Beyond Commerce, Inc. Announces Letter of Intent to Acquire AdJuice, Inc.
Poster: SySAdmin
Posted on May 4, 2010 at 5:14:01 AM
Beyond Commerce, Inc. Announces Letter of Intent to Acquire AdJuice, Inc.
Leading Online Ad Network and Lead Generation Company Brings Unmatched Consumer Products, Programs and Services
HENDERSON, Nev., May 4 -- Beyond Commerce, Inc. (http://www.beyondcommerce.com) (BULLETIN BOARD: BYOC) today announced signing a Letter of Intent to acquire AdJuice, Inc. (http://www.adjuice.com). The Board of Directors of both companies have approved the acquisition and the transaction is anticipated to close within the next 10 business days.
AdJuice, Inc. is a leading online Advertising Network and Lead Generation company with over 22 million registered users, 700 affiliates and 350 retail clients in six major industries. AdJuice offers sales leads for debt companies, auto warranty companies, auto dealers, banks and insurance companies.
The unique AdJuice operating system and process of generating online consumer requests for services uses its proprietary technology and dedicated call center, providing a premium service that consistently commands some of the highest rates for leads sold in the respective industries. AdJuice is supported by more than $7 million invested in developing the Company's proprietary technology.
"We look forward to joining Beyond Commerce," states Matt Hill, CEO and Founder of AdJuice. "Our company will act as a hub for future acquisitions and we feel this is the right time in the market for great companies and smart people to join forces under one roof to produce unmatched consumer products, programs and services."
"This is just the beginning of what will be a remarkable journey of growth for the company," adds Hill.
Today, the Internet accounts for approximately 20 percent of overall media consumption in the United States; however, advertisers now invest only 7.5 percent of their budget online. Therefore there is tremendous upside potential for marketplace growth as advertisers steadily bridge the gap.
As a result, by 2011, nearly 25 percent of all media consumption will be online, drawing 15 percent of total advertising dollars. The online advertising market is expected to reach $50.3 billion in revenue by 2011 in the U.S. alone; more than doubling 2007 levels and growing an anticipated 24 percent annually (source the Yankee Group) as brands increase online ad expenditures and publishers improve ad targeting, inventory and yield management.
"To capitalize on this vast opportunity, Beyond Commerce has repositioned itself into a media company and a technology e-commerce platform provider," states Beyond Commerce CEO, Robert McNulty. "We are currently in discussions with other media companies as well...in the ad networking, online advertising and local advertising space industries...which are also viewed as potential acquisitions."
"We believe these market segments, individually and collectively, are extremely fragmented," Mr. McNulty concludes, "and they offer tremendous unlimited growth opportunity for a roll-up strategy."
About Beyond Commerce, Inc.
Beyond Commerce, Inc. is a multi-faceted business serving as an e-commerce solution for high traffic web properties, and a media company in the Ad Networking, Online Advertising, Lead Generation and Local advertising marketplace. For more information visit http://www.beyondcommerce.com/.
About AdJuice, Inc.
AdJuice is an action-advertising network that combines both original and exclusively sourced campaigns, premier payouts and unrivaled accountability. The company is managed by a veteran executive team with over 12-years of experience in Lead Generation, eCommerce and Affiliate Marketing. The AdJuice network distributes leads to over 350 retail clients along seven major verticals, all offering top payouts. The Company owns and manages over 120 Websites fully optimized for brand recognition and conversion performance, supported by over $7 million in invested technology. The AdJuice mission is for continued innovation within the Performance Marketing and Lead Generation industries while consistently delivering quantifiable results to both its upstream and downstream partners. For more information visit http://www.adjuice.com/.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting Beyond Commerce, Inc. operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
Contact:
Miranda Freerksen
Beyond Commerce, Inc.
702-463-7000
miranda@beyondcommerce.com
Source: Beyond Commerce, Inc.
CONTACT: Miranda Freerksen of Beyond Commerce, Inc., +1-702-463-7000,
miranda@beyondcommerce.com
Web Site: http://www.beyondcommerce.com/
Leading Online Ad Network and Lead Generation Company Brings Unmatched Consumer Products, Programs and Services
HENDERSON, Nev., May 4 -- Beyond Commerce, Inc. (http://www.beyondcommerce.com) (BULLETIN BOARD: BYOC) today announced signing a Letter of Intent to acquire AdJuice, Inc. (http://www.adjuice.com). The Board of Directors of both companies have approved the acquisition and the transaction is anticipated to close within the next 10 business days.
AdJuice, Inc. is a leading online Advertising Network and Lead Generation company with over 22 million registered users, 700 affiliates and 350 retail clients in six major industries. AdJuice offers sales leads for debt companies, auto warranty companies, auto dealers, banks and insurance companies.
The unique AdJuice operating system and process of generating online consumer requests for services uses its proprietary technology and dedicated call center, providing a premium service that consistently commands some of the highest rates for leads sold in the respective industries. AdJuice is supported by more than $7 million invested in developing the Company's proprietary technology.
"We look forward to joining Beyond Commerce," states Matt Hill, CEO and Founder of AdJuice. "Our company will act as a hub for future acquisitions and we feel this is the right time in the market for great companies and smart people to join forces under one roof to produce unmatched consumer products, programs and services."
"This is just the beginning of what will be a remarkable journey of growth for the company," adds Hill.
Today, the Internet accounts for approximately 20 percent of overall media consumption in the United States; however, advertisers now invest only 7.5 percent of their budget online. Therefore there is tremendous upside potential for marketplace growth as advertisers steadily bridge the gap.
As a result, by 2011, nearly 25 percent of all media consumption will be online, drawing 15 percent of total advertising dollars. The online advertising market is expected to reach $50.3 billion in revenue by 2011 in the U.S. alone; more than doubling 2007 levels and growing an anticipated 24 percent annually (source the Yankee Group) as brands increase online ad expenditures and publishers improve ad targeting, inventory and yield management.
"To capitalize on this vast opportunity, Beyond Commerce has repositioned itself into a media company and a technology e-commerce platform provider," states Beyond Commerce CEO, Robert McNulty. "We are currently in discussions with other media companies as well...in the ad networking, online advertising and local advertising space industries...which are also viewed as potential acquisitions."
"We believe these market segments, individually and collectively, are extremely fragmented," Mr. McNulty concludes, "and they offer tremendous unlimited growth opportunity for a roll-up strategy."
About Beyond Commerce, Inc.
Beyond Commerce, Inc. is a multi-faceted business serving as an e-commerce solution for high traffic web properties, and a media company in the Ad Networking, Online Advertising, Lead Generation and Local advertising marketplace. For more information visit http://www.beyondcommerce.com/.
About AdJuice, Inc.
AdJuice is an action-advertising network that combines both original and exclusively sourced campaigns, premier payouts and unrivaled accountability. The company is managed by a veteran executive team with over 12-years of experience in Lead Generation, eCommerce and Affiliate Marketing. The AdJuice network distributes leads to over 350 retail clients along seven major verticals, all offering top payouts. The Company owns and manages over 120 Websites fully optimized for brand recognition and conversion performance, supported by over $7 million in invested technology. The AdJuice mission is for continued innovation within the Performance Marketing and Lead Generation industries while consistently delivering quantifiable results to both its upstream and downstream partners. For more information visit http://www.adjuice.com/.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting Beyond Commerce, Inc. operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
Contact:
Miranda Freerksen
Beyond Commerce, Inc.
702-463-7000
miranda@beyondcommerce.com
Source: Beyond Commerce, Inc.
CONTACT: Miranda Freerksen of Beyond Commerce, Inc., +1-702-463-7000,
miranda@beyondcommerce.com
Web Site: http://www.beyondcommerce.com/