IZEA Bookings Expected to Exceed Guidance by 40% in Fourth Quarter
IZEA Delivers Record Bookings of $1.93M, Up 140% from the comparable quarter one year ago.
ORLANDO, Fla., Jan. 21, 2014 /PRNewswire/ -- IZEA, Inc. (OTCQB: IZEA), the leader in Sponsored Social, today announced that bookings in the fourth quarter of 2013 were the highest in the history of the company. The period ended December 31, 2013 marks the 4th consecutive quarter of record bookings for the company. The company had previously indicated that it expected 100% growth in bookings over the comparable year. The company delivered an all-time high of 140% growth, exceeding prior guidance by 40%.
The bookings growth was attributable to exceptional growth of both new and repeat business in the quarter. The company initiated campaigns on behalf of brands such as Abercrombie & Fitch, Kohler, NBC Universal, Arby's, Nutrisystem and Bed Bath & Beyond, as well as the world's leading agencies including Starcom, JWT, Digitas, Crispin Porter + Bogusky and Mindshare.
Founded in 2006, IZEA is the pioneer of Social Sponsorship. The company builds cloud-based marketplaces that connect brands with creators who blog, tweet, pin, and post on their behalf. Brands receive influential consumer content and engaging, shareable stories that drive awareness. Creators are compensated for their participation and partnership. For more information about IZEA, visit http://corp.izea.com.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on IZEA's expectations and are subject to a number of risks and uncertainties, certain of which are beyond IZEA's control. Actual results could differ materially from these forward-looking statements as a result of, among other factors, competitive conditions in the Sponsored Social segment in which IZEA operates, failure to popularize one or more of the marketplace platforms of IZEA, inability to obtain additional capital, and changing economic conditions that are less favorable than expected. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this release will in fact occur. Forward-looking statements speak only as of the date they are made, and IZEA does not undertake to update such statements other than as required by law. Please read the full statement and disclosures here: http://corp.izea.com/safe-harbor-statement
Senior Managing Director
SOURCE IZEA, Inc.
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