Adtegrity.com Reports 2009 Results
GRAND RAPIDS, Mich., Feb. 24 /PRNewswire-FirstCall/ -- Adtegrity.com (Pink Sheets: ADTY), a Grand Rapids, Mich.-based company specializing in Internet advertising networks and services, today reported its results for its fourth quarter and full year ended December 31, 2009.
Adtegrity's audited full-year results included net income of $139,415 on net revenues of $11.38 million, compared with net income of $251,371 on total net revenues of $15.7 million in 2008.
"The significant slowdown in the fourth quarter allowed us to retool and better meet market needs as we seek to evolve into a multi-platform buying partner for larger advertisers as well as image-sensitive brands," said Adtegrity.com President and CEO Scott Brew. "Our 2010 goals will focus on developing proprietary tools to improve performance and enhance transparency for our advertiser partners."
Adtegrity reported serving more than 62.5 billion ad impressions during 2009, generating nearly 16.4 million new customers for Adtegrity.com advertisers.
The Company also announced that it will relocate in May to the newly constructed building of mixed-use commercial and retail spaces located at 38 Commerce in downtown Grand Rapids. The facility will accommodate the company's current staff and enable further expansion for the company's future growth.
Adtegrity.com's primary business is the delivery of interactive advertising and marketing services. Since its founding in 1999, the Company has established itself as a results-driven, customer-focused firm providing consistent quality to the top advertising brands online. Adtegrity currently delivers billions of advertisements across thousands of top-tier websites each month. For more information, visit www.adtegrity.com.
Forward-Looking Statements: This news release may include certain forward-looking statements including, but not limited to, projections of revenue, income or loss and capital expenditures, statements regarding future operations, financing needs, plans relating to products or services of the Company, assessments of materiality, predictions of future events and the effects of pending and possible litigation, as well as assumptions relating to the foregoing. In addition, when used in this discussion, the words "anticipates," "believes," "estimates," "expects," "intends," "plans," "should," and variations thereof and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the Company's ability to manage rapid growth as a result of internal expansion and strategic acquisitions, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, the regulatory environment, fluctuations in operating results and other risks.