Kintera Signs $2.81 Million Contract with the Government of the Federated States of Micronesia; Kintera FundWare Will Provide Micronesia's National Government and All Four States with a Complete Financial Management Solution.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Kintera(R), Inc. (Nasdaq:KNTA KNTA Korean National Tuberculosis Association ), the leading provider of software as a service to nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive. Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law. and government organizations, today announced the Government of the Federated Connected and treated as one. See federated database and federated directories. States of Micronesia (FSM See finite state machine. 1. (mathematics, algorithm, theory) FSM - Finite State Machine. 2. (networking) FSM - FDDI Switching Module. (3Com implements this device on its LAN switches). ) has signed a $2.81 million contract to implement Kintera FundWare(R) as the nation's financial management software. In addition, Micronesia's national government, and the nation's all four states, plan to purchase ongoing support of these systems for the next five years. The purchase of FundWare for FSM was partially funded by the U.S. Department of the Interior. Micronesia is an independent island nation located in the Western Central Pacific Ocean. FSM will use FundWare to streamline day-to-day accounting tasks, focus on strategic financial management and demonstrate accountability. "Our decision to use Kintera FundWare across all the governments of the Federated States of Micronesia is an important milestone," said Nick Andon, the Secretary of Finance and Administration for FSM. "It will be a great benefit to have our governments use the same accounting solution because it will enable us to manage our financial procedures more efficiently and run our governments more effectively." Developed specifically for nonprofit organizations Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. and governments, Kintera FundWare unites accounting, budgeting and reporting tools with a built-in audit trail to create a product suite with the goal of simplifying an organization's financial management complexities. "We're pleased to have been selected by the Federated States of Micronesia to help create operating synergies between Micronesia's governments while strengthening their financial management procedures and goals," said Kintera's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Harry E. Gruber, M.D. "This contract demonstrates our ability to conduct large-scale accounting software implementations, including implementations for the government sector." For more information about Kintera FundWare, please visit www.fundware.com. About Kintera, Inc. Kintera(R), Inc. (Nasdaq:KNTA) provides an online solution to help nonprofit organizations deliver The Giving Experience(TM) to donors -- including giving convenience, financial transparency, feedback about the social impact of their gifts and a sense of belonging and appreciation. More than 15,000 accounts in the nonprofit, government and corporate sectors use Kintera's "software as a service" innovations, including the Friends Asking Friends(R) fundraising program and Kintera Sphere(TM), an enterprise-grade software platform that provides a secure, scaleable and reliable system for customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), a web content management system (CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ), eMarketing and directed giving applications. Additionally, Kintera FundWare(R) provides award-winning financial management software developed for nonprofit organizations and governments. Kintera also provides the GivingFund(TM) payment option, which offers donors Internet convenience for Donor Advised Funds A Donor-Advised Fund (DAF) is a charitable giving vehicle set up under the tax umbrella of a public charity, which acts as sponsor to many Funds. A Donor-Advised Fund offers the opportunity to create an easy-to-establish, low cost, flexible vehicle for charitable giving as an (DAF) financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . With the Kintera GivingFund(TM), nonprofits are able to provide improved customer service to philanthropists through this new, innovative way to make major gifts online. A one-time DAF, CharityGift(TM) is available for purchase at Kintera's The Giving Communities(TM) interactive website at www.kintera.org. The site is also a destination for consumers to connect with thousands of causes and organizations. For more information about Kintera's software and services, visit www.kintera.com. Kintera, Kintera Sphere, Friends Asking Friends, The Giving Experience, The Giving Communities, GivingFund, CharityGift and FundWare are either registered trademarks or trademarks of Kintera, Inc. in the U.S. and/or other countries. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. In addition to historical information, this press release contains forward-looking statements (including, without limitation, express or implied statements regarding the adoption of software solutions by the Federated States of Micronesia) that involve risks and uncertainties. These forward-looking statements represent our estimates and assumptions only as of the date hereof. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation: our limited operating history; our history of losses; our dependence on increased acceptance by nonprofit organizations of online fundraising Online fundraising is the use of Internet-based technology, marketing and communication techniques by non-profit organizations to bring in revenue, frequently as donations. ; lengthy sales cycles for major customers; our need to manage growth; risks associated with accounting for and processing large amounts of donations; the rapidly changing technologies and market demands; and other risks identified in our filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on these forward-looking statements. |
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