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<SEC-DOCUMENT>0001157523-08-009811.txt : 20081211
<SEC-HEADER>0001157523-08-009811.hdr.sgml : 20081211
<ACCEPTANCE-DATETIME>20081211090025
ACCESSION NUMBER:		0001157523-08-009811
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081130
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Cost Associated with Exit or Disposal Activities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081211
DATE AS OF CHANGE:		20081211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INNODATA ISOGEN INC
		CENTRAL INDEX KEY:			0000903651
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				133475943
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1216

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22196
		FILM NUMBER:		081242418

	BUSINESS ADDRESS:	
		STREET 1:		THREE  UNIVERSITY PLAZA
		STREET 2:		SUITE 506
		CITY:			HACKENSACK
		STATE:			NJ
		ZIP:			07601
		BUSINESS PHONE:		201 488 1200

	MAIL ADDRESS:	
		STREET 1:		THREE UNIVERSITY PLAZA
		STREET 2:		SUITE 506
		CITY:			HACKENSACK
		STATE:			NJ
		ZIP:			07601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INNODATA CORP
		DATE OF NAME CHANGE:	19930505
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5851060.htm
<DESCRIPTION>INNODATA ISOGEN, INC. 8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2008 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><font style="font-size: 18pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 18pt"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>Washington,
      D.C. 20549</b></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-size: 18pt; font-family: Times New Roman"><b>FORM
      8-K</b></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>Pursuant
      to Section 13 or 15 (d) of the Securities Exchange Act of 1934</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report: November 30, 2008</font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">(Date of
      earliest event reported):</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 18pt; font-family: Times New Roman"><b>INNODATA
      ISOGEN, INC.</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br><br>
    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center; width: 34%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>0-22196</b>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>13-3475943</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction of
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            incorporation)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center; width: 34%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission File Number)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Three University Plaza</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Hackensack, NJ 07601</b>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 34%">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>07601</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Address of principal executive offices)
          </p>
        </td>
        <td style="width: 34%">

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 33%">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt">
      </font><font style="font-size: 10pt; font-family: Times New Roman"><b>(201)
      371-2828</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman">(Registrant&#8217;s
      telephone number, including area code)</font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman"><b>N/A</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-size: 10pt; font-family: Times New Roman">(Former
      name or former address, if changed since last report)</font>
    </p>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt">
      </font><font style="font-size: 10pt; font-family: Times New Roman">Check
      the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      &#160;&#160;Written communications pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      &#160;&#160;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      &#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt; font-family: Times New Roman">
      &#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))</font>
    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman"><b>Item
      2.02&#160;&#160;&#160;&#160;&#160;</b></font><b><u><font style="font-size: 10pt; font-family: Times New Roman">Results
      of Operations and Financial Condition.</font></u></b>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">On December
      11, 2008, Innodata Isogen, Inc. (the &#8220;Company&#8221;) issued a press release
      announcing, among other things, anticipated revenue results for the
      fourth quarter of 2008.&#160;&#160;A copy of the press release is attached hereto
      as Exhibit 99.1.</font>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">In
      accordance with General Instruction B.2 of Form 8-K, the information
      under this Item in this Current Report on Form 8-K, including the
      related information set forth in Exhibit 99.1, shall not be deemed to be
      &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act of
      1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the
      liability of that section, and shall not be incorporated by reference
      into any registration statement or other document filed under the
      Securities Act of 1933, as amended, or the Exchange Act, except as shall
      be expressly set forth by specific reference in such filing.</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt">
      </font><font style="font-size: 10pt; font-family: Times New Roman"><b>Item
      2.05&#160;&#160;&#160;&#160;&#160;</b></font><b><u><font style="font-size: 10pt; font-family: Times New Roman">Costs
      Associated with Exit or Disposal Activities.</font></u></b>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Innodata
      Isogen, Inc. (the &#8220;Company&#8221;) determined on November 30, 2008 to reduce
      its workforce to achieve significant savings in operating costs. The
      Company subsequently informed the affected employees, and announced the
      reduction in a press release dated December 11, 2008.</font>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Approximately
      260 employees were terminated as a result. Thirteen of the terminated
      employees were based in the United States and Europe and the other
      terminated employees were based in Asia. The reduction affected 20% of
      total employment in the US and Europe, and 4% of total employment in
      Asia.</font>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">The Company
      will in the fourth quarter of 2008 record a one-time charge of
      approximately $500,000 for severance and other personnel-related
      expenses for the workforce reduction. Approximately 60% of these
      expenses will be paid in the fourth quarter of 2008. The balance will be
      paid in the first quarter of 2009.</font>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">The Company
      expects that the reduction in personnel should yield an estimated
      $600,000 pre-tax quarterly cost saving beginning in the first quarter of
      2009.</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt">
      </font><font style="font-size: 10pt; font-family: Times New Roman"><b>Item
      9.01&#160;&#160;&#160;&#160;&#160;</b></font><b><u><font style="font-size: 10pt; font-family: Times New Roman">Financial
      Statements and Exhibits.</font></u></b>
    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 15%">
          (d) Exhibits.
        </td>
        <td style="width: 85%">

