Welcome to Enterprise Network | 2.19.2009 James Powers Chairman, President & CEO SURVIVING AND THRIVING IN ANY ECONOMY When Agility, Adaptation and Focus Really Count

We stand in a time of challenge…

A Diverse Career: Real Estate Bottled Water Restaurant Industry Dental Practice Management Web Conferencing Software

A Diverse Career:

Real Estate

Bottled Water

Restaurant Industry

Dental Practice Management

Web Conferencing Software

I wanna be a cowboy!

I wanna be President!

I wanna be a football player!

Nice game, son. Now grow up and get a real job!

Do dentists really lack business skills? Not me! Go get an MBA and find out!

Got MBA, Series 7 and 63 Securities Licenses. Made a lot of money… Fast!! Lost a lot of money… Fast!!! Shopping Centers Subdivisions Apartments Homes $

Got MBA, Series 7 and 63 Securities Licenses.

Made a lot of money… Fast!!

Lost a lot of money… Fast!!!

Founded Clearidge Nashville Tennessee-based Bottled Water Company in 1990 We even got Crystal Gayle as our spokesperson! Too bad that didn’t really help us sell more water…

Founded Clearidge

Nashville Tennessee-based Bottled

Water Company in 1990

Me Lawyer Lawyer Lawyer Economist MBA / PhD MBA The Dream Team Crystal! Lawyer

Clearidge Bottled Water Commercial and residential five-gallon delivery business Grew rapidly: Bought 13 other companies Largest Independent Bottler in Southeast Successfully sold in 2000, despite critical financing error by former Perrier exec

Commercial and residential five-gallon delivery business

Grew rapidly:

Bought 13 other companies

Largest Independent Bottler in Southeast

Successfully sold in 2000, despite critical financing error by former Perrier exec

Founded Lovett’s Buffet “ All You Can Eat” Focus group told all Bought Barnhill’s Country Buffet

Founded Lovett’s Buffet

“ All You Can Eat”

Focus group told all

Bought Barnhill’s Country Buffet

Grew to more than 50 stores Over $100 million company with 2,700 employees Sold to former Shoney’s execs in 2005

Grew to more than 50 stores

Over $100 million company with 2,700 employees

Sold to former Shoney’s execs in 2005

Liberty Dental Founded in 1997 – Nashville, Tenn. Merged Liberty Dental with Pentegra in late 1998 and became Chairman, President & CEO High-end fee-for-service Dental Practice Mgmt $75+ Million Revenues 100+ Dental Practices in 31 states 1,000+ Employees

Liberty Dental

Founded in 1997 – Nashville, Tenn.

Merged Liberty Dental with Pentegra in late 1998 and became Chairman, President & CEO

High-end fee-for-service Dental Practice Mgmt

$75+ Million Revenues

100+ Dental Practices in 31 states

1,000+ Employees

Market Conditions – Early 2000: Stock = currency used to buy dental practices Business sector collapsed or imploded We had: Disgruntled dentists who could turn off cash flow 1,000 employees, $1Million payroll every two weeks Owed $15Million to bank for credit line

Market Conditions – Early 2000:

Stock = currency used to buy dental practices

Business sector collapsed or imploded

We had:

Disgruntled dentists who could turn off cash flow

1,000 employees, $1Million payroll every two weeks

Owed $15Million to bank for credit line

The Balancing Act Give the Dentists Hope: Hold their stock while we drive to new business model (e-dentist.com) Give Bank Little Hope (to get 50% discount): Dentists could turn off cash flow at anytime. Give Shareholders Vision to Future: Raised $5.75 million to pay off bank.

The Balancing Act

Give the Dentists Hope: Hold their stock while we drive to new business model (e-dentist.com)

Give Bank Little Hope (to get 50% discount): Dentists could turn off cash flow at anytime.

Give Shareholders Vision to Future: Raised $5.75 million to pay off bank.

The iLinc Story EDT Learning acquired five companies Changed name from EDT Learning to iLinc Focused strictly on Web and Audio Conferencing From 2003 to 2007 went from $2 - $15 million revenue

The iLinc Story

EDT Learning acquired five companies

Changed name from EDT Learning to iLinc

Focused strictly on Web and Audio Conferencing

From 2003 to 2007 went from $2 - $15 million revenue

Loyal Customers – High Retention FINANCE/HEALTHCARE LEARNING TECHNOLOGY GOVERNMENT

The Opportunity “ By 2011, worldwide sales for web conferencing will reach $11.5 billion.” October 2007

“ By 2011, worldwide sales for web conferencing will reach $11.5 billion.”

iLinc Product Use Growing Fast

iLinc customers have saved over $75 million in travel and energy

Software-as-a-Service (SaaS) Focus Tough Competitors Cisco WebEx, Microsoft Live Meeting, Citrix Low-cost providers (freeware) popping up Early 2008 > Moved focus to SaaS, briefly pushing down revenues and creating losses Summer 2008 > Sold audio conferencing for cash Currently > Growing Direct/Channel SaaS sales

Tough Competitors

Cisco WebEx, Microsoft Live Meeting, Citrix

Low-cost providers (freeware) popping up

Early 2008 > Moved focus to SaaS, briefly pushing down revenues and creating losses

Summer 2008 > Sold audio conferencing for cash

Currently > Growing Direct/Channel SaaS sales

Market Conditions Have Changed! iLinc has gone private or “Dark” Now a non-reporting company No quarterly audits, conference calls or filing Q’s No IR efforts/expense Reduces cost by $500,000/year Allows more intense focus on growing SaaS revenues Better positions iLinc for strategic options

iLinc has gone private or “Dark”

Now a non-reporting company

No quarterly audits, conference calls or filing Q’s

No IR efforts/expense

Reduces cost by $500,000/year

Allows more intense focus on growing SaaS revenues

Better positions iLinc for strategic options

Technology Access Has Changed Marketing Geography used to be important Now, the Internet eliminates geography So use these tools to communicate: WordPress, Facebook, LinkedIn, Ning, Meetup, Twitter, Squidoo and Basecamp iLinc, Skype and Google You can make a difference in your organization… or a difference in the world by leveraging technology

Geography used to be important

Now, the Internet eliminates geography

So use these tools to communicate:

WordPress, Facebook, LinkedIn, Ning, Meetup, Twitter, Squidoo and Basecamp

iLinc, Skype and Google

You can make a difference in your organization…

or a difference in the world by leveraging technology

My YouTube Debut

My YouTube Debut http://www.youtube.com/watch?v=DM2Ll-_hFgo

7 Guiding Principles: Cash flow – You gotta love it like your mama! If it’s not measured, it’s not managed. Capital structure is make or break. Trust your instincts. Make a decision! Give back – individually and corporately. Integrity starts at the top.

Cash flow – You gotta love it like your mama!

If it’s not measured, it’s not managed.

Capital structure is make or break.

Trust your instincts.

Make a decision!

Give back – individually and corporately.

Integrity starts at the top.

NEED VISUAL Questions / Comments? For info: www.iLinc.com