Diligent Board Member Services, Inc. (Diligent) is engaged in Web-based portals for Boards of Directors. It develops and sells an online software application called Diligent Boardbooks, a Web-based portal that board members, management and administrative staff use to compile, update, review and archive board materials before, during and after board meetings. It provides clients with subscription-based access to the software and also provides associated services including securely hosting the clients� data and customer service and support for the application. It uses the Software-as-a-Service model to distribute its Diligent Boardbooks application to the market and maintain the security and integrity of its clients� data. In this model, it offers annual renewable subscriptions for customer access to its Boardbooks product which is hosted on the Company�s secure servers, and offers a complete suite of related services including training, support, data migration and data security/backup.