        </td>
      </tr>
      <tr>
        <td style="width: 15%">

        </td>
        <td style="width: 85%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 15%">
          Exhibit No.
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 85%">
          Description
        </td>
      </tr>
      <tr>
        <td style="width: 15%">

        </td>
        <td style="width: 85%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; width: 15%">
          99.1
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 85%">
          Press release dated December 11, 2008.
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">

    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-family: Times New Roman; font-size: 10pt; text-align: center">
          2
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u><font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font></u>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the Registrant
      has duly caused this report to be signed on its behalf by the
      undersigned thereunto duly authorized.</font>
    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            INNODATA ISOGEN, INC.
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="2">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 15%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 5%">
          Date:
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 45%">
          December 11, 2008
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 5%">
          By:
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 30%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Steven L. Ford
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 30%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Steven L. Ford
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 30%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Executive Vice President
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 30%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            and Chief Financial Officer
          </p>
        </td>
        <td style="width: 15%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-bottom: 10pt; margin-right: 0pt; text-indent: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-family: Times New Roman; font-size: 10pt; text-align: center">
          3
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <u><font style="font-size: 10pt; font-family: Times New Roman">INDEX TO
      EXHIBITS</font></u>
    </p>
    <p style="text-align: center">

    </p>
    <div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%">
      <tr>
        <td valign="top" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; width: 10%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Exhibit No.
          </p>
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td valign="bottom" style="padding-left: 0.0px; border-bottom: solid black 1.0pt; text-align: left; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Description
          </p>
        </td>
        <td style="width: 35%">

        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
        <td style="width: 35%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; padding-right: 0.0px; white-space: nowrap; text-align: left; width: 10%">
          99.1
        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 50%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press release dated December 11, 2008.
          </p>
        </td>
        <td style="width: 35%">

