CHICAGO, Aug. 17 /PRNewswire-FirstCall/ -- eNucleus, Inc. (OTC Bulletin Board: ENUI - News), a next generation application company that delivers proprietary software solutions via license and managed hosting for middle market healthcare, education, distribution, insurance and financial services industries, today reported its financial results for the quarter ended June 30, 2004. Revenues for the quarter were $825,469, an increase from $226,553 for the same period in 2003. Net income for the quarter was $374,434 or $0.02 per share up from a net loss of $(245,493) or $(0.01) per share in the period ended June 30, 2003.
Revenues for the six months ended June 30, 2004 increased $1,016,000 or 232% to $1,453,826, from $438,367 in the six months ended June 30, 2003. Net income for the first six months of 2004 were $597,481 or $0.04 per share, up from a net loss of $(541,440) or $(0.01) per share for the same period in 2003.

In June, eNucleus acquired the TakGroup, a provider of comprehensive Internet-enabled supply chain management tools for producers, suppliers and distributors of gasoline and diesel motor fuels, lubricants and refined products. TakGroup's supply chain network solutions include: TakNet, a customized Private ***********work (PTN) for major petroleum companies and OEMs, TakLink, an integrated platform for marketers and TakBiz, an integrated platform for utilities.

As a result of increased prices and volatility in the petroleum market the TakGroup's flexible, cost effective trading environment is increasingly important to petroleum producers, suppliers and distributors. The company recently teamed with Summit Software, a provider of accounting and inventory management software to the petroleum industry. The new partnership will provide customers with the ability to fully integrate customer records, product lists and pricing data in real time. The TakGroup's current customers include CITGO Petroleum, Chevron, ExxonMobil, Detroit Diesel and increasingly, fleets and large commercial customers have begun using the PTN.

John Paulsen, Chairman and CEO of eNucleus said, "The Company's continued profitability, for the third consecutive quarter, is a testimonial to the success of our business strategy. We continue to focus on becoming a recognized leader in application delivery and managed IT services within our key markets."

About eNucleus

eNucleus (http://www.eNucleus.com ) is a next generation application company that delivers robust software solutions to companies within the healthcare, education, distribution, insurance and financial services markets. The seamless and immediate exchange of critical business information provided by our software solutions allows our clients to run their businesses with maximum efficiency and profitability.

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