Charity Dynamics Achieves Record First Quarter Growth, Increases Year-Over-Year Revenue by More Than 100 Percent

Increased demand for Charity Dynamics' innovative social networking application, Boundless Fundraising, contributed to the company's strong first quarter performance. Launched in late 2008, Boundless Fundraising is a simple and effective fundraising application that empowers nonprofits to mobilize social networking communities in support of their causes. The application helps event participants increase awareness, reach more donors, and more effectively support organizations in reaching their fundraising goals. For example, participants who used Boundless Fundraising leading up to the 2008 Komen Austin Race for the Cure generated more than three times as many donations as those who didn't use the application.