IFUL Insightful Corp (MM)

Insightful Corporation (NASDAQ:IFUL), a leading provider of predictive analytics and reporting solutions, announced today that the National Cancer Institute has awarded Insightful two initial contracts worth approximately $185,807 to develop advanced bioinformatics software for analysis and evaluation of proteomic cellular signatures in cancer prevention research. These projects have been funded in whole or in part with Federal funds from the National Cancer Institute, National Institutes of Health, Department of Health and Human Services under Contracts No. HHSN261200533002C and HHSN261200533003C. "Biomarker discovery research for early cancer detection constitutes one of the most promising fields in cancer research today," said Dr. Jill R. Goldschneider, research director of Insightful. "We are honored to be recognized by the National Cancer Institute for our technology solutions and to be awarded this prestigious contract." The advanced bioinformatics software will utilize Insightful's S-PLUS(R) 7 and S+ArrayAnalyzer(R) products. S-PLUS 7 is a sophisticated software platform for statistical data analysis and predictive analytics. S-PLUS 7 supports analysis of very large data sets and the rapid development of analytic applications that integrate advanced statistical methods within existing business processes. S+ArrayAnalyzer is a statistically rigorous and highly-adaptable microarray analysis software product designed to enable powerful yet simple analyses of complex microarray data. Insightful expects its combined software solution for the National Cancer Institute to provide a comprehensive toolset for assessing data quality and creating state-of-the-art graphics. The initial contracts call for Insightful to address the challenges in preprocessing mass spectrometry data. Insightful's proposed bioinformatics solution will include calibration, denoising, baseline detrending, intensity normalization, peak detection, alignment, feature selection and extraction. Funding from the award will be recorded in the company's financial statements as a reduction to research and development expense. ABOUT INSIGHTFUL Insightful Corporation (NASDAQ:IFUL) is a provider of predictive analytics and reporting solutions. Insightful products S-PLUS(R), Insightful Miner(TM), S-PLUS(R) Server and InFact(R) allow companies to perform sophisticated statistical data analysis, data mining and create high-quality graphics from numeric and text data. Insightful consulting services provide specialized expertise and proven processes for the design, development and deployment of customized solutions. The company has been delivering industry-leading, high-ROI solutions to thousands of companies in financial services, life sciences, biotechnology, telecommunications, and manufacturing, plus government and research institutions for more than 18 years. Headquartered in Seattle, Insightful has offices in North Carolina, France, Switzerland, and the United Kingdom, with distributors around the world. For more information, visit www.insightful.com, email info@insightful.com or call 800-569-0123. Note to Investors -- Forward Looking Statements This press release contains forward-looking statements, including statements about the expected performance of software we intend to create under these contracts. Forward-looking statements are based on the judgment and opinions of management at the time the statements are made. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements. Actual results could differ materially from those expressed or implied by the forward-looking statements for a number of reasons, including, without limitation, the risk that our new software does not perform as designed. More detailed information regarding these and other factors that could affect actual results is set forth in our filings with the Securities and Exchange Commission, including our most recent Quarterly Report on Form 10-QSB. You should not unduly rely on these forward-looking statements, which apply only as of the date of this release. We undertake no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of anticipated events.