SOURCE: Visual Mining, Inc.

October 09, 2006 10:15 ET

Visual Mining Reports Positive Third-Quarter Results

ROCKVILLE, MD -- (MARKET WIRE) -- October 9, 2006 --


--  Business booked increased over 40%;
--  Total revenues up 20% percent;
--  Twenty-third (23rd) consecutive profitable quarter
    
Visual Mining™, the premier provider of on-demand graphical reporting, visual analytics, and performance dashboard solutions, today announced record third-quarter 2006 revenue, which represents an increase of 20% over third-quarter 2005. Business booked increased over 40% percent from the third-quarter of 2005. The third-quarter of 2006 marks the Company's twenty-third (23rd) consecutive profitable quarter.

Tristan Ziegler, Visual Mining President and COO, said: "Visual Mining had an excellent growth quarter and strong year-to-date results. We continually delivered value to the marketplace, demonstrated Visual Mining's ability to innovate, and added high profile clients. We have remained profitable as we focused on higher value segments of the marketplace and placed emphasis on productivity and cross-product integration. Our performance emphasizes the strength of our business model across a balanced portfolio of software products and services, and demonstrates the benefits of the strategic actions we have taken in recent years. Our cash position remains strong as we continue to expand our software development and sales infrastructure efforts."

Other highlights for the third-quarter of 2006 include:

--  Positive cashflow from operations;
--  An expanded client list that consists of companies such as ASAP
    Software, Dow Chemical, Fluke Networks, Instantis, Inc., Lombardi Software,
    Merrill Communications, Primavera Systems, Procuri, Inc., Tradestone
    Software, and Wachovia Bank;
--  Expansion of our engineering team
    
About Visual Mining, Inc.

Visual Mining develops graphical reporting, visual analytics, and on-demand performance dashboards for Business Intelligence solutions. Visual Mining produced NetCharts® as the industry's first commercial Java-based charting engine. Sales Executive™, our on-demand business intelligence solution, represents industry best practices developed through a decade of experience in serving thousands of customers worldwide. Visual Mining products are deployed worldwide and have earned numerous industry awards, including the 2003 Intelligent Enterprise Magazine's Readers' Choice Award for data visualization software and recent selection as a finalist in the Software & Information Industry Association's 20th Annual Codie Awards. Information about the company's products and services is available at www.visualmining.com.

Visual Mining, NetCharts, and Sales Executive are trademarks of Visual Mining, Inc. Other names used herein may be trademarks of their respective owners.

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