (Illinois), and the City of Kenmore (Wash.) Will Use Kintera FundWare to Streamline Day-to-Day Accounting Tasks Kintera(r) Inc. (NASDAQ:KNTA), the leading provider of "software as a service" to nonprofit and government organizations, today announced it has signed four new government clients who will utilize Kintera FundWare(r). Kintera FundWare provides award-winning financial management software developed for nonprofit organizations and governments, including cities, towns, counties, governmental agencies and schools. Developed specifically for nonprofits and government entities, Kintera FundWare unites accounting, budgeting and reporting tools with a built-in audit trail to create an award-winning product suite with the singular goal of relieving an organization's financial management complexities. The four new clients include the Town of Milton (Mass.), Town of Wrentham (Mass.), Carroll County (Illinois) and the City of Kenmore (Wash.). Each will use Kintera FundWare to streamline day-to-day accounting tasks, focus on strategic financial management and demonstrate accountability to current and potential funding sources. "We're excited to begin using Kintera FundWare," said Barry Yeaw, finance director for the Town of Wrentham. "Our primary goal in selecting this accounting software was to migrate the school district and the town together into one accounting system. Kintera FundWare will allow us to combine these two entities with very different guidelines into one unified software solution." The Town of Wrentham expects to begin using Kintera FundWare shortly. "Once we are up and running with Kintera FundWare, each department head will be able to monitor their own budget and see where it stands at any time -- something we haven't been able to do before," added Yeaw. "The integration of FundWare with Kintera Sphere continues to strengthen our position and commitment in the government sector," said Kintera's CEO, Harry E. Gruber, M.D. "Kintera FundWare offers the ideal solution for governments to provide the reporting, budgeting and cash flow management tools they need to deliver more and better services to citizens." Kintera acquired American Fundware, Inc., provider of FundWare accounting software, from Intuit Inc. (NASDAQ:INTU), in December 2004. In addition to the synergy between Kintera Sphere(tm) and FundWare for fundraising clients, the acquisition brings together Kintera's political and advocacy teams with FundWare's government group. This blend continues Kintera's tradition of delivering high-quality products and services to a growing client base of more than 15,000 organizations. For more information about Kintera FundWare, please visit www.sales.kintera.org. About Kintera, Inc. Kintera(r) Inc. (NASDAQ:KNTA) provides an online solution to help nonprofit organizations deliver The Giving Experience(tm) to donors -- including giving convenience, financial transparency, feedback about the social impact of their gifts, and a sense of belonging and appreciation. Kintera recently launched The Giving Communities(tm) interactive website at www.kintera.org where consumers can connect with thousands of causes and organizations, and purchase the CharityGift(tm) card to give a unique gift that also supports worthy organizations with a donation to charity. More than 15,000 accounts in the nonprofit, government and corporate sectors use Kintera's "software as a service" innovations, including the Friends Asking Friends(r) fundraising program and Kintera Sphere(tm), an enterprise-grade software platform that provides a secure, scaleable and reliable system for customer relationship management (CRM), a web content management system (CMS), eMarketing and directed giving applications. For more information about Kintera's software and services, visit www.kintera.com. Kintera, Kintera Sphere, Friends Asking Friends, The Giving Experience, The Giving Communities and CharityGift are either registered trademarks or trademarks of Kintera, Inc. in the U.S. and/or other countries. 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 web-based accounting solutions for nonprofit and government organizations) that involve risks and uncertainties. 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. |
