On May 13, 2009, the Board of Directors of Magnitude Information Systems Inc. appointed Andre Scholz to serve as a director of company and as a consultant. As a consultant, Mr. Scholz will serve in the roles of Chief Technology Officer for the company and in the roles of President and Chief Executive Officer for Kiwibox Media, Inc., the company's wholly owned and principal business subsidiary. Mr. Scholz, 31 years of age, is currently the General Manager / CEO of Interscholz Beteiligungs GmbH and Interscholz Internet Services GmbH & Co. KG, German companies located in Stuttgart, Germany. Mr. Scholz also owns and manages Advanced Technology Group Deutschland GmbH, also located in Stuttgart, which is engaged in the development and marketing of computer, patented algorithms in the European market for pattern recognition. In connection with its business reorganization, the company has consolidated the sites of its business operations in its New York City offices, located at 330 West 38th Street, now its principal offices, and has terminated its lease for its New Jersey office located at 1250 Route 28, Branchburg, New Jersey.

Magnitude Information Systems Inc. reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net loss of $1.36 million. In contrast, the company posted a net loss of $2.14 million for the same quarter in the previous year.

On 05/12/2009, Magnitude Information Systems Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.