Q3 2009 SEDONA Corporation Earnings Release - Time Not Supplied

Earnings Announcements for Tuesday, November 17CompanySymbolEPSEstimate*TimeAdd to MyCalendarConferenceCallACORN INTERNATIONAL INCATVN/ABefore Market OpenAddADVANCED SEMICONDUCTOR MANUFACTURING CORP3355.HKN/AAfter Market CloseAddListenAFTERSOFT GROUP INCASFG.OBN/ATime Not SuppliedAddAstro-Med, Inc.ALOTN/AAfter Market CloseAddListenAutodesk, Inc.ADSK0.23After Market CloseAddListenBASTIDE LE CONFORT MEDICALBLC.PAN/ATime Not SuppliedAddBritish Lan...
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SEDONA Corporation Announces Shareholder Third Quarter 2009 Conference Call

KING OF PRUSSIA, Pa., Nov. 16 /PRNewswire-FirstCall/ -- SEDONA® Corporation (OTC Bulletin Board: SDNA - News; www.sedonacorp.com), which partners with banks and credit unions to deliver solutions that improve their financial performance, today announced that it will hold a conference call for interested shareholders to review the Company's third quarter 2009 operating results. Conference Calllisten-only conference call of its Third Quarter 2009 operating results. In order to participate in the conference call, dial (877) 432-4708 (US and Canada) a few minutes prior to the Tuesday, November 17, 9:30AM EST conference call, and ask for the "SEDONA Quarterly Conference Call". Callers will be required to give their complete name, affiliation and phone number to the operator to participate in the call.Participants are welcome to submit questions prior to the meeting to be addressed on the call. All questions must be submitted via email to mcnaul@sedonacorp.com, by 6:00am EST, Tuesday, November 17, 2009. The email must contain "Quarterly Review Question" in the subject line and will only be considered if it includes t...
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SEDONA CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Business Overview SEDONA is a software application and services provider that seeks to improve financial institution performance by providing SAAS-based advanced business intelligence and analytics, sentiment-based computing and relationship mining. The Company has strategically targeted small to mid-sized financial services organizations (SMBs) to introduce its leading CRM/MRM application solution including, but not limited to, community and regional banks, credit unions, savings and loans, and brokerage firms. SEDONA defines the SMB market as any financial services institution with total asset values below $10 billion; however, SEDONA's technology has and may be sold to institutions whose total asset values exceed $10 billion. The Company offers various flexible delivery solutions that fulfill any budgetary requirements. The Company's application solutions enable financial services organizations to improve key performance metrics to strengthen their position in the market and obtain greater share of the customer's wallet. Beginning in December 2008, SEDONA added sales and marketing staff to the organization to enhance the direct distribution of SEDONA CRM to the financial services industry. In addition, SEDONA also retained its indirect distribution channel strategy. The Company licenses its CRM/MRM technology to software and services providers, who market, sell, distribute and support SEDONA's technology either as a component of their total solution or as stand-alone offering. The Company is not an application service provider (ASP) or software as a service provider (SAAS); however, SEDONA CRM/MRM can be deployed in an ASP/SAAS environment through the Company's distribution partners or as an installed service inside a customer's data center. SEDONA has signed Original Equipment Manufacturer (OEM) and reseller agreements with several leading software and services providers for th...
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Liberty Bank Partners With SEDONA For Growth

KING OF PRUSSIA, Pa., Oct. 14 /PRNewswire-FirstCall/ -- Liberty Bank of Middletown, Connecticut has selected SEDONA CRM(TM) to direct and enhance the customer experience. With $3 billion in assets, Liberty Bank has been aggressively pursuing its market with hard-hitting ads and innovative product combinations. The SEDONA solution will serve as the cornerstone of Liberty Bank's marketing and customer management functions. "We view technology as a fundamental element in our strategy to capitalize on growth opportunities," said Chandler J. Howard, President and Chief Executive Officer for Liberty Bank. "With SEDONA CRM, we have the technology to direct our customer relationships at every touch point and to offer the right financial services at the right time for the customer," says Patti Jatkevicius, Senior Vice President of Marketing, Liberty Bank. "The SEDONA solution will also show our management team what's working as it's happening. That will make us even more responsive, and ultimately, more successful."Efficient growth is the holy grail for many financial institutions, particularly when margins are tight and FDIC assessments sap profits. SEDONA CRM dramatically improves bank efficiency by combining the tools for banks to successfully manage their customer relationships and service delivery. The solution uses SEDONA's industry leading technology to help banks convert customer data into actions that increase the customers' lifetime value. SEDONA CRM includes marketing CIF (MCIF), contact management, sales force automation, lead and referral tracking, and performance management in one enterprise solution.Liberty Bank's selection of the SEDONA solution was helped by accounts of other banks' success with the product. "We heard that banks using SEDONA CRM have seen their services per household ratio increase by 21 percent in just two years,...
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SEDONA Corporation Announces Annual Meeting

