Juma Reports First Quarter 2010 Earnings

FARMINGDALE, NY--(Marketwire - May 13, 2010) - Juma Technology Corp. (OTCBB: JUMT), a leading IP Convergence firm specializing in managed services, today reported financial results for the first quarter ended March 31, 2010.

Operating Results:

Revenues for the three months ended March 31, 2010 decreased $2,336,647 or 50% to $2,312,905, compared with revenues of $4,649,552 for the three months ended March 31, 2009. Research and development expenses decreased by $86,002 or 64% to $47,356 for the three months ended March 31, 2010, compared to $133,358 for the three months ended March 31, 2009. The Company incurred a net loss of $3,611,510 for the three months ended March 31, 2010 compared to a net loss of $7,003,527 for the three months ended March 31, 2009. Nectar generated a net loss of approximately $633,000 for the three months ended March 31, 2010.

"Our business has been affected by weak economic conditions and the vestiges of economic crisis, especially in the core markets that we focus on. We remain confident in our company and its people, and are witnessing improvements as both our company and our clients emerge from this down economy. We fully anticipate stronger growth in the months ahead," said Anthony M. Servidio, Chief Executive Officer for Juma.

Anthony Fernandez, Chief Financial Officer for Juma said, "Our conservative management approach has helped us maintain our margins and control costs, but the economy continues to be a burden on our business."

About Juma (www.jumacorp.com)

Juma Technology Corp. provides advanced IP Convergence solutions that integrate voice, data and video applications. Juma's IP Convergence solutions enable companies to increase productivity, enhance mobility and create significant cost savings. Juma has been recognized as an industry leader in providing integrated business communications and services, helping customers leverage network convergence to achieve their business goals. Nectar Services Corp. (www.nectarcorp.com), an IP communications and management services provider, is a wholly owned subsidiary of Juma and represents the company's services division. The Nectar suite of services delivers real business solutions to help companies mitigate risk, centralize systems management and dramatically reduce telecom expenses. Follow us on Twitter: www.twitter.com/jumatech.

Forward-Looking Statements

Historical results and trends should not be taken as indicative of future operations. Management's statements contained in this report that are not historical facts may be forward-looking statements under the Private Securities Litigation Act of 1995. Actual results may differ materially from those included in the forward-looking statements. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," "prospects," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on the operations and future prospects of the Company on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, significant restructuring and acquisition activities, and generally accepted accounting principles. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Further information concerning the Company and its business, including additional factors that could materially affect the Company's financial results, is included herein and in the Company's other filings with the SEC.

                  Juma Technology Corp. and Subsidiaries
                  Condensed Consolidated Balance Sheets

                                                   March 31,   December 31,
                                                      2010        2009
                                                  (Unaudited)   (Audited)
                                                  -----------  -----------

ASSETS
Current assets:
Cash                                              $ 2,314,930  $   961,001
Accounts receivable, (net of allowance of
 $206,653 and $213,471, respectively)               1,927,931    2,175,034
Inventory                                             157,288      161,770
Prepaid expenses                                       32,353       26,837
Other current assets                                  133,889      133,889
                                                  -----------  -----------
    Total current assets                            4,566,391    3,458,531
                                                  -----------  -----------

Fixed assets, (net of accumulated depreciation of
 $928,147 and $827,839, respectively)               1,134,697    1,224,120

Other assets                                          221,554      248,509
                                                  -----------  -----------
    Total assets                                  $ 5,922,642  $ 4,931,160
                                                  ===========  ===========

LIABILITIES AND STOCKHOLDERS' DEFICIENCY
Current liabilities:
Notes payable                                     $   297,951  $   297,486
Convertible notes payable, (net of discount of
 $806,280 and $604,435, respectively)              14,723,079   12,099,346
Current portion of capital leases payable             139,998      174,115
Accounts payable                                    2,115,520    2,022,532
Accrued expenses and taxes payable                  1,825,010    1,685,810
Deferred revenue                                       15,564       76,174
                                                  -----------  -----------
    Total current liabilities                      19,117,122   16,355,463

Capital leases payable, net of current maturities      13,878       25,466
Notes payable                                               -            -
Convertible notes payable, (net of discount of
 $14,725 and $0, respectively)                        636,506      700,000
                                                  -----------  -----------
    Total liabilities                              19,767,506   17,080,929
                                                  -----------  -----------

Commitments and contingencies

Stockholders' deficiency
Series A Preferred stock, $0.0001 par value,
 8,333,333 shares authorized, 8,333,333 shares
 issued and outstanding, respectively                     833          833
Series B Preferred stock, $0.0001 par value,
 1,666,667 shares authorized, 1,666,500 and
 1,666,500 shares issued and outstanding,
 respectively                                             167          167
Series C Preferred Stock, $0.0001 par value,
 10,000,000 shares authorized, no shares issued             -            -
Common stock, $0.0001 par value, 900,000,000 shares
 authorized, 46,468,945 and 46,468,945 shares
 issued and outstanding, respectively                   4,646        4,646
Additional paid in capital                         33,921,009   32,901,105
Warrants                                            4,051,656    3,155,145

Retained deficit                                  (51,823,175) (48,211,665)
                                                  -----------  -----------

    Total stockholders' deficiency                (13,844,864) (12,149,769)
                                                  -----------  -----------
    Total liabilities and stockholders'
     deficiency                                   $ 5,922,642  $ 4,931,160
                                                  ===========  ===========




                  Juma Technology Corp. and Subsidiaries
             Condensed Consolidated Statements of Operations
                   For the three months ended March 31,

                                                   March 31,    March 31,
                                                      2010         2009
                                                  -----------  -----------
Sales                                             $ 2,312,905  $ 4,649,552
Cost of goods sold                                  1,708,112    3,324,460
                                                  -----------  -----------
Gross margin                                          604,793    1,325,092
                                                  -----------  -----------

Operating expenses
Selling                                               505,900      375,816
Research and development                               47,356      133,358
General and administrative                          1,681,701    1,478,679
                                                  -----------  -----------
Total operating expenses                            2,234,957    1,987,853
                                                  -----------  -----------

(Loss) from operations                             (1,630,164)    (662,761)

Amortization of discount on notes                  (1,558,754)    (430,545)
Interest (expense), net                              (417,514)    (307,866)
                                                  -----------  -----------

(Loss) before income taxes                         (3,606,432)  (1,401,172)
(Benefit)/Provision for income taxes                    5,078        2,915

                                                  -----------  -----------
Net (loss)                                        $(3,611,510) $(1,404,087)
Deemed preferred stock dividend                             -    5,599,440
                                                  -----------  -----------
Net (loss) attributable to common shareholders    $(3,611,510) $(7,003,527)
                                                  ===========  ===========

Basic and diluted net (loss) per share            $     (0.08) $     (0.15)
                                                  ===========  ===========
Weighted average common shares outstanding         46,468,945   46,343,945
                                                  ===========  ===========

Contact Information: CONTACT: Melissa J. Nacerino 646-291-8264