Flipping PDFs for Cash

Numerator to Part with the First of Its PDF Solutions : Factorial
NEW YORK--(Business Wire)--
Numerator LLC, a supplier of cost-reducing software, announced today that its
Factorial solution will be sold in July 2009. Factorial converts PDF or ASCII
documents to XLS with high first-pass accuracy. Interest is growing in data
extraction tools as demand increases for cost-savings.

Factorial`s application is available through a web service, and can be trialed
now. Its sourcecode can be studied anytime until it is sold.

"numerator approached the formidable problem of PDF conversion and beat it,
twice," said numerator CEO Steve Lander. "Each of our PDF conversion solutions -
Factorial and FrogForm - convert broad suites of PDFs to XLS with high accuracy.
Factorial`s code will be sold to spur anticipated growth in FrogForm, and will
bring data integrity and cost control to its new owner. We expect interest to be
abundant."

"It`s rare for a firm to sell its smarts to a would-be competitor but this must
be seen in a broader context" continued Mr. Lander. "We`ll take the lead
developing the multi-billion dollar market for PDF and ASCII conversion. The new
owner of Factorial - be it a business process outsourcer, an IT firm or a
multinational - may join us in building awareness that there are more
cost-effective methods to obtain data than to rekey and use a grab-bag of
technologies."

Firms bidding can access Factorial details here. Factorial is the first chance
to purchase PDF extraction code since Xinhua purchased Praedea in 2006.

Factorial factsheet

Background : Factorial is owned & operated by numerator LLC. The codebase is
tightly integrated and generously commented (4,500 of 15,000 lines).

Features

* Converts PDF or ASCII documents, across a broad range of structures and
languages
* Identifies, extracts and renders tables to XLS or HTML
* Employs standard Microsoft components ; maintains a tiny footprint
* Converts a 1.5MB input file each second, on a standard PC
* Can selectively extract tables based on keyword search

Participants: Factorial should attract five types of bidders.

BPOs : The business process outsourcing (BPO) industry is growing without
profit. Annual revenues and growth exceed $100b and 15% respectively. But
participants suffer from industry fragmentation and labor cost inflation. Access
to data is at the core of a BPO; improvements in IT magnify its earnings.

Investors: Google Book Search is pushing new data loads onto the consumer; data
extraction is next. Demand for, and valuation of, data extraction software
should grow as the global downturn intensifies.

IT firms: Rolling out a high-volume, transaction-based PDF extraction service to
BPOs, OCRs and multinationals can be done at low cost. Data extraction is ideal
for software firms building relevance to high-volume customers.

Multinationals: Pinched revenues lead to new demands for IT solutions. Ones that
already work, are applicable to large expense line items, and can deliver edge
through ownership and ongoing development.

OCRs : Providers of optical character recognition require extension into BPO
business (paper through to database). Clever data extraction software paves the
way for this extension.

For technicals of Factorial plus samples, access Factorial`s webpage.

About Numerator LLC: Since 2003, numerator has been operationally-funded,
privately-owned and based in New York. Both its solutions - FrogForm and nuFed -
are owned & operated by numerator, and address large and expensive issues for
major firms. Numerator enables decisions of executives with high standards and
little time.

Numerator LLC
Andrea Norrito, 1 800-459-6448
andreanorrito@numerator.us

Copyright Business Wire 2009