SOURCE: Dovarri, Inc.

February 26, 2008 07:00 ET

Letter From the President of Dovarri

HOUSTON, TX--(Marketwire - February 26, 2008) - Dovarri, Inc. (PINKSHEETS: DVAR)

Dear Shareholders,

I have a lot of exciting news about your investment in Dovarri (PINKSHEETS: DVAR)! The past year has seen amazing progress towards our goal of completing and bringing to market the newest version of our software, Dovarri 7.0 Orizon. We developed Orizon on the Microsoft Windows SharePoint Services platform and expect testing to be completed by the end of February. Orizon has already been presented to several major companies who will wait for the program's availability. With the potential of closing as many as 10,000 seats as soon as Orizon is released, we could generate over $12 million in annual revenues, right out of the starting gate!

Excitement in the media is also building. They really like the Dovarri story. On January 8th I was invited to appear on the nationally-syndicated radio show of Jim Blasingame ( The Houston Business Journal (HBJ) interviewed me for an article published February 1st (, which was followed by an hour long appearance on The Houston Business Guide's CEO Show, February 6th. I've also been invited several times to speak on CNN Radio, most recently on February 11th (

A Forbes article on January 18th describes our industry, providing software as a service (SaaS), as recession-proof, pointing out that SaaS thrived during the "dot com" bust ("A Recession-Proof Corner of the Tech Industry" by Sramana Mitra; During recessionary times, businesses usually avoid large capital expenditure, except in services that manage vital functions such as payroll, travel, communications and sales. Software purchases now focus on managing and analyzing specific business processes and frequently are delivered over the Internet. Companies no longer accept the one-size-fits-all, but expect the capabilities to customize their solutions. Orizon is the only CRM product specifically designed to be intuitive and easy to use and customize.

It is specifically engineered to help control costs and drive an increase in profits. Dovarri is at the forefront of this major shift in the way companies buy and use software.

We are in the final discussions to sign contracts with two major international resellers who will drive us into the European and Asian markets. Announcements will be made as soon as these deals are finalized. Negotiations are almost complete with several U.S. based resellers, names that you will recognize. With these resellers, we expect to see significant sales as soon as we release Orizon.

This is the right industry to be in, and the right time. When our competitors have gone public, they have been consistently well-received. The stock market currently values, our most direct competition, with a current Price to Earnings Ratio of 604.56. With over 25 million small to medium-sized businesses in the U.S., our market is enormous and largely untapped.

Look forward to more exciting announcements. There are several big things in the works and some state-of-the-art developments in Orizon to show the world.


Geary Broadnax
President and CEO

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements as to the expectations, beliefs and future expected financial performance of the Company that are based on current expectations and are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected by the Company. Among the factors that could cause actual results to differ materially include conditions in the capital markets, including the interest rate, environment and the availability of capital, changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, or changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete.

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