Webxu Announces Strategic Partnership with Online Optimization Company Magnify360
LOS ANGELES, March 26, 2013 /PRNewswire/ -- Webxu, Inc. (OTCBB: WBXU), a media company that owns and operates a network of consumer branded websites and businesses focused on Customer Acquisition, E-Commerce and Mobile Media, today announced a strategic partnership with Magnify360, a Los Angeles based online design and online optimization company.
Launched in 2006, Magnify360 takes a strategy-driven approach to improving user experience in online Customer Acquisition. Through their proprietary technology and design capabilities, Magnify360 optimizes the Customer Acquisition funnel to generate higher conversion rates for all their clients.
"We are very excited about this strategic partnership with Magnify360," said Keith Schaefer, Webxu CEO. "As our new partner in the Customer Acquisition process, Magnify360 will provide Webxu with multiple in-house capabilities; through their proprietary design services we will be able to rapidly enhance and mobile enable our consumer branded site portfolio and through use of their proprietary optimization technology we will be able to generate higher conversion rates for our clients."
Olivier Chaine, Magnify360 CEO commented, "We are pleased to gain this strategic partnership with Webxu. We feel that our design, optimization and technology functions will operate synergistically with the Webxu Customer Acquisition process and produce exponential results in the near term. We have an excellent track record serving our large clients such as Seagate, Coupons.com and Intuit. Our approach to the process has historically produced a 40% increase in conversion rates, which in turn exponentially increases revenues and margins. We look forward to providing this benefit to Webxu and having a very successful and mutually beneficial partnership."
Through this strategic partnership, Webxu is anticipated to enhance their Customer Acquisition performance and rapidly increase their mobile advertising footprint. The positive market and analyst reaction to digital media player ValueClick's recent activity illustrates a resulting effect of Webxu's planned strategy to enhance their mobile advertising capabilities.
About Webxu, Inc.
Webxu, Inc. (OTCBB: WBXU) is a media company that owns and operates a network of consumer branded websites and businesses focused on Customer Acquisition, E-Commerce and Mobile Media. Through its branded consumer websites, Webxu generates revenue by providing Advertiser clients with targeted consumer traffic. Webxu is headquartered in Los Angeles, CA. For more information about Webxu visit http://www.webxu.com.
About Magnify360, Inc.
Magnify360 provides professional services, a creative marketplace and optimization technology for its online marketing clients. Magnify360's technology driven solution uses innovative strategies and crowd sourced design to achieve better online Customer Acquisition performance through user experience optimization and holistic campaign management, in order to increase conversion and profitability for their clients. For more information, visit http://www.magnify360.com.
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Cautionary Language Regarding Forward Looking Statements
This release and any attachments contain forward-looking statements within the meaning of the "safe harbor" provisions of the Federal securities laws, including Section 21E of the Securities Exchange Act of 1934, that involve risks and uncertainties. Words such as "will," "believe," "intend," "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements include the quotations from management in this press release, as well as any statements regarding the Company's anticipated financial results and strategic and operational plans. The Company's actual results may differ materially from those anticipated in these forward-looking statements. Factors that may contribute to such differences include, but are not limited to: the Company's ability to deliver an adequate rate of growth and manage such growth; the impact of changes in government regulation and industry standards; the Company's ability to maintain and increase the number of visitors to its websites; the Company's ability to identify and manage acquisitions; the impact of the current economic climate on the Company's business; the Company's ability to attract and retain qualified executives and employees; the Company's ability to compete effectively against others in the online marketing and media industry; the impact and costs of any failure by the Company to comply with government regulations and industry standards; and costs associated with defending intellectual property infringement and other claims. More information about potential factors that could affect the Company's business and financial results is contained in the Company's latest annual report. These forward looking statements are made as of today's date and, except as otherwise required by law, the Company does not intend and undertakes no duty to release publicly any updates or revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof.
SOURCE Webxu, Inc.