ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On March 1, 2009, Innotrac Corporation ("Innotrac") entered into the Seventh Amendment to the Loan and Security Agreement (the "Seventh Amendment") between Innotrac and Wachovia Bank, National Association (the "Bank"), to the Third Amended and Restated Loan and Security Agreement, (the "Loan Agreement") dated March 28, 2006 (as previously amended on July 24, 2006, November 14, 2006, April 16, 2007, June 29, 2007, September 28, 2007 and October 22, 2008).

The Seventh Amendment provides for the term of the Loan Agreement to be extended to March 31, 2009. No other terms of the Loan Agreement were effected.

The extension of thirty (30) days from the original termination date for the Loan Agreement was provided to allow final terms and conditions for a new loan and security agreement with Wachovia Bank to be determined and documented. However, there can be no assurance that a new agreement will be entered into before the extended termination date of the current Loan Agreement.

A copy of the Seventh Amendment is attached hereto as Exhibit 10.4(CC) and is incorporated herein by reference. The foregoing description of the Seventh Amendment does not purport to be complete and is qualified in its entirety by reference to such exhibit.

Information contained in this Form 8-K, other than historical information, may be considered forward-looking in nature. Forward-looking statements in this Form 8-K include our expectations for our finalization of and entrance into a new loan agreement. Forward-looking statements are subject to various risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Among the key factors that may have a direct bearing on Innotrac's operating results, performance or financial condition are competition, the demand for Innotrac's services, Innotrac's ability to retain its current clients and attract new clients, realization of expected revenues from new clients, the state of the telecommunications and direct response industries in general, changing technologies, Innotrac's ability to maintain profit margins in the face of pricing pressures, Innotrac's ability to finalize a new loan agreement and numerous other factors discussed in Innotrac's 2007 Annual Report on Form 10-K and other filings on file with the Securities and Exchange Commission. Innotrac disclaims any intention or obligation to update or revise any forward-looking statement whether as a result of new information, future events or otherwise.

Item 9.01 Exhibits

10.4 (CC) Seventh Amendment to the Loan and Security Agreement between Innotrac and Wachovia Bank, National Association, dated March 1, 2009

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