SOURCE: Navicus, Inc.

April 18, 2008 13:32 ET

Navicus, Inc. Provides Revenue Guidance for 4th Quarter and 2007

BOCA RATON, FL--(Marketwire - April 18, 2008) - Navicus, Inc. (OTCBB: NVCS), a rapidly growing provider of integrated hiring solutions, announced today that fourth quarter revenues for 2007 on an unaudited basis will be approximately $1,070,663.96, which would represent an increase of 31% year over year, and a decrease of 4% from the previous quarter. The Company’s fourth quarter net income was estimated to be a loss of approximately $28,297.16 compared with a loss of $105,475.78 in the fourth quarter of 2007. The Company reported that year over year increases in revenues were primarily related to the growth in the customer base, quarterly revenue decreases were related to seasonality, and that the increase in net income losses from third quarter to fourth quarter were primarily related to increased operating expenses and moving expenses.

Revenues for 2007 on an unaudited basis will be approximately $4,092,160.41, which would represent an increase of 20% compared to 2006. The Company’s 2007 net income was estimated to be a loss of approximately $166,373.95 compared with a loss of $491,041.95 in 2006. The Company reported that increases in revenues were primarily related to the growth in existing and new customer base, and that the decrease in losses from 2006 to 2007 were primarily related to decreases in general administrative expenses and increased gross profit margins.

About Navicus, Inc.

Navicus provides background checks, drug testing, and talent management software to employers who want fast, cost-effective, and compliant solutions. Employers no longer have to contract with separate service providers, manage multiple sources of data, and summarize the different pieces of the recruitment, hiring, and retention process. By combining multiple service offerings, technology, and industry expertise, Navicus helps companies develop best-practice hiring solutions, streamline the overall workflow, and manage the employee life cycle.

This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release, including, without limitation, statements under "Risk Factors" and "Business" regarding our anticipated financial position, business strategy and plans and objectives of our management for future operations, are forward-looking statements. When used in this press-release, words such as "anticipate," "believe," "estimate," "plans," "expect," "intend" and similar expressions, as they relate to Navicus or our management, identify forward-looking statements. Any forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to our management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, such as those disclosed below, including, but not limited to, our plans to develop our products and develop sales, marketing, finance and administrative functions, dependence on major clients, competitive factors and pricing pressures, changes in legal and regulatory requirements, general economic conditions and our planned use of the proceeds of this Offering. Any forward-looking statements reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this paragraph.

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