KING OF PRUSSIA, Pa., Sept. 23 /PRNewswire-FirstCall/ -- SEDONA® Corporation (OTC Bulletin Board: SDNA - News; www.sedonacorp.com), a leading provider of Customer and Member Relationship Management (CRM/MRM) solutions for small and mid-size financial services organizations, today announced that it will hold its Annual Meeting of Shareholders on Tuesday, September 29, 2009. The meeting will be held at the Homewood Suites by Hilton-Valley Forge, located at 681 Shannondell Blvd., Audubon, PA 19403 on Tuesday, September 29, 2009, at 11:00AM EDT. Shareholders and interested parties are invited to attend in person. Those unable to attend in person may attend by conference call (details provided below).Conference Calllisten-only conference call of its Annual Shareholder Meeting. In order to participate in the conference call, dial (877) 432-4708 (US and Canada) or (706) 643-4636 (International) about 5 to 10 minutes prior to the 11:00AM EDT conference call, and ask for the "SEDONA Annual Shareholder Meeting". Callers will be required to give their complete name, affiliation and phone number to the operator to participate in the call. You will hear the full Annual Meeting, which will include a presentation by David R. Vey, Chairman and CEO of SEDONA, and a Q&A ...
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SEDONA CORP Financials

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SEDONA CORP Files SEC form 8-K, Other Events

Item 8.01 Other Events. In a press release filed August 21, 2009, SEDONA Corporation announces recent ruling in case 3:07-CV-00171-TPS issuing a declaratory judgment regarding a breach of contract action filed by SEDONA Corporation against Open Solutions, Inc., in the United States District Court District of Connecticut. On June 28, 2006, SEDONA filed a civil action lawsuit against Open Solutions Inc. (OSI), in Montgomery County Court in Pennsylvania for breach of a software license agreement entered into between the parties in May 2002. In the lawsuit, the Company alleges that since September 2004, OSI failed to pay royalty payments required under the parties' master software license and services agreement for licensed products and services sold by OSI to its customers. OSI removed the case to federal court and successfully moved for a change in venue from the United States District Court for the District of Pennsylvania to the United States District Court for the District of Connecticut. SEDONA filed an amended complaint after the case was transferred to the District of Connecticut. In its amended complaint, SEDONA seeks a declaration and damages relating to OSI's failure to pay royalties under the agreement for its sales of the cView product operating on the .NET platform and for breach of the agreement's confidentiality provision. OSI served an amended answer with counterclaims asserted against SEDONA for declaratory relief and breach of contract. In a ruling filed August 19, 2009, the court denied SEDONA's motion for summary judgment on claims that OSI was required to pay royalties on the sale of the cView product and that failure to pay such royalties and disclosure of confidential information to the offshore development company constituted a breach of contract. Further, the court denied OSI's motion for summary judgment on claims that SEDONA was in breach of contract for demanding royalty payments, while accepting OSI's claim that cView was a license enhancement not subject to roya...
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SEDONA Corporation Announces Recent Court Ruling

KING OF PRUSSIA, Pa., Aug. 21 /PRNewswire-FirstCall/ -- SEDONA® Corporation (OTC Bulletin Board: SDNA - News; www .sedonacorp.com), announces recent ruling in case 3:07-CV-00171-TPS issuing a declaratory judgment regarding a breach of contract action filed by SEDONA Corporation against Open Solutions, Inc., in the United States District Court District of Connecticut. On June 28, 2006, SEDONA filed a civil action lawsuit against Open Solutions Inc. (OSI), in Montgomery County Court in Pennsylvania for breach of a software license agreement entered into between the parties in May 2002. In the lawsuit, the Company alleges that since September 2004, OSI failed to pay royalty payments required under the parties' master software license and services agreement for licensed products and services sold by OSI to its customers. OSI removed the case to federal court and successfully moved for a change in venue from the United States District Court for the District of Pennsylvania to the United States District Court for the District of Connecticut. SEDONA filed an amended complaint after the case was transferred to the District of Connecticut. In its amended complaint, SEDONA seeks a declaration and damages relating to OSI's failure to pay royalties under the agreement for its sales of the cView product operating on the .NET platform and for breach of the agreement's confidentiality provision. OSI served an a...
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Dahn Yoga: Body, Brain and Wallet

In September 2006 Amy Shipley was a bubbly junior at the University of Illinois at Chicago, majoring in education. A homecoming court princess in high school, Shipley worked evenings as a cocktail waitress to pay for college. Two years later Shipley says she was a "glassy-eyed train wreck" who had difficulty reading and suffered from post-traumatic stress disorder. She graduated with $32,000 in loans--none of which went for tuition. What happened? She signed up for yoga at an outfit called Dahn Yoga & Health Centers, a Mesa, Ariz. national chain of 139 yoga centers.Fifteen months and dozens of workshops later she says she was not only out a big chunk of change but, as she puts it, "fully cooked"--indoctrinated into a cult.Shipley, now 25, is one of 27 former Dahn practitioners who filed suit in Arizona in May claiming the group subjected them to psychological manipulation and fraudulently induced them to spend thousands of dollars on Dahn yoga classes and retreats in Sedona, Ariz. and other places. The punishing techniques, they say, included forced isolation from friends and families, exercises like bowing 3,000 times all night long without breaks, disciplining members by sticking their heads in the toilet and making them lick other members' feet, and having them hold certain poses, like the push-up position, for 20 to 30 minutes at a time. On top of those charges, the suit alleges that Ilchi Lee, the 57-year-old Korean founder of Dahn and its spiritual leader, sexually preyed on young female disciples.Dahn Yoga calls the suit frivolous and has filed a motion to dismiss on various grounds, including prior settlements with three of the plaintiffs. Two of those settlements included unusual provisions forbidding the former members from complaining about Dahn Yoga to any government agencies. Ilchi Lee is also seeking to dismiss counts against him personally, contending he wasn't directly involved.Calling Dahn Yoga a cult, says company r...
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