Marina Del Rey, CA (PRWEB) February 14, 2005
Company Builds on Nine Consecutive Quarters of Double-digit Sequential Quarterly Revenue Increases. Leading online marketing firm InfoSearch Media (ISHM) announced today that it continues to generate strong revenue growth as a result of growing adoption of its content-based internet marketing solutions. The company, which generates proprietary content to generate cost-effective Internet traffic for approximately 4,300 clients, fueling revenue growth of over 600% for the first nine months of 2004 versus the same period in the previous year. The company has generated nine consecutive quarters of double-digit sequential revenue growth.
The company generated revenue of approximately $2.3 million for the 2004 nine-month period, versus $321,760 for the 2003 comparable period. In addition, InfoSearch Media reported $6.8 million in deferred revenue, which represents pre-paid commitments to purchase advertising, an increase of over 270% versus deferred revenue of $1.8 in 2003. The company had 3,566 clients at the end of the 2004 third quarter, versus 943 at the end of the same period in 2003.
"As a result of the increase in demand for pay-for-performance internet advertising solutions, we continue to see strong growth in our business" said InfoSearch Media CEO Steve Lazuka. "At a time when competition is increasing in the internet services sector, our ability to provide unique value-added content differentiates InfoSearch Media from other providers of marketing services."
About InfoSearch Media:
InfoSearch Media (http://www.infosearchmedia.com) is a leading provider of content based, cost-effective search engine marketing services. InfoSearch Media maintains a network of over 200 professional writers that contribute to its online network of informative content leveraged to generate highly qualified traffic for its clients. The company also provides web analytic software and other tools to help online marketers analyze their site visitors and improve their return on investment. There are currently over 4,500 clients receiving traffic from the company's network of over 200,000 articles. InfoSearch Media's clients include Netflix, MatchNet, Pitney Bowes, and Price.com.
InfoSearch Media owns and operates a popular destination site at http://www.articleinsider.com. ArticleInsider is a collection of informative articles written by industry experts and enthusiasts covering a wide variety of popular topics. Internet users can visit the ArticleInsider network in order to review related articles, talk with others about specific subjects through online forums, and explore related websites. InfoSearch Media plans to continue to expand upon its 250,000-page network as it continues to build its client base.
This information should be read along with the company's consolidated financial statements for the years ended December 31, 2002 and 2003 and the nine months ended September 30, 2004 and the related notes thereto in its current report on Form 8-K/A filed on February 11, 2005 with the SEC. This press release includes forward looking statements, including the Company's expectations regarding its ability to develop and access capital markets and its ability to achieve expected results in the Internet search industry. The forward looking statements are identified through use of the words "potential," "anticipate," "expect," "planned" and other words of similar meaning. These forward-looking statements may be affected by the risks and uncertainties inherent in the search industry and in the Company's business. The Company cautions readers that certain important factors may have affected and could in the future affect the Company's beliefs and expectations and could cause the actual results to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.
Source: InfoSearch Media
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Steve Lazuka, 440-285-3773
CEOcast, Inc. for InfoSearch Media
Ed Lewis, 212-732-4300