The Company was incorporated in Delaware in October 1986. Except for 2004, in each year since its inception the Company has incurred losses. For the five-year period ended December 31, 2006, net losses aggregated approximately $11,600 and at December 31, 2006 the Company's accumulated deficit was approximately $87,900. At September 30, 2007, the Company's accumulated deficit was approximately $90,600.Total revenues for the quarter ended September 30, 2007 decreased 35%, or $245, compared to the prior year period. Total revenues for the nine months ended September 30, 2007, are approximately 27%, or $505 less than total revenues for the prior year period.

The Company received an additional order and cash of $350 in September 2007, with revenue recognition expected to occur in the fourth quarter. Although eSignature revenue continues to develop slower than expected, the Company believes, that the substantive sales related progress with targeted customers and the high level of formal proposal and quotation requests indicate an order trend consistent with an increasing orders pipeline capable of sustained quarterly profitability.