Inuvo® (NYSE MKT formerly NYSE Amex: INUV), an Internet marketing and
technology company specialized in marketing browser-based consumer
applications, managing networks of website publishers and operating
specialty websites, today announced the live user base for the Company’s
ALOT Appbar has increased to 7.6 million users on May 31, 2012. This
represents an increase of 9% or 600,000 users, since March 30, 2012.
“The continued rapid growth in our live user base for the ALOT products
strengthens our entire business as we look to achieve quarter-on-quarter
financial growth in 2012,” stated Peter Corrao, Chief Executive Officer
of Inuvo. “This 9% increase over the previous 2 months bolsters our
belief that we will reach approximately 10 million live users by the end
of this calendar year. Live users are defined as the number of ALOT
Appbar users active on the Internet in the 15-day period prior to the
measurement date. The live user count measures active individual unique
installations of the ALOT Appbar and does not include more than one
count per installation.”
A portion of this increase in the live user base can be attributed to
the recent launch of the ALOT Appbar and marketing efforts in new
geographic locations including Turkey, Russia, and