Burntsand Inc. announced the signing of a contract for a Microsoft Office SharePoint 2007 implementation totaling $340,000. The customer is a university located in the New England area. Burntsand has been engaged to provide services to implement SharePoint for a set of public facing internet sites. These will leverage the web content management features of SharePoint and serve as a platform for future web properties for the university. Specific features include: Creation of a new public website for one of the university's programs; installation and configuration of the infrastructure to support a large scale SharePoint farm; and, support for internationalization, personalization and a robust content publishing workflow.

Burntsand Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $140,446,000 or $0.00 per basic and diluted share on total revenue of $4,771,851,000 compared to net income of $216,821,000 or $0.00 per basic and diluted share on total revenue of $6,676,257,000 for the same period a year ago. Loss from operations was $81,005,000 compared to income from operations of $305,204,000 for the same period a year ago. Loss before income taxes was $140,446,000 compared to income before income tax of $230,298,000 for the same period a year ago. Cash flow used in operating activities was $849,616,000 compared to cash from operating activities of $1,609,362,000 for the same period a year ago. Amount spent on purchase of capital assets, net of related accounts payable was $6,099,000 compared to $10,300,000 for the same period a year ago. Adjusted LBITDA was $47,138,000 compared to adjusted EBITDA of $350,153,000 for the same period a year ago. For the nine months, the company reported net loss of $393,841,000 or $0.01 per basic and diluted share on total revenue of $16,600,111,000 compared to net loss of $234,810,000 or $0.00 per basic and diluted share on total revenue of $17,845,221,000 for the same period a year ago. Loss from operations was $114,650,000 compared to income from operations of $26,700,000 for the same period a year ago. Loss before income taxes was $393,841,000 compared to $196,136,000 for the same period a year ago. Cash flow used in operating activities was $800,765 compared to cash from operating activities of $1,029,241,000 for the same period a year ago. Amount spent on purchase of capital assets, net of related accounts payable was $8,873,000 compared to $115,400,000 for the same period a year ago. Adjusted LBITDA was $20,905,000 compared to adjusted EBITDA of $153,074,000 for the same period a year ago.

Burntsand Inc. announced the signing of a contract for a Microsoft Office SharePoint 2007 implementation totaling $360,000. The customer is a university located in the New England area. Burntsand has been engaged to provide services to implement SharePoint as the core infrastructure for a set of intranet sites and collaboration sites in the first phase of the customer's multi-phase strategy and roadmap as follow Intranet portal capabilities to support information distribution and collaboration; Enterprise search features to expose content from multiple repositories; and, Financial reporting leveraging the Microsoft BI platform including Performance Point in conjunction with SharePoint and SQL Server Analysis and Reporting Services.