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Warp 9 Inc. (WNYN.OB) Pre-pays Convertible Debentures Debt and Move Forward Less Encumbered

One of the odd aspects of the Internet is development and time. People often feel that that the Internet has reached its potential and is ready to settle into a predictable vehicle. The next moment, however, brings new advances that were previously unheard of. The Internet as a retail channel is much the same. Companies that drive the Internet retail channel are the creative forces behind it, continually finding ways to sell and manage it more efficiently. Find a company that is driving the channel, and profit won’t be far behind.

Warp 9 Inc., a full-service e-commerce platform and services company, offers a wide range of e-commerce solutions to those companies currently operating in, or wishing to operate within, the e-commerce market. The company is internationally known and counts several well established e-catalog retailers and many other high profile e-commerce companies as clients.

Many companies view the Internet as just another sales channel. In reality, there are many aspects of selling through the Internet that need to be paid attention to. When a company reaches critical mass and does not want to devote large amounts of time and resources to managerial and implementation aspects of this channel, they can outsource individual aspects of it as they choose. Warp 9 services all aspects of e-commerce in this regard.

Apparently, the company has been receiving quite a bit of business as retail e-commerce continues its evolution. On June 9, 2008, it announced that it had prepaid all convertible debentures which were issued by a past management team. The net result of the company’s paying off this part of its debt is that it is now less encumbered than some may have thought in the past. With debt well under control, management now feels that the company is primed to move forward at a pace consistent with its positive current results and solid profits. The Internet retail channel is still in its infancy stage, regardless of how it may appear, but Warp 9 Inc. appears to be well on its way to leading the field into an uncertain world of large profits.

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