SANTA BARBARA, Calif., Oct. 12 /PRNewswire-FirstCall/ -- Warp 9, Inc. , the premier provider of robust e-commerce platforms and services, announces financial results for its fiscal year ended June 30, 2009.

Warp 9's President and CEO, Harinder Dhillon, stated, "We are extremely pleased with what we accomplished during this last fiscal year - especially when you consider the poor economic climate. We have continued to decrease our debt and increase our cash position. Because of our fiscal discipline, we are positioned to gain market share by taking advantage of the fact that this economy has negatively affected some of our competitors and other synergistic businesses. We will examine and look for opportunities, both through organic growth and through accretive acquisitions, that will help grow the Company."

Highlights of the financial results for the year ended June 30, 2009:

    --  Gross Margin continues to hold at greater than 90%
    --  Shareholders Equity increases to $2,961,487 from $2,800,135 the previous
        year and shows consistent improvement quarter over quarter.
    --  43% reduction in long term debt to $46,542 from $82,128
    --  Increase in working capital to $1,126,926 from a working capital of
        $649,976 a year ago

Warp 9 powers some of the most successful e-commerce websites for retailers such as www.magellans.com, Craft Supplies USA flagship site www.woodturnerscatalog.com, Lehman's www.lehmans.com, and Spiegel Brands' www.shapefx.com.

About Warp 9

Warp 9, Inc. (www.warp9inc.com) is the premier provider of enterprise-class e-commerce solutions and services to mid-sized businesses in the catalog and retail industry. With a proven track record and years of experience in the industry, Warp 9's comprehensive and scalable suite of software platforms and technologies for online catalogs, e-mail marketing, and interactive visual merchandising help businesses leverage the Internet to increase sales. Offered on a fully managed Software-as-a-Service (SaaS) model, Warp 9 products deliver unique benefits to its customers by reducing total cost of ownership, lowering upfront cost, providing faster time to market and being a one-stop-shop for all things e-commerce. Known for its outstanding customer service, Warp 9 powers some of the most successful e-commerce sites for companies like Magellan's and Spiegel.

Safe Harbor Statement:

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

SOURCE Warp 9, Inc.