Adtegrity.com Reports Third Quarter Results
GRAND RAPIDS, Mich., Nov. 19 /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, 2009.
The Company's unaudited results included net income of $86,967 for the third quarter on net revenues of $3.18 million, compared with a net income of $87,000 on net revenues of $3.48 million for the same quarter last year. Year to date, Adtegrity.com has posted net income of $196,717 on net revenues of $8.58 million.
"This marks our seventh consecutive profitable quarter and the third straight quarter with improvement in our net income," said Adtegrity.com President and CEO Scott Brew. "The online advertising market continues to be stable, and we expect solid performance for the remainder of the year."
Adtegrity reported serving more than 18 billion ad impressions during the third quarter. Nearly 55 million customers were delivered to client Web sites, generating more than one 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.