iLinc Receives Continued Listing Notice

  
    
  
  
    
      iLinc (AMEX: ILC), a leader in web conferencing and desktop video 
      conferencing software, received notification from the staff of the NYSE 
      Alternext on December 15, 2008, that iLinc did not meet certain of the 
      Exchange’s continued listing standards. The notice indicated that the 
      company is not in compliance with Section 1003(a)(ii) of the Exchange’s 
      listing standards since it had stockholders’ equity of less than 
      $4,000,000 and losses from continuing operations in three out of its 
      four most recent fiscal years. In the notice, the Exchange has deemed it 
      appropriate that the company effect a reverse stock split to address its 
      low stock price. Pursuant to the listing rules, iLinc is afforded the 
      opportunity to submit a plan of compliance to the Exchange by January 
      14, 2009, that demonstrates its ability to regain compliance by June 15, 
      2010. If the Company does not submit a plan or if the Exchange does not 
      accept the plan, then the company will be subject to delisting 
      procedures. The Company is investigating all options available to it.
    
    
      James M. Powers, Jr., President and Chief Executive Officer of iLinc, 
      said, “As many know, the American Stock Exchange merged with the New 
      York Stock Exchange and is now called the NYSE Alternext. So with 
      receipt of the notice from NYSE Alternext, we think it is appropriate to 
      pause and consider all options available to iLinc in light of current 
      stock market conditions. For some time now, iLinc has traded below what 
      we consider its true value, and recent overall stock market conditions 
      have exacerbated that condition,” continued Dr. Powers.
    
    
      “We continue to see increasing demand for our web and video conferencing 
      software, and see continued growth with our new SaaS subscription model. 
      We want to remain well-positioned to capitalize on iLinc’s true value 
      for the benefit of our shareholders and employees alike,” concluded Dr. 
      Powers.
    
    
      About iLinc Communications, Inc.
    
    
      iLinc, a recognized leader in web conferencing, desktop video 
      conferencing software and collaboration solutions, aims to revolutionize 
      the way organizations meet and communicate. Through its software and 
      services, iLinc liberates people by enabling them to get more done, 
      travel less, achieve work-life balance while preserving the environment. 
      iLinc offers the only enterprise-class web and video conferencing 
      software that allows customers to choose between a software-as-a-service 
      (SaaS) rental model or a traditional software purchase model, in 
      combination with hosting by iLinc or on-premise installation. iLinc is 
      headquartered in Phoenix, Arizona.
    
    
      This press release contains information that constitutes 
      forward-looking statements made pursuant to the safe harbor provisions 
      of the Private Securities Litigation Reform Act of 1995. Any such 
      forward-looking statements involve risk and uncertainties that could 
      cause actual results to differ materially from any future results 
      described within the forward-looking statements. Factors that could 
      contribute to such differences are disclosed in the Company’s annual 
      report on Form 10-K, quarterly reports on Form 10-Q, and other reports 
      filed with the Securities and Exchange Commission. The forward-looking 
      information provided herein represents the Company’s estimates and 
      expectations as of the date of the press release, and subsequent events 
      and developments may cause the Company’s estimates and expectations to 
      change. The Company specifically disclaims any obligation to update the 
      forward-looking information in the future. Therefore, this 
      forward-looking information should not be relied upon as representing 
      the Company’s estimates and expectations of its future financial 
      performance as of any date subsequent to the date of this press release.