Exhibit 99.1

News Release

 

Allin Corporation   Telephone:

381 Mansfield Avenue

  (412) 928-2022

Suite 400

  Telefax:

Pittsburgh, Pennsylvania 15220-2751

  (412) 928-0225

Allin Corporation Announces Strong Second Quarter Results

Wednesday, August 1, 2007

For Release at 4:30 PM EDT

Pittsburgh, PA: Allin Corporation (OTCBB: ALLN), a Microsoft Gold Certified technology consulting firm, today reported results for the three months and six months ended June 30, 2007.

For the three-month and six-month periods ended June 30, 2007, revenue was $6.8 million and $13.0 million, respectively, compared to $5.6 million and $10.6 million for the three-month and six-month periods ended June 30, 2006, respectively. The Company recorded net income attributable to common shareholders in the amount of $45,000 ($0.01 per share-diluted) and $489,000 ($0.05 per share-diluted) for the three-month and six-month periods ended June 30, 2007, respectively, compared to net income attributable to common shareholders of $538,000 ($0.05 per share-diluted) and $623,000 ($0.06 per share-diluted) for the three-month and six-month periods ended June 30, 2006, respectively.

“We continue to show strong year-to-year revenue growth,” stated Rich Talarico, Allin’s chief executive officer. “More sophisticated usage of .Net development, Microsoft SharePoint technologies, business intelligence solutions and Microsoft CRM has driven demand for our consulting services. Our Digimix™ interactive television solution has created strong demand for our services in the cruise industry. In the last ten months we have added six new cruise line clients while continuing to provide services for our existing clients. In addition, we previously announced that we have been selected for National Systems Integrator status with Microsoft and are working with them through this program to further expand our presence in the financial services industry.”

Mr. Talarico continued, “Last year we had a very strong first half of the year but our results slowed in the second half due to the timing of interactive television implementations. We have a similar situation this year, however, we do expect to have a much stronger performance in the second half of 2007 as compared to the same period in 2006.”

Revenue increased 21% comparing the quarter ended June 30, 2007 with the quarter ended June 30, 2006. Consulting Services revenue recorded a 21% increase in the three months ended June 30, 2007 over the comparable period of 2006. The Company’s revenue model was driven primarily by custom .Net development, Microsoft SharePoint technologies, SQL Server 2005, Performance Point 2007, more complex Microsoft Dynamics SL, GP and CRM implementations and interactive television technology. Systems Integration revenue increased 14% compared to a strong second quarter of 2006, driven by the strong demand for the Company’s interactive services. Total revenue for the six-month period ended June 30, 2007 increased 22% compared to the six-month period ended June 30, 2006.


The following information was filed by Allin Corp (ALLN) on Friday, August 3, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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