Adtegrity.com Reports Third Quarter Results
GRAND RAPIDS, Mich., Nov. 17, 2010 /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 third quarter ended September 30, 2010.
The Company's unaudited results included net loss of $18,974 for the third quarter on net revenues of $2.34 million, compared with a net income of $86,967 on net revenues of $3.18 million for the same quarter last year. Year to date, Adtegrity.com has posted net income of $61,852 on net revenues of $7.42 million.
"Our revenue growth began to gain momentum mid-quarter and has continued into the remainder of 2010 cementing our confidence that we'll end the year on track," said Adtegrity.com President and CEO Scott Brew. "We are now actively trading across three advertising exchange platforms, resulting in an increase in efficiencies across all levels of the agency."
Adtegrity reported serving nearly 16 billion ad impressions during the third quarter with 32.1 million click-throughs and 650,000 new customers for advertising clients.
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.