Adtegrity.com Reports Third Quarter Results
GRAND RAPIDS, Mich., Nov. 4, 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 third quarter ended September 30, 2011.
Based on the Company's unaudited results, net income increased to $44,076 for the third quarter on net revenues of $2.8 million, compared with a net loss of $18,974 and net revenues of $2.34 million for the same quarter last year.
"We are continuing to show improvement over last year as clients embrace our services as an ideal way to reach their target audience segments," said Adtegrity.com President and CEO Scott Brew. "We believe the Company's sustained growth reflects the overall strength present in the Internet advertising industry."
Adtegrity reported serving more than 20.3 billion ad impressions during the third quarter, generating more than 30.2 million clicks and 1.9 million conversions for Adtegrity.com advertisers, nearly double compared to the previous quarter.
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.
Lambert, Edwards & Associates