        </td>
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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5851060_ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Innodata
      Isogen Announces Anticipated Q4 2008 Revenue Growth and Cost Reductions</b></font>
    </p>
    <p>
      NEW YORK--(BUSINESS WIRE)--December 11, 2008--<b>INNODATA ISOGEN, INC.
      (NASDAQ: INOD),</b> today announced that it anticipates fourth quarter
      revenues will be approximately $20 million, a 10% increase over revenues
      in the third quarter, and that revenue growth will continue in the first
      quarter of 2009.
    </p>
    <p>
      The company also announced that it is reducing its work force by
      approximately 260 employees, representing approximately 4% of its global
      work force. The company expects that the reduction will yield
      approximately $600,000 in quarterly operating cost savings beginning in
      the first quarter of 2009. Severance and other personnel related costs
      will&#160;approximate $500,000, which will be charged to operations in the
      fourth quarter and will be paid in the fourth quarter of 2008 and the
      first quarter of 2009.
    </p>
    <p>
      Jack Abuhoff, chairman and CEO, said, &#8220;We are taking a series of
      strategic actions intended to improve productivity and generate greater
      efficiency among both revenue-generating and non-revenue generating
      functions. At the same time, we are investing further in our editorial
      KPO services, content-related technology services and eBook services. We
      believe that these actions, taken together, will enable us to drive
      continued revenue growth and margin expansion in 2009.&#8221;
    </p>
    <p>
      <b>About Innodata Isogen</b>
    </p>
    <p>
      Innodata Isogen, Inc. <b>(NASDAQ: INOD) </b>is a leading provider of
      knowledge process outsourcing (KPO) services, as well as publishing and
      related information technology (IT) services.
    </p>
    <p>
      We work as a product development partner to our clients, helping them
      meet their content creation and publishing challenges. We provide
      outsourcing services that draw upon onshore and offshore resources,
      proven project management and highly engineered processes and tools. We
      also help our clients improve their internal business operations with
      process and systems engineering.
    </p>
    <p>
      Our clients include leading enterprises in information-intensive
      industries such as media, publishing and information services, high
      technology, manufacturing, aerospace, defense, law, government and
      intelligence. Recent honors include <i>EContent</i> magazine&#8217;s <u>EContent
      100</u>, <i>KMWorld</i> magazine&#8217;s <u>100 Companies That Matter</u>,
      the International Association of Outsourcing Professionals (IAOP) <u>Global
      Outsourcing Top 100</u>, D&amp;B India&#8217;s <u>leading ITeS and BPO
      companies</u> and the <i>Black Book of Outsourcing&#8217;s</i> list of
      leading outsourcing providers to the printing and publishing business.
    </p>
    <p>
      Headquartered in Northern New Jersey, Innodata Isogen has offices and
      operations in the United States, the Philippines, India, Sri Lanka,
      Israel, China and France.
    </p>
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    <p>
      <i>This release contains forward-looking statements that are made
      pursuant to the safe harbor provisions of the Private Securities
      Litigation Reform Act of 1995. The words &#8220;project,&#8221; &#8220;head start,&#8221;
      &quot;believe,&quot; &quot;expect,&quot; &#8220;should,&#8221; &quot;anticipate,&quot; &quot;indicate,&quot; &quot;point to&quot; and
      other similar expressions generally identify forward-looking statements,
      which speak only as of their dates.</i>
    </p>
    <p>
      <i>These forward-looking statements are based largely on the company's
      current expectations, and are subject to a number of risks and
      uncertainties, including without limitation, the primarily at-will
      nature of the company's contracts with its customers and the ability of
      customers to reduce, delay or terminate projects, customers are not
      contractually required to enter into or continue projects that the
      company regards as recurring, depressed market conditions, changes in
      external market factors, the ability and willingness of the company's
      clients and prospective clients to execute business plans which give
      rise to requirements for digital content and professional services in
      knowledge processing, difficulty in integrating and deriving synergies
      from acquisitions, potential undiscovered liabilities of companies that
      Innodata Isogen acquires, changes in the company's business or growth
      strategy, the emergence of new or growing competitors, various other
      competitive and technological factors, and other risks and uncertainties
      indicated from time to time in the company's filings with the Securities
      and Exchange Commission.</i>
    </p>
    <p>
      <i>Actual results could differ materially from the results referred to
      in the forward-looking statements. In light of these risks and
      uncertainties, there can be no assurance that the results referred to in
      the forward-looking statements contained in this release will occur.</i>
    </p>
    <p>
      CONTACT:<br>Innodata Isogen, Inc.<br>Steven L. Ford, 201-371-2510<br>Chief
      Financial Officer<br><u>sford@innodata-isogen.com</u>
    </p>
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