- Achieved revenue growth of 90% year-over-year for the nine months ended September 30, 2012 vs. the nine months ended September 30, 2011;
- Grew revenue each quarter sequentially for the last eight quarters;
- Reached Net Income profitability in each of the last two consecutive quarters;
- Produced significant cash flow from operations in the three months ended September 30, 2012, achieving cash flow independence and providing the Company with operating flexibility;
- Improved the Company's balance sheet and overall financial profile materially since the year ended December 31, 2010;
- Expanded the Agile practice with the acquisition of two major customers in 2012 and significantly higher revenue from three other existing Agile customers;
- Added more than five revenue-producing, top-tier Agile coaches during 2012 that will significantly enhance that practice and firmly establish Santeon in both the commercial and government arenas as a premier industry thought-leader;
- Signed partnership agreements with four major human resource management system software providers positioning the electronic Benefits Network ("eBN") business for substantial future growth;
- Launched today a new, significantly improved platform for ubroadcast with enhanced features and functionality;
- Achieved full compliance with SEC filing requirements in October 2012 and will stay current with future filings; and
- Reduced the number of common shares issued and outstanding from approximately four hundred seventy-six million to approximately one million two hundred thousand by effecting a one for four hundred (1:400) reverse stock split to enhance and stabilize the share price as well as attract the attention of larger potential shareholders.
Santeon Reviews Key Accomplishments For 2012
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