Adaptive Ad Systems Publishes Financial Report Q 1, 2019 Continues Strong Financial Performance
May 02 2019 - 1:34PM
InvestorsHub NewsWire
Adaptive Ad Systems
Publishes Financial Report Q 1, 2019 Continues Strong Financial
Performance
Vancouver, WA
-- May 2, 2019 -- InvestorsHub NewsWire -- Adaptive Ad
Systems, Inc. (OTC:AATV), a company that
provides Dynamic Digital Ad Insertion (DDAI) via its streaming
media hardware and proprietary processing software for the U.S.
cable TV and Satellite markets, today reports continuing strong
financial results for first quarter 2019.
While advertising frequency typically takes a significant dip
during the time period following a Domestic election event,
Adaptive’s financial results for the first quarter of 2019 are
close to on par with the record-breaking first quarter of 2018.
This is a result of Adaptive’s continuing improvement of its
Dynamic Digital Ad Insertion (DDAI) technology and consistently
increasing its installed client base. This resulted in another
solid financial performance for the first quarter of 2019, ending
on March 31, 2019, with revenues close to the record-breaking
revenues of the first quarter of 2018, producing solid revenues and
profits for the 18th quarter in a row.
• Revenues of $1.1 Mill
• Estimated Net Income before taxes of approximately
$250,000
J. Michael Heil, Chairman & CEO of Adaptive states: “As
announced earlier, we are continuing on an aggressive path for the
installation of new network locations equipped with proprietary
Adaptive technology throughout the US, and further broaden our
offerings of major domestic advertisers for our clients in the
secondary markets. The recent additions to our sales team have
already resulted in contracting new clients and advertisers. This
and the expected drastic increase in advertising frequency during
the second half of 2019, based on the early start of the new ad
campaigns for the 2020 elections, will continue to further improve
our financial performance in Q3 and Q4, 2019 and for the full year
2020.
UNDERSERVED MARKETS BENEFIT FROM ADAPTIVE TECHNOLGY AND
BUSINESS MODEL
Adaptive is nearly the sole digital ad insertion provider for major
advertisers in the underserved Tier 2 and Tier 3 markets. The
Company’s technology allows to dynamically and economically serve
over 210 of these designated marketing areas in the United States.
The Company has deployed over 160 systems in over two hundred of
these markets in approximately 34 states in the US.
ABOUT ADAPTIVE AD SYSTEMS INC.
Adaptive Ad Systems Inc. is a digital media and video
communications streaming Company that together with its subsidiary
manufactures develops and deploys ad insertion and streaming media
hardware and proprietary processing software (DDAI) for the cable
TV, Satellite and IPTV markets. Adaptive is focused on the 2nd and
3rd tier cable company networks. Its digital ad insertion
technology and unique profit-sharing model overcomes the barriers
that typically prevent the insertion of National and Local
advertising products into those network locations. Adaptive
exclusively sells all available advertising in each market it has
contracted, maintains technology ownership and has implemented a
unique and advantageous profit-sharing model with its clients.
Adaptive also provides broadband and cable TV services in some
niche markets. For additional information, please visit: www.adaptiveadsystems.com.
FORWARD-LOOKING STATEMENTS
Any statements contained in this press release that do not
describe historical facts constitute forward-looking statements.
Forward-looking statements may include, without limitation,
financial projections, statements regarding the plans and
objectives of management for future operations, the development,
regulatory approvals and commercialization of the Company’s
products, or any of the Company’s proposed services, systems,
services, partnerships or acquisitions. Such forward-looking
statements are not meant to predict or guarantee actual results and
performance and actual events or results may differ considerably.
Factors that may cause actual results to differ materially from any
projections may include, without limitation, the Company’s
inability to obtain additional financing, delays in the development
of its products, the impact of significant new or changing
government regulation on the industry, existing or increased
competition, results of arbitration and litigation, stock
volatility and illiquidity, and the Company’s general failure to
implement the Company’s business plans or strategies. The Company
assumes no obligation to update any forward-looking statements to
reflect any change in events or circumstances that may arise after
the date of this release.
ADAPTIVE AD SYSTEMS, INC.
J. Michael Heil, CEO
4400 NE 77th Avenue, Suite 275
Vancouver, Washington 98662
info@aatv.com
www.aatv.com
MARKET AWARENESS
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www.stockwatchindex.com
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