Adtegrity.com Reports Second Quarter Results
GRAND RAPIDS, Mich., Aug. 18 /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 the second quarter ended June 30, 2010.
The Company's unaudited results included net income of $73,861 for the second quarter on net revenues of $2.59 million, compared with a net income of $66,750 on net revenues of $2.79 million for the same quarter last year.
"We are looking forward to the second half of 2010 as Adtegrity shifts its operations to a new structure using three different bidding platforms (exchanges), which we expect will increase efficiency across the entire company," said Adtegrity.com President and CEO Scott Brew. "We have also completed the move of our headquarters to downtown Grand Rapids, and are optimistic regarding our ability to return to a growth mode in the next 12 months."
Adtegrity reported serving more than 15 billion ad impressions during the second quarter with 25 million click-throughs and 560,000 conversion events.
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.