Adtegrity.com Reports 2011 Results
GRAND RAPIDS, Mich., Feb. 15, 2012 /PRNewswire/ -- Adtegrity.com (Pink Sheets: ADTY), a Grand Rapids, Mich.-based company specializing in Internet advertising networks and services, today reported its results for the year ended December 31, 2011.
Adtegrity's audited full-year results included net income of $419,564 on net revenues of $12.87 million, compared with a loss of $42,810 on net revenues of $11.06 million in 2010. The loss in 2010 was due to a write-down of $407,000 in non-performing assets, primarily related to real estate.
"The social space is growing at a rapid rate and consumers are continuing to make the shift to online engagement," said Adtegrity.com President and CEO Scott Brew. "We are happy with the results in 2011 and are looking forward to building on our momentum in 2012."
Adtegrity reported serving more than 30 billion ad impressions during the fourth quarter, resulting in tens of millions of clicks for Adtegrity.com advertisers.
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.