AmericanTowns Revenue Grows 35% In First Quarter 2010

Nation's Leading Hyperlocal Platform Serving 15,000 Communities Launches Free Promotion for "Meals on Wheels"

05 May, 2010, 09:20 ET from AmericanTowns

FAIRFIELD, Conn., May 5 /PRNewswire/ -- AmericanTowns.com, the nation's leading hyperlocal platform, today announced that it achieved significant growth in revenues and traffic for its unique national network during the first quarter of 2010.  AmericanTowns provides rich local information to more than 3 million individuals in 15,000 towns and is the fastest growing hyperlocal digital media company in America.

AmericanTowns Q1 2010 performance highlights include the following:

  • Having achieved profitability at the end of 2009, AmericanTowns reported that revenues grew an additional 35% during Q1.
  • According to Quantcast, AmericanTowns ranked in the top 800 websites in the US in Q1, and one third of its traffic was from "regular users."  
  • Revenues continue to be driven by local advertisers seeking local customers, at over 75% of advertising revenues.

Additionally, AmericanTowns announced a partnership with the Meals on Wheels Association of America (MOWAA) to promote their "Meals for Moms" and "Pledge" initiatives.  "AmericanTowns is our second largest source of web traffic, second only to Google for referral visits," explained Michael Flynn, Director of MOWAA. "Free promotion for organizations that serve our communities is an important part of our mission," said Jim Maglione, AmericanTowns' Co-president, Community. "We are pleased to enhance that relationship with the Meals on Wheels partnership."

The increased revenues are also allowing AmericanTowns to further invest in its mission in connecting local communities.  

"We have now increased monthly spending on core local content, including our rich community calendar, by 40 percent, while also building out useful guides for a wide range of local information in each town," explained Ted Buerger, AmericanTowns Chairman.  "With 500,000 separate events and notices posted by our 50,000 registered community leaders in 2009, AmericanTowns is a virtual 'town square' providing important news and information for consumers."

Content, revenue, or distribution partners wishing to work with AmericanTowns should contact Janice Gallick (jgallick@americanTowns.com).  Community leaders, bloggers, and publishers should contact Jim Maglione (jim@americanTowns.com).

About AmericanTowns

AmericanTowns Network is the easiest way to find and share the best local information in every town in America.  With its national platform serving over 15,000 towns and neighborhoods, AmericanTowns brings unprecedented expertise and technology to collecting, developing, and organizing the most relevant information for each individual community.  Calling on over 150,000 original sources, AmericanTowns connects each community, featuring continuously updated events, community group listings, local news/blogs/tweets, photos/videos and business services.  Local organizations use AmericanTowns powerful scheduling and communication tools to share millions of events and notices to reach over 3 million individuals per month, through the company's web sites (www.AmericanTowns.com), mobile presence and social networks.  With traffic doubling every six months, AmericanTowns is the fastest growing hyper-local digital media company in America.  AmericanTowns Network is headquartered in Fairfield, Connecticut.  

SOURCE AmericanTowns



RELATED LINKS

http://www.americantowns.com