Convio Posts Record Annual Revenue, Positive Cash Flow and Profitability

Convio’s non-GAAP income from operations for fiscal year 2008 was $576,000. Non-GAAP income from operations excludes stock-based compensation expense, the write off of deferred stock offering costs and costs associated with amortization of intangibles arising from the acquisition of GetActive Software, Inc. Convio’s non-GAAP loss from operations was $5.4 million in fiscal 2007. The Company’s non-GAAP income from operations for the fourth quarter ended December 31, 2008 was $440,000. This compares with non-GAAP loss from operations of $1.1 million in the fourth quarter of 2007.