ID Watchdog Inc., Annual General Meeting, Jan 08, 2010

ID Watchdog, Inc. reported unaudited consolidated earnings results for the third quarter and nine months September 30, 2009. For the quarter, the company net loss $1,271,082 or $0.02 per basic and diluted share on revenue of $1,422,746, compared to net loss $1,866,300 or $0.11 per basic and diluted share on revenue of $1,282,631, a year ago. Operating loss was $1,365,758 compared to $1,658,956 a year ago. For the quarter, the company net loss $6,940,097 or $0.13 per basic and diluted share on revenue of $4,566,627, compared to net loss $6,362,040 or $0.39 per basic and diluted share on revenue of $3,278,331, a year ago. Operating loss was $6,573,614 compared to $5,756,430 a year ago. Net cash used in operating activities was $4,712,407 compared to $5,661,570 a year ago. Capital expenditures were $52,721 compared to $405,324 a year ago.

ID Watchdog Inc. announced the appointment of Nicholas Bryla to the position of Vice President of Product Management and Marketing. Bryla will join ID Watchdog's team in the company's Denver headquarters, and will assume the position immediately. As Vice President of Product Management and Marketing, Bryla will lead ID Watchdog's marketing team in refining product strategy and delivery, pricing, and on-going lifecycle management of customer-facing solutions. In addition, Bryla will oversee the further development of the ID Watchdog brand. In his 15 years of product management experience, Bryla has maintained pivotal leadership roles at forward-thinking companies such as Digex Inc., NIT/Verio and First Data Corporation. Most recently, he served as Senior Manager at Trizetto Group in Greenwood Village Co. In this position, he oversaw a new product development process that led to 30% growth over the following year.