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Aladdin Systems Holdings, Inc. announced last week (before "the lights went out in Georgia") financial results for the second quarter of 2003. Net revenues increased 10% to $1.83 million in the three months ended June 30, 2003 compared to $1.67 million in the same period in 2002. The Company's Aladdin Systems subsidiary was profitable for Q2 2003 although the Company had a loss of ($246,015) or ($0.02) per basic and diluted share, due to continued costs for the Aladdin Enterprise Solutions subsidiary.

For the six months ended June 30, 2003, the Company's subsidiary, Aladdin Systems, Inc., had a net income of $127,344 compared to a loss of ($55,542) in the same period in 2002.

"Our new Internet software and Ten for X product suites are opening up new markets and gaining customer attention," said Jonathan Kahn, CEO of Aladdin Systems Holdings. "We are happy with the progress Aladdin Systems has made this first half of the year and hope to continue that momentum."

Aladdin Systems shipped a new version of Spring Cleaning and iClean 6.0, and two new products for the Macintosh platform this quarter: Internet Cleanup (blocks banner ads and stops pop ups) and Ten for X Utilities, Volume 2, which includes the popular Spamfire, anti-spam software.

In other news, Aladdin won the ICE (Internet Commerce Excellence) award from Digital River in recognition for its best product launch for StuffIt in 2003, gaining a 143% revenue increase in just one month. Aladdin Systems, Inc. also entered a partnership with SwiftCD to deliver, for the first time, on-demand, custom trial CDs to Aladdin customers. And, in international news, Aladdin signed on a new UK distributor, Koch Media, to expand sales of its PC software line. Aladdin also announced its new online store for Japanese customers, serving its software directly to Japanese consumers.

"We are focused on expanding opportunities and are actively looking into new products and technologies to grow our markets," continued Kahn. "But we are still cautious about the overall economic outlook for the industry and remain diligent in controlling costs."