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UCN Removes Remaining Shelf Registration
Published: 09/20/07 02:28 PM EDT

SALT LAKE CITY, Sept. 20 /PRNewswire-FirstCall/ -- UCN, Inc. UCNN, filed a shelf registration statement in June 2007 covering a total of $12.0 million of its common stock (File No. 333-144187). Pursuant to the registration statement, UCN completed a direct equity placement of 2.4 million shares of common stock on September 14, 2007, resulting in gross proceeds to UCN of $8.5 million. On September 19, 2007, UCN filed a post effective amendment to the registration statement to remove from registration $3.5 million of common stock remaining unsold. "Our recent equity raise provides us with the necessary capital to execute the aggressive growth strategy that I outlined in our second quarter earnings call" stated CEO Paul Jarman. "Therefore, we decided to withdraw the remaining registration statement covering $3.5 million of common stock."

About UCN, Inc.

UCN, Inc. UCNN is the leading provider of all-in-one, off-premises contact center software delivered over the UCN network, which supports both traditional TDM and VoIP connectivity models. Without requiring the purchase of onsite hardware or software, the inContact platform delivers network routing, skills-based contact distribution (ACD), sophisticated interactive voice response (IVR), call recording and monitoring, a breadth of reporting tools, workforce optimization, customer satisfaction measurement and contact flow customization tools. As an on-demand product, inContact customers pay a monthly fee based on usage. For more information about UCN visit http://www.ucn.net.

Forward Looking Statements

Note -- This press release may contain forward-looking statements with respect to UCN and its business operations and financial condition, the accuracy of which are necessarily subject to risks and uncertainties, all of which are difficult or impossible to predict accurately and many of which are beyond the control of UCN, all as more fully described in the risk factors and other matters set forth in UCN's Annual Report on Form 10-K for the year ended December 31, 2006, and UCN's other filings with the Securities and Exchange Commission. UCN disclaims any intent or obligation to update any forward- looking statements.

Source: UCN, Inc.



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