Webxu Announces Successful Launch of New Auto Vertical with Consumer Site
LOS ANGELES, April 1, 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 the successful launch of their new Auto Customer Acquisition vertical through their new consumer branded website 24hourautoinsurancequote.com.
For Q1 2013, Webxu's planned organic growth strategy included the development and addition of new verticals in the lucrative Auto and Insurance categories of their Customer Acquisition operations. Webxu recently launched their organic strategy with their 24hour brand. During the first month of operation, the Auto vertical achieved an annualized revenue run rate of over $600 thousand. The US Auto industry is experiencing rapid growth. Emarketer projects online advertising spending of the US Auto industry to grow from $4.35 billion in 2012 to $7.44 billion in 2016, an approximate 71 percent increase. The US Auto industry sold 1.2 million light vehicles in February 2013. This marked a 14.3 percent increase on January 2013 sales, and a 3.7 percent increase on February 2012 sales.
"We are very excited about the launch into the Auto vertical and about our 24hour consumer brand," said Keith Schaefer, Webxu CEO. "With the collaboration of strategic partnerships in a growing market, we anticipate the ability to generate continued sustainable growth in revenue and profit margin throughout 2013."
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.
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SOURCE Webxu, Inc.