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 6, 2008

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, 2008.

For the three-month and six-month periods ended June 30, 2008, revenue was $7.9 million and $16.1 million, respectively, compared to $6.8 million and $13.0 million for the three-month and six-month periods ended June 30, 2007, respectively. The Company recorded net income attributable to common shareholders in the amount of $603,000 ($0.05 per share-diluted) and $1.1 million ($0.09 per share-diluted) for the three-month and six-month periods ended June 30, 2008, respectively, compared to net income attributable to common shareholders 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.

“We are very pleased with the results for the quarter,” stated Rich Talarico, Allin’s chief executive officer. “Strong growth in services to the travel and leisure vertical marketplace more than offset weakness in our services focused on the financial industry. We have worked hard to create a good balance of services across vertical markets and in broader markets focused on Microsoft technologies that has enabled us to grow in the face of an increasingly weak economy. We are also very pleased with the integration of our acquisition of SharePointHosting.com during the second quarter of this year. This transaction places us in what we anticipate will be a very strong growth area going forward: Software as a Service. Finally, we are very proud to have been recognized as the Partner of the Year for the Northwest Region by Microsoft at the recent Worldwide Partner Conference in Houston. This continues a consistent tradition of recognition by Microsoft for our outstanding marketing and technical excellence.”

“We expect revenues in the second half of the year to be somewhat lower than the first half due to the timing of the delivery of several large integration projects in the travel and leisure marketplace that we completed in the first half of this year and due to the continuing weakness in the general economy. We believe that there will be continued high demand for projects involving Microsoft’s SharePoint software and demand for server virtualization and unified communications should begin to gain traction.”

Revenue increased 17% and 24% comparing the three months and six months ended June 30, 2008, respectively, with the three months and six months ended June 30, 2007. The revenue growth occurred across each of the Company’s revenue categories and was driven primarily by strong demand in the Company’s interactive media practice.


The following information was filed by Allin Corp (ALLN) on Thursday, August 7, 2008 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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