CloudBench Applications Announces Results for Second Quarter 2009

August 12, 2009, Vancouver, BC – CloudBench Applications, Inc. (formerly Municipal Solutions Group, Inc, (TSX-V: CBH) ("CloudBench" or the "Company") today announced its financial results for the three months ending June 30, 2009. Revenue related to BasicGov, the Company’s web-based software, increased to $69,889 in the first quarter from $26,844 in the same quarter of the prior year.

David Roberts, President and Chief Executive Officer of CloudBench, commented, "We are excited by the growth in our revenues and we’ve increased our expenditures on marketing, sales and customer implementation to maintain this growth. We believe that our web-based BasicGov software has strong appeal to cost-conscious local governments. We expect the recent endorsement of cloud computing and e-government by the U.S. Federal Government will increase attention on Software-as-a-Service products like BasicGov that streamline government processes while cutting costs."

At June 30, 2009 the Company’s cash position was $416,054. The Company has a net holdback receivable of $713,570 comprised of two holdback amounts that are related to the sale to Harris of the CityView business in 2008. Under the terms of the sale agreement, the Company may be required to make a payment of a material amount with respect to the first holdback before the second holdback is due in January 2010. If such a payment to Harris is required, management believes that with the continued financial support of our largest shareholder the Company will have sufficient capital resources to meet its operating requirements and to finance its projected growth in the near term.

Due to the sale of the on-premises business of CloudBench on July 18, 2008, comprising the CityView product offering, the comparison of operating results to the prior period is not meaningful since the operating results of the former business are no longer part of CloudBench’s operations. Net loss for the quarter was $183,868 or ($0.01)/share compared to a loss for the same period in the prior year of $292,107 or $(0.01)/share.

The following is the Consolidated Statements of Operations, Comprehensive Earnings (Loss) and Deficit for the quarters ended June 30, 2009 and 2008. A complete set of financial statements and analysis is available at www.sedar.com.

Read the entire release - http://www.marketwire.com/press-release/Cloudbench-Applications-Inc-TSX-VENTURE-CBH-1031613.html

About BasicGov
BasicGov Systems, Inc. (TSX Venture: BSG) develops, sells and supports web-based software, also known as Software as a Service (SaaS), for local governments throughout North America. BasicGov software suite includes: Permits & Inspections; Code Enforcement; Licensing; Planning; and Citizen Portal. The software allows cities and local governments to improve productivity and provide better services to citizens by streamlining and automating processes in its community development to achieve smart growth and sustainability goals. To help small or large government agencies lower IT costs BasicGov has an aggressive SaaS subscription pricing model. BasicGov has partnered with Salesforce.com and its Force.com cloud computing platform used by more than 55,000 organizations worldwide to deliver industry leading performance, security and scalability to government customers.
www.basicgov.com

CloudBench Applications, Inc. President & CEO: David Roberts
info@basicgov.com, 1.877.256.8385

Media contact: Susan Kirk
susan.kirk@basicgov.com, 1.604.315.9959

Sales contact: Roula Fredrikson
roula.fredrikson@basicgov.com, 1.866.999.1846