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Collexis Holdings Announces Third Quarter Results and Business Milestones

Submitted by: John Warner on May 17, 2008 at 7:55 am Tagged with: earnings, search, Software Source: Collexis Holdings

COLUMBIA, S.C. – (May 16, 2008) – Collexis Holdings, Inc., (OTCBB: CLXS) a leading developer of high definition search and knowledge discovery software, announced today its results for the quarter ended March 31, 2008. The company generated revenues of $1.4 million, up from $975,000 and $316,000 in the previous two quarters, respectively.

“While we are pleased with third quarter growth, we believe recent initiatives will continue to increase our revenues in the future,” said Bill Kirkland, CEO of Collexis Holdings, Inc. “The launch of BioMedExperts and our alliance with Dell Healthcare and Life Sciences represent an opportunity to build the first prepopulated social network for the biomedical research community. Our acquisition of Lawriter allows us to enter the expanding market for legal research through an industry leader that is growing and profitable. Our alliance with Thomson Reuter’s Scientific team will expand our opportunities in the Academic and Government markets. We are excited by these company developments over the past quarter.” Some of the recent Collexis highlights include:

• Launch of BioMedExperts (http://www.biomedexperts.com) in conjunction with Dell. The company launched the first pre-populated professional social network with more than 1.4 million pre-generated expert profiles from 120 countries. Dell supplied the computer hardware for the service and will help market BioMedExperts. The site has attracted over 10,000 new members in the first 30 days the site has been actively marketed.

• Acquisition of Lawriter LLC, which owns acclaimed legal research service Casemaker®. Lawriter owns Casemaker, an affordable legal information platform. A total of 28 state bar associations currently contract for their members to use Casemaker. According to a recent study, more Ohio State Bar Association members used Casemaker as their primary source of online legal research than all other legal publishers’ services combined.
• Alliance with Thomson Reuters. The alliance joins Collexis' Knowledge Dashboard with Thomson Scientific’s Web of Science to create a custom data mining solution for the research community. Called the Thomson Collexis Dashboard, it will provide enhanced knowledge discovery for the academic and government R&D communities. By merging Thomson Scientific's Web of Science data with the Collexis Knowledge Dashboard, users will have the ability to identify and search for documents, experts and trends, and make new discoveries more quickly, accurately and deeply than via conventional search engines.
• New Presence in the Asia Pacific Market. Taiwan’s Kaohsiung Medical University selected Collexis to develop the Institution’s Advanced Expert Profiling System. This will allow its students, faculty and researchers to connect via a Web interface and help maximize productivity and networking abilities for its combined student, faculty and staff population of more than 15,000.
• Awards and Recognition. Collexis was recognized by KM World as a Trend-Setting Product of 2007. KM World selected Collexis as one of the 100 Companies that Matter in Knowledge Management. Collexis has been nominated as a finalist for the Software & Information Industry Association (SIIA) 23rd Annual CODIE Awards.

Collexis Holdings, Inc., a leading developer of high definition search and knowledge discovery software is headquartered in Columbia, South Carolina (USA) with operations in Cincinnati, Ohio, Geldermalsen, the Netherlands and Cologne, Germany. Collexis offers the world’s first pre-populated professional social network for life science researchers, www.biomedexperts.com. Collexis’ proprietary technology builds conceptual profiles of text, called Fingerprints, from documents, Websites, emails and other digitized content and matches them with a comprehensive list of pre-defined “fingerprinted” concepts to make research results more relevant and efficient. This matching of concepts eliminates the ambiguity and lack of priority associated with word searches. The results are often described as “finding needles in many haystacks.” Through this novel approach, Collexis can build unique applications to search, index and aggregate information as well as prioritize, trend and predict data based on sources in multiple industries without the limitations of language or dialect. Collexis’ current clients in the public, private and academic sectors include the Mayo Clinic; Johns Hopkins University; the University of California, San Francisco; the University of South Carolina; Erasmus University Library; Bristol-Myers Squibb; Lockheed Martin; the World Health Organization; Wellcome Trust; the National Institutes of Health; and the U.S. Department of Defense. Shares of Collexis common stock are traded under the symbol CLXS on the OTC Bulletin Board (OTC BB). For more information, visit www.collexis.com.