Alternate Marketing Networks Reported on 2010 Financial Results at Annual Meeting

SCHAUMBURG, Ill., June 22, 2011 /PRNewswire/ -- Alternate Marketing Networks, Inc. (Pink Sheets: ALTM) held its annual meeting on June 22, 2011 at its Schaumburg, Illinois office.  As earlier reported, the Company had a net profit of $911,755 on sales of $24,361,616 for fiscal year ended December 31, 2010.  The unaudited statements were prepared and presented by management.  Alternate Marketing Networks became a non-reporting company pursuant to a Form 15 filed with the Securities and Exchange Commission effective January 2, 2004.  

In addition, the Company noted that June 22, 2011 was the record date for an earlier announced cash dividend of seven cents per share of the company's common stock payable on July 7, 2011 to the shareholders of record.

The Company earlier announced that they have formed a partnership with CityTwist for geo-targeted email advertising campaigns by offering CityTwist's industry leading services to its newspaper and agency clients.

Alternate Marketing Networks' sole operating subsidiary, National Home Delivery, Inc., is an agency that specializes in national newspaper media buying and placement.  This is accomplished through National Home Delivery's three primary divisions, U.S. Suburban Press (USSPI), Specialty Media Solutions (SMS) and Custom Media Solutions (CMS).

USSPI has provided national advertisers in the U.S. with targeted advertising on a hyper-local level as well as a one-order, one-bill system for over 40 years.  The Company has over 2,000 newspapers in its proprietary database.

Statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act.  The forward-looking statements can generally be identified by words such as "believes," "anticipates," "expects" or words of similar meaning.  Forward-looking statements also include statements relating to the Company's future performance, such as future prospects, revenues, profits and cash flows.  The forward-looking statements are subject to risks and uncertainties, which may cause actual results to be materially different from any future performance suggested in the forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements.  The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements.

SOURCE Alternate Marketing Networks