Adtegrity.com Reports Best-Ever Revenue, Improved Net Income for Second Quarter
GRAND RAPIDS, Mich., July 28, 2008 /PRNewswire-FirstCall via COMTEX/ — Adtegrity.com (Pink Sheets: ADTY), a Grand Rapids, Mich.-based company specializing in Internet advertising networks and services, today reported record revenues and improved net income for the second quarter ended June 30, 2008.
The Company’s unaudited results included net income of $101,000 for the first quarter on net revenues of $4.5 million, compared with net income of $9,339 on net revenues of $2.3 million for the same quarter last year.
For the first half of 2008, Adtegrity.com has posted net income of $135,000 on net revenues of $8.9 million, compared with net income of $156,000 on net revenues of $5.3 million for the first half of 2007.
“We are very pleased with our results for the second quarter and first half of the year - our fourth consecutive quarter of record revenue,” said Adtegrity.com president and CEO Scott Brew. “Staffing additions and other infrastructure investments have helped us continue to take advantage of the opportunities we see in the marketplace. While we expect some seasonal softness in the third quarter, we remain optimistic about the remainder of 2008 as a whole.”
Adtegrity reported serving nearly 30 billion ad impressions during the period, a 50% increase from the second quarter of 2007. More than 135 million customers were delivered to client web sites, generating nearly 1.4 million new customers for Adtegrity.com advertisers.
About Adtegrity.com, Inc.
Adtegrity.com’s primary business is the delivery of interactive advertising and marketing services. Since its founding in 1999, the Company has established itself as a results-driven, customer-focused firm consistently ranking among the top 10 online advertising networks in the world. Adtegrity currently serves thousands of website clients and delivers billions of advertising impressions each month to tens of millions of unique users. For more information, visit www.adtegrity.com .
Forward-Looking Statements: This news release may include certain forward- looking statements including, but not limited to, projections of revenue, income or loss and capital expenditures, statements regarding future operations, financing needs, plans relating to products or services of the Company, assessments of materiality, predictions of future events and the effects of pending and possible litigation, as well as assumptions relating to the foregoing. In addition, when used in this discussion, the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “should,” and variations thereof and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the Company’s ability to manage rapid growth as a result of internal expansion and strategic acquisitions, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, the regulatory environment, fluctuations in operating results and other risks.
http://www.adtegrity.com/

