iLinc Communications, Inc. (iLinc) provides Web conferencing, audio conferencing and collaboration software and services. The Company also develops and sells software that provides real-time collaboration and training using Web-based tools. Its Web conferencing and Web collaboration includes four products, LearnLinc, MeetingLinc, ConferenceLinc and SupportLinc. Uses of the Web collaboration software include online business meetings, sales presentations, training sessions, product demonstrations and technical support assistance. The Company sells its software solutions to large and medium-sized corporations. iLinc markets its products through direct sales force and a distribution channel that consists of agents and value-added resellers. Through its acquisition of the assets of Glyphics Communications, Inc. (Glyphics) in June 2004, the Company also delivers audio conferencing solutions that help businesses provide virtual meetings, corporate events, distance learning programs, and daily conference calls. Other products and services include an array of e-Learning and training products and services. The Company's customers in the financial services include Aetna, Guardian Life Insurance, JPMorgan Chase, Travelers Insurance and Citibank. iLinc's high-technology customers include California Software, Qualcomm, Sabre, and Xerox. Professional services organizations customers include EDS, Greenburg Traurig and McKinsey & Company. The Company also provides products and services to educational organizations, including The State University of New York, Kent State University, Tulane and 23 other universities. iLinc's reach includes customers within the United States, Canada, Mexico and outside North America. Web Conferencing and Web Collaboration The iLinc suite addresses four business collaboration needs. LearnLinc is an Internet-based software designed for training and education of remote students. With LearnLinc, instructors and students can collaborate and learn remotely, providing a learning environment that replicates traditional instructor-led classes. Instructors can create courses and classes, add varied agenda items, enroll students, deliver live instruction, as well as deliver content that includes audio, video and interactive multimedia. In combination with TestLinc, LearnLinc permits users to administer tests, organize multiple simultaneous breakout sessions and record, edit, play back and archive entire sessions for future use. LearnLinc has been translated into six languages and is available in version 7.7. MeetingLinc is an online collaboration software designed to facilitate the sharing of documents, PowerPoint presentations, graphics and applications between meeting participants without leaving their desks. MeetingLinc allows business professionals, government employees and educators to communicate through interactive online meetings using voice over Internet protocol technology to avoid the expense of travel and long-distance charges. MeetingLinc allows remote participants to give presentations, demonstrate their products and services, annotate on virtual whiteboards, edit documents simultaneously and take meeting participants on a Web tour. MeetingLinc includes integrated voice and video conferencing services. ConferenceLinc is a presentation software designed to deliver the message in a one-to-many format providing professional management of Web conferencing events. ConferenceLinc manages events, such as earnings announcements, press briefings, new product announcements, corporate internal mass communications and external marketing events. ConferenceLinc is built on the MeetingLinc software platform and code to combine interactive features with an interface providing meaningful and measurable results to presenters and participants alike. Its design includes features that take the hassle out of planning and supporting a hosted Web seminar. ConferenceLinc includes automatic e-mail invitations, one-click join capabilities, online confirmations, update notifications and customized attendee regist

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