MERIGNAC, France, September 29 /PRNewswire/ --

- (Period From July 1st, 2007 to June 30th, 2008)

Cortix, the French Internet Site Creation Market Leader, is Announcing 
28.3 Million Euros in Annual Revenues, up 98%, Combined With Stronger Growth 
in its EBIT (+121%) and Net Income (+138%).

EUR'000    Jun 30, 2008(1)(2)     Jun 30, 2007(2)     Change      Jun 30, 
                                                                      2007(3)
          Consolidated % of revenues  Pro-forma   % of  Consolidated/        
                                               revenues  pro-forma  Corporate


    Revenues       28,267                14,293               +98%   14,059

    Other           1,227     4.3%        1,100     7.7%              1,511
    operating
    income

    TOTAL          29,494                15,393               +92%   15,569
    OPERATING
    INCOME

    Purchases       1,221     4.3%          296     2.1%                174
    consumed

    Other           6,437    22.8%        3,690    25.8%              5,060
    purchases and
    external
    expenses

    Tax               660     2.3%          253     1.8%                252

    Salaries and   15,470    54.7%        8,351    58.4%              7,537
    fringe
    benefits

    Depreciation    1,544     5.5%          863     6.0%                490
    and provisions

    Other expenses  1,467     5.2%          721     5.0%                721

    EBIT            2,694     9.5%        1,218     8.5%     +121%    1,335

    Financial        -142     0.5%          -27     0.2%                -39
    income and
    expenses

    INCOME FROM     2,551     9.0%        1,191     8.3%     +121%    1,297
    ORDINARY
    OPERATIONS
    BEFORE TAX

    Non-recurring    -218     0.8%            6     0.0%                  4
    income and
    expenses

    Corporate        -640     2.3%         -486     3.4%               -598
    income tax and
    profit-sharing

    CONSOLIDATED    1,693     6.0%          711     5.0%     +138%      703
    NET INCOME



(1) Currently being audited - (2) The consolidated and pro
forma accounts include Cortix and its subsidiaries (1st consolidation) as
well as the following companies: Gold Référencement, Proxitel Communication,
Proxitel Tunisie - (3) The parent company financial statements for Cortix SA
as presented at the end of the previous tax year.

- Excellent dynamic commercial development and strong growth in 
earnings

For the financial year ended June 30th, 2008, Cortix generated
28.3 million euros in revenues, up 98%. Over FY 2007-08, Cortix took on more
than 7,300 new clients for a four-year period. The Group's excellent dynamic
commercial development has been driven by the new agencies opened and the
significant technological and design improvements achieved in terms of its
offering. Created through Cortix's R&D, all of the technologies offered
provide each client with a unique site in line with their own specific image
and requirements, harnessing the latest internet innovations.

EBIT came to 2.7 million euros, representing an operating
margin of 9.5%, up 1 point in relation to the previous year. The improvement
in profitability ratios has been combined with a major investment plan
focusing on European expansion and the production of internet sites for its
clients. Over the year, Cortix started up commercial activities in nine new
agencies outside of France and established its legal presence in seven new
countries (Switzerland, Germany, Netherlands, Belgium, UK, Ireland and
Italy). The strengthening of the workforce, primarily the sales force and
production, has been accompanied by a high equipment rate. Throughout the
year, Cortix also consolidated its organization and further strengthened its
management structures. At June 30th, 2008, Cortix and its subsidiaries
employed 425 people, compared with 183 the previous year (+132%).

The many challenges met illustrate the Group's good
management. In this way, Cortix has successfully accelerated its
profitability set against strong growth, while significantly ramping up its
production capacities, with the number of sites produced multiplied by 2.5
over the year.

Consolidated net income is up 138% to 1.7 million euros (6%
net margin). As announced when the first-half earnings were released, net
margin growth was clearly stepped up (+4.5 points) over the second half of
the year, confirming the business model's strength.

- Strategies and outlook for FY 2008-09

For the current financial year, Cortix is forecasting growth
of over 70%. 12 to 14 new agencies are set to be opened over FY 2008-09 in
the European countries where Cortix has already started establishing its
presence. Anticipating a tight economic environment, the Group aims to have a
flexible development and recruitment plan in order to give itself the means
to continue optimizing its profitability.

In this way, Cortix is focusing on two key strategic areas:

    - Further strengthening its industrialization, and more specifically 
      optimizing its marketing and production processes in order to improve 
      productivity and processes, while harmonizing its actions;

    - Developing the value of its client base, with a particular focus on the 
      development of loyalty and monitoring actions.



For Hassane Hamza, Cortix's Chairman and Founder: "These results are in 
line with our ambitions and I am proud of my teams' achievements. This year, 
we have successfully risen to a number of challenges: agency openings, the 
adaptation of our offering in various European languages and the rapid 
ramp-up of our production tools... We have achieved all of this while 
offering a renewed, modern and aesthetic range in order to satisfy a growing 
number of clients while improving our margins. For the financial year that 
we started this summer, we are forecasting strong growth as well as our 
continued industrialization, which notably offers the main drivers for 
improving our profitability".

Since 1999, Cortix has been helping businesses to have a user-friendly, 
reliable and high-performance internet site in total simplicity, thanks to 
a simple packaged offering, enabling its clients to benefit from a complete 
online marketing tool.

Cortix's success is founded on a complete solution, designed to make it 
easier for very small businesses to open up to the internet: i simplifying 
access: offering financing, hosting and referencing i simplifying creation: 
effective process for designing personalized internet sites i simplifying 
relations: maintenance and update contract based on an ergonomic interface.

Today, Cortix is heading up over 12,300 active internet sites, confirming 
the strength of its business model: industrialization of client acquisition 
and internet site production processes, optimization of costs and outsourcing 
of low value-added services.

Cortix is listed on Alternext and is classed as an "innovative business" 
by Oséo Anvar (eligible for innovation mutual funds). FR0010459081-ALCTX

Contacts:

    Calyptus                 Cortix                    Arkeon Finance
    Marie Ein                Hassane Hamza             Stéphane Deramaux
    Financial Communication  Chairman and Chief        Listing sponsor
                             Executive Officer 
    T: +33-1-53-65-68-66     T: +33-892-700-655        T: +33-1-53-70-50-00                      
    cortix@calyptus.net      finance@cortix.fr