Welcome to

Enterprise Network | 2.19.2009

James PowersChairman, 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

I wanna bea cowboy!

I wanna bePresident!

I wannabe 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

$

Founded Clearidge

Nashville Tennessee-based BottledWater Company in 1990

We even got Crystal Gayleas our spokesperson!

Too bad that didn’t reallyhelp us sell more water…

Me

Lawyer

Lawyer

Lawyer

Economist

MBA / PhD

MBA

The Dream Team

Crystal!Law

yer

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

• 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

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

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

Loyal Customers – High RetentionLoyal Customers – High RetentionFINANCE/HEALTHCARE LEARNING TECHNOLOGY GOVERNMENT

The Opportunity

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

October 2007

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

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

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

My YouTube Debut

My YouTube Debut

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

7 Guiding Principles:

1. Cash flow – You gotta love it like your mama!2. If it’s not measured, it’s not managed. 3. Capital structure is make or break. 4. Trust your instincts. 5. Make a decision! 6. Give back – individually and corporately.7. Integrity starts at the top.

NEED VISUAL

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