EXHIBIT
99.1
AMENDMENT
TO
NOTE
AND
WARRANT PURCHASE AGREEMENT
AND
REGISTRATION
RIGHTS AGREEMENT
Whereas
on February 5, 2007 the Parties hereto entered a Note and Warrant Purchase
Agreement and a Registration Rights Agreement (the “Agreements”),
Whereas
the Parties desire to amend the Agreements,
Now
therefore the Parties agree that the Agreements are amended as
follows:
I.
|
The
maximum amount of borrowing available under the Agreements shall
be
increased from $600,000 to $1,000,000, and all references to $600,000
shall be amended to $1,000,000.
|
II.
|
The
maximum number of Warrants that may be issued under the Agreements
shall
be increased from 3,111,000 to 5,185,000 and all references to such
maximum number shall be amended as such.
|
III.
|
All
other provisions of the Agreements shall remain in full force and
effect.
|
COMMUNICATION
INTELLIGENCE CORPORATION
By:
______________________________
Date:
__________________
Title:
|
Chief
Financial Officer
|
PURCHASER
By:
______________________________
Date:
__________________
Name:
Title:
EXHIBIT
99.2
FOR
IMMEDIATE RELEASE
CIC
Announces Amendment to Credit Facility
Redwood
Shores, CA, March 19, 2007
-
Communication Intelligence Corporation (“CIC” or the “Company”) (OTC BB: CICI),
a leading supplier of electronic signature solutions for business process
automation in the Financial Industry and the recognized leader in biometric
signature verification announced today that it has amended the credit facility
previously announced on February 9, 2007.
The
Amendment increases the amount of funds that the Company may borrow under the
previously announced Note and Warrant Purchase Agreement dated as of February
5,
2007 (the “Agreement”) from six hundred thousand dollars ($600,000) to one
million dollars ($1,000,000) and increases the maximum number of warrants that
may be issued from three million one hundred eleven thousand (3,111,000) to
five
million one hundred and eighty-five thousand (5,185,000). All other terms of
the
Agreement remain in full force and effect. The Company intends to use the
proceeds for additional working capital, as needed.
About
CIC
Communication
Intelligence Corporation (“CIC”) is a leading supplier of electronic signature
solutions for business process automation in the Financial Industry and the
recognized leader in biometric signature verification. CIC’s products enable
companies to achieve truly paperless work flow in their eBusiness processes
by
enabling them with “The Power to Sign Online®” with multiple signature
technologies across virtually all applications. Industry leaders such as
AIG, Charles Schwab, Prudential, Nationwide (UK) and Wells Fargo chose CIC’s
products to meet their needs. CIC sells directly to enterprises and through
system integrators, channel partners and OEMs. CIC is headquartered in Redwood
Shores, California and has a joint venture, CICC, in Nanjing, China. For more
information, please visit our website at
http://www.cic.com
.
Forward
Looking Statement
Certain
statements contained in this press release, including without limitation,
statements containing the words “believes”, “anticipates”, “hopes”, “intends”,
“expects”, and other words of similar import, constitute “forward looking”
statements within the meaning of the Private Litigation Reform Act of 1995.
Such
statements involve known and unknown risks, uncertainties and other factors
which may cause actual events to differ materially from expectations. Such
factors include the following (1) technological, engineering, quality control
or
other circumstances which could delay the sale or shipment of products
containing the Company’s technology; (2) economic, business, market and
competitive conditions in the software industry and technological innovations
which could affect the Company’s business; (3) the Company’s inability to
protect its trade secrets or other proprietary rights, operate without
infringing upon the proprietary rights of others or prevent others from
infringing on the proprietary rights of the Company; and (4) general economic
and business conditions and the availability of sufficient financing.
CIC,
its
logo
and
the
Power to Sign Online are registered trademarks. All other trademarks and
registered trademarks are the property of their respective holders.
Contact
Information
CIC
Investor
Relations Inquiries:
Chantal
Eshghipour
Phone:
650-802-7740
Email:
investorrelations@cic.com
###
PR#479