Adtegrity.com Reports Second Quarter Results
GRAND RAPIDS, Mich., Aug. 26 /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, 2009.
The Company's unaudited results included net income of $66,750 for the second quarter on net revenues of $2.79 million, compared with a net income of $101,000 on net revenues of $4.5 million for the same quarter last year.
For the first half of 2009, Adtegrity.com has posted net income of $109,750 on net revenues of $5.4 million, compared with net income of $135,000 on net revenues of $8.9 million for the first half of 2008.
"While the overall economic outlook remains uncertain, the online advertising market is quite stable," said Adtegrity.com President and CEO Scott Brew. "Our net income and net revenues grew from the first quarter of this year, and we believe we are well positioned for the reminder of 2009."
Adtegrity reported serving more than 18 billion ad impressions during the second quarter and generated more than 1 million new customers 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 consistently ranking among the top 10 online advertising networks in the world. Adtegrity currently serves thousands of website clients and delivers billions of advertising impressions each month to tens of millions of unique users. 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.