OTC Bulletin Board S & P Company Insight for ENTERCONNECT INC.
Profile
	Business Summary: EnterConnect, Inc. develops and provides enterprise portal solutions. It develops EnterConnect, an enterprise-level intranet/extranet solution that includes document management, content management, collaboration, search, and security.   Address   100 Century Center Court, Suite 650   San Jose , CA 95112   Phone: 408-441-9500   Website: http://www.enterconnect.com Auditor   Li & Company, PC   Skillman , NJ Transfer Agent   Interwest Transfer Co. Inc. Employees:  13 ShareHolders:  133 Founded:  2006 Domicile:  Nevada
Background
	EnterConnect, Inc. develops and provides enterprise portal solutions. It develops EnterConnect, an enterprise-level intranet/extranet solution that includes document management, content management, collaboration, search, and security. The company's EnterConnect is an intranet/extranet tool that enable companies to deploy internal employee, division, department, team and external customer, partner, and investor portals. The company's products include EnterConnect AppSuite and EnterConnect AppExchange, which provide collaborative online environments. It also offers consulting, implementation, and training services. The company primarily focuses on manufacturing, healthcare, business services, publishing and media, consumer packaged goods, federal contractors, financial services, energy, utilities, telecommunications, transportation, and state and local government industries. EnterConnect, Inc., formerly known as Priority Software, Inc., was founded in 2006 and is headquartered in San Jose, California. History:  INCORPORATED in Nevada Nov. 13, 2006 as Priority Software, Inc. Name changed to EnterConnect Inc. Jan. 4, 2007. December 21, 2006, acquired the EnterConnect platform and certain related assets and personnel for $1.066 million in the aggregate.
Management
	Management Officers Position  Sam  Jankovich Chairman, President & Chief Executive Officer  Dean  Galland Exec VP & Chief Operating Officer  Carolyn  Zelnio Chief Accounting Officer  Michael  Wainstein Treasurer Directors  Sam  Jankovich  Michael  Wainstein
Annual Report
	Annual Report   Income Statement   2008 2007 Revenues: Subscription and support $60,000 $- Professional services 56,000 - Total revenues 116,000 - Cost of revenues 78,120 - Gross profit 37,880 - Operating Expenses: Selling, general and administrative 1,055,867 403,834 Sales and marketing 428,733 172,118 Research and development 1,604,838 231,642 Total operating expenses 3,089,438 807,594 Loss from operations (3,051,558) (807,594) Other expenses: Interest expense 1,641,937 532,346 Total other expenses 1,641,937 532,346 Loss from operations before income taxes (4,693,495) (1,339,940) Income taxes 800 - Net loss $(4,694,295) $(1,339,940) Net loss per common share - basic and diluted $(0.19) $(0.07) Weighted average number of common shares outstanding - basic and diluted 24,972,208 18,016,303 See accompanying notes to the financial statements. Operating Income As Calculated Depr. and Amort. Fixed Charges Coverage: Available for Fixed Charges Gross Fixed Charges Fixed Charges Times Earnings Fixed Charges Coverages and Preferred Dividends Times Earnings Capital Expenditures Research & Development Expenditures   Balance Sheet   2008 2007 ASSETS Current Assets: Cash $2,131,711 $114,246 Restricted cash 200,569 - Prepaid expenses and other current assets 204,614 41,203 Total current assets 2,536,894 155,449 Property and equipment, less accumulated depreciation of $22,511 and $4,045, respectively 36,955 51,219 Intangible assets, net of accumulated amortization of $250,001 and $50,001, respectively 749,999 949,999 Deposits 15,500 8,678 TOTAL ASSETS $3,339,348 $1,165,345 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $306,525 $78,353 Accrued expenses 114,401 40,222 Convertible notes payable, net of discount of $4,548,464 342,536 - Total current liabilities 763,462 118,575 Stockholders' Equity: Preferred stock: $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding - - Common stock: $0.001 par value; 100,000,000 shares authorized; 27,205,261and 20,266,112 shares issued and outstanding, respectively 27,205 20,266 Additional paid-in capital 10,514,261 2,366,444 Deferred compensation (1,931,345) - Accumulated deficit (6,034,235) (1,339,940) Total stockholders' equity 2,575,886 1,046,770 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $3,339,348 $1,165,345 Net Working Capital Equity per Share Depr. and Amort. Reserve Preferred Shares Issued Common Shares Issued Treasury Shares - Preferred Treasury Shares - Common
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 90,000   2009   2 30,000   2009   3 110,000   2008   1 30,000   2008   2 40,000   2008   3 50,000   2008   Full Year 120,000   2007   1 30,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 (1,470,000)   2008   2 (1,930,000)   2008   3 (960,000)   2008   Full Year (4,690,000)   2007   1 (620,000)   2007   3 (1,730,000)   2007   4 (1,580,000)   2007   Full Year (2,440,000)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 (.05)   2009   2 (.07)   2009   3 (.03)   2008   1 (.03)   2008   2 (.03)   2008   3 (.07)   2008   4 (.05)   2008   Full Year (.19)   2007   1 (.03)   2007   Full Year (.13)
Stock Data
	Capitalization as of 06/30/2008:     Authorized Shares Outstanding Shares Preferred $0.001 par 10,000,000 None Common $0.001 par 100,000,000 27,205,261   LONG TERM DEBT: None.   Common $0.001 par   UNITS SOLD PRIVATELY: In November 2006, the company commenced a Regulation D Offering of Units priced at $100,000 per Unit, comprised of 10% Series A Convertible Debentures and Class A Warrants to purchase 60,000 shares of the company's Common stock exercisable at $2.00, $3.00 and $4.00 per share. The offering closed on Feb. 28, 2007, following the sale of 211,273.2 10% Series A Convertible Debentures and 1,267,641 Class A Warrants. A total of $2,112,732 was raised in the offering. The Debentures were subsequently converted into 2,112,732 Common shares, which were issued to certain shareholders.   Stockholders:  03/31/2008, 133. Transfer Agent:  Interwest Transfer Co. Inc.   Salt Lake City , UT   OTC Bulletin Board( Primary): ECNI   Exchange Year High Low OTC Bulletin Board 2009 0.0000 0.0000 Over The Counter 2008 1.2000 0.0500 Over The Counter 2007 1.2000 0.7500   DIVIDENDS: Common $0.001 par: None.