We are very excited about becoming an integral part of Beyond Commerce
Henderson, Nev. (PRWEB) May 26, 2010
Beyond Commerce, Inc. (http://www.beyondcommerce.com ) (OTC BB: BYOC.OB) today announced the signing of a Letter of Intent to acquire WebYES! LLC. (http://www.webyes.com). The Board of Directors of both companies has approved the acquisition and the transaction is anticipated to close within the next 30 business days.
WebYES! owns and operates a network of high-traffic web properties focused on finance, insurance, automotive products and services. The web properties contain advice for consumers and offer a variety of specialized products and services to suit their needs. With over 2,000 web publishers driving targeted traffic to its organic web properties, WebYES! connects interested consumers with nationwide advertisers.
In 2009 WebYES! had $19.5 million in revenues and $3.5 million of EBITDA. Currently, WebYES! is exceeding last year’s revenues in a year-to-date comparison. In the first quarter of 2010, WebYES! had over 2,000,000 unique visitors to web sites such as http://www.zipinsurancerates.com, http://www.fastcashmatch.net, http://www.debtmatch.net, http://www.findyourcustomers.com, and http://www.aplusautoprotection.com , and has generated over 400,000 targeted customers.
“We are very excited about becoming an integral part of Beyond Commerce,” states Brett Cravatt, CEO and Founder of WebYES!. “In order to further improve our lead quality and results for our advertisers, we will leverage the proprietary customer acquisition platform that Beyond Commerce has acquired through its recent purchase of AdJuice (http://www.adjuice.com).”
“We look forward to working closely with the seasoned management team at Beyond Commerce in order to build a large portfolio of highly valuable Internet assets,” adds Cravatt. “Working together will allow us to leverage each others’ efficiencies and strengths, thereby leading us towards the realization of maximum value for consumers as well as our advertisers.”
Today, the Internet accounts for approximately 20 percent of overall media consumption in the United States, but advertisers invest only 7.5 percent of their budget online. As a result, there is tremendous upside potential for marketplace growth as advertisers steadily bridge the gap.
By 2011, nearly 25 percent of all media consumption will be online, drawing 15 percent of total advertising dollars. According to the Yankee Group, the online advertising market is expected to reach $50.3 billion in revenue by 2011 in the U.S. alone, more than doubling year 2007 levels. This 24 percent annual growth trend is expected to continue as brands increase online ad expenditures and publishers improve ad targeting, inventory and yield management.
“To capitalize on this vast opportunity, Beyond Commerce has repositioned itself as a media company as well as a technology e-commerce platform provider,” states Beyond Commerce CEO Robert McNulty. “We are currently in discussions with several other media companies involved in mobile ad networking, online advertising and local advertising. These discussions could result in potential acquisitions totaling as much as $100 million in combined annual revenues, which would also include all the benefits and advantages of bringing together a number of experienced executives and professionals to manage and operate this exciting new combined entity.”
“We believe there are numerous market segments in the ad networking, online advertising and local advertising space industries which are extremely fragmented,” McNulty notes. “There is a tremendous amount of potential for unlimited growth opportunities for companies with a successful roll-up strategy.”
About Beyond Commerce, Inc.
Beyond Commerce, Inc. is a multi-faceted business serving as an e-commerce solution for high traffic web properties. We are a leading media company in the Ad Networking, Online Advertising, Lead Generation and Local Advertising marketplace. For more information visit http://www.beyondcommerce.com .
About WebYES!, LLC
WebYES! is an online media and marketing services company. The Company combines its Web site development and lead generation services with broad distribution that it receives through its list management services and web publisher ad network, to help marketers create demand for their products and services, attract visitors to their online sites, and generate sales through the Internet. WebYES! is a vertically-integrated online marketing organization, providing a one-stop solution for all of its clients’ online customer acquisition objectives. WebYES! develops targeted web sites across select industry verticals that generate qualified customer inquiries for an advertiser’s products or services. The Company’s advertising customers pay WebYES! when an online consumer completes a transaction, providing a purely-aligned, performance-based business model. For more information visit http://www.webyes.com.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting Beyond Commerce, Inc. operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
Beyond Commerce, Inc.
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