Inuvo Cyber Monday Revenue Increases Nearly 70% Year-Over-Year
November 29 2017 - 8:30AM
Inuvo, Inc. (NYSE MKT:INUV), an advertising technology company,
today announced that unaudited revenue generated during Cyber
Monday, November 27th, was approximately $470,000, an increase of
nearly 70% over Cyber Monday last year. Additionally, daily revenue
recorded during the four-day period from “Black Friday,” November
24th through Cyber Monday were the highest four days of revenue in
company history. Cyber Monday is the first Monday following
Thanksgiving, and marks the unofficial beginning of the holiday
shopping season. The period of Black Friday through Cyber Monday is
typically among the highest grossing revenue days in the
year.
Mr. Richard Howe, Chief Executive Officer of Inuvo, commented,
“Our fourth quarter is usually our strongest quarter and this year
appears to be no different. We are seeing strong demand across the
board from advertisers. Advertising associated with our AI
technology, the IntentKey, has been an important factor in our
growth this year.”
About Inuvo, Inc. Inuvo®, Inc. (NYSE
MKT:INUV) is an advertising technology business. The Inuvo
MarketPlace is a set of technologies designed to connect
advertisers (demand) with consumer audiences through publishers
(supply) across device types. Inuvo can serve ads within content,
video and images. To learn more about Inuvo, please
visit www.inuvo.com or download our app for Apple
iPhone or for Android.
Inuvo does not typically release revenue for individual days,
however, in light of the increased interest in the market
surrounding consumer activity on Cyber Monday, Inuvo believes that
providing unaudited revenue is in the best interests of its
stockholders. Inuvo does not intend to make this a practice
in the future.
Forward-looking Statements This press release
contains certain forward-looking statements that are based upon
current expectations and involve certain risks and uncertainties
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Words or expressions such as "anticipate," "plan,"
"will," "intend," "believe" or "expect'" or variations of such
words and similar expressions are intended to identify such
forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to risks, uncertainties, and other
factors, some of which are beyond our control and difficult to
predict and could cause actual results to differ materially from
those expressed or forecasted in the forward-looking statements,
including, without limitation, statements made with respect to
expectations with respect to our lack of profitable operating
history, changes in our business, potential need for additional
capital, fluctuations in demand; changes to economic growth in the
U.S. economy; and government policies and regulations, including,
but not limited to those affecting the Internet, all as set forth
in our Annual Report on Form 10-K for the year ended December 31,
2016 and our most recent Form 10-Q. All forward-looking statements
involve significant risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements, many of which are generally outside the control of
Inuvo and are difficult to predict. Inuvo undertakes no obligation
to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise.
Inuvo, Inc. Wally Ruiz, Chief Financial Officer 501-205-8397
wallace.ruiz@inuvo.com
or
Investor RelationsKCSA Strategic Communications Valter Pinto,
Senior Vice President 212-896-1254valter@kcsa.com
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