Adtegrity.com Reports First Quarter Results
GRAND RAPIDS, Mich., May 18, 2011 /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 first quarter ended March 31, 2011.
The Company's unaudited results included net income of $110,000 for the first quarter on net revenues of $2.91 million, compared with a net income of $7,038 on net revenues of $2.49 million for the same quarter last year.
"We are pleased with our performance for the first quarter and believe we are effectively executing our overall growth plans for 2011," said Adtegrity.com President and CEO Scott Brew. "Through March we are on track to reach our projected goals for the year. Industry trends remain encouraging, and we look forward to continuing our momentum in the months ahead."
Adtegrity reported serving more than 20.2 billion ad impressions during the first quarter, generating nearly 40 million clicks and 1.3 million conversion events 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.