Article: Magnitude Announces Proxy Vote Results.(Financial report)

Magnitude Information Systems, Inc. (Magnitude) (BULLETIN BOARD: MAGY) announced the following developments concerning its recent shareholder voting proxy results, completed January 29, 2009 (see also Magnitude Information Systems, Inc.).

Over 98% of the votes cast by shareholders approved an increase in the number of authorized common shares available for corporate actions. "Except as previously disclosed," stated Rudolf Hauke, Magnitude's President and Chief Executive Officer, "we have no present intentions to issue any material amount of common shares." "With this increase, however," continued Mr. Hauke, "Magnitude will be in a position to develop an incentive ...

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