Accelerize New Media Inc. operates as a multi-faceted Internet company to provide performance-based solutions for its customers, which include blue-chip financial, media and retail brands. Its Web portfolio is comprised of approximately 6,000 Web properties. The company today announced its financial results for the quarter ended June 30, 2009, posting record revenues and a narrowed net loss.
Accelerize reported a 44 percent increase in quarterly revenues at $1,227,935, up $374,960 from $852,975 for the same period last year. The company reported net loss at $374,020, down 61 percent, or $583,065, from $957,085 the same quarter of 2008.
The company said it leveraged its performance-based platform and expansion efforts to generate a strong quarter.
“Our company continues to grow and drive new business by utilizing our proprietary performance-based marketing platform, while reducing operating expenses and improving margins,” CEO Brian Ross stated in the press release. “In addition, we are exploring many strategic partnerships and software servicing opportunities in multiple verticals.”
For the six months ended June 30, 2009, Accelerize posted revenues of $2,260,401, up 39 percent, or $632,521, from the $1,627,880 for the first half of 2008. Net loss for the six months decreased 30 percent, or $566,829, to $1,343,318, down from $1,910,147 posted for the same period last year.
Ross attributed the company’s quarterly and half-year results to two new Web properties.
“Quarterly sequential performance continues to improve on both top-line and bottom-line results,” Ross stated. “In addition, we have increased our advertiser base, launched two additional Web sites including www.TheOTCInvestor.com and www.ChinesePublicCompanies.com, while continuing to build out our domain assets, expanding our financial network.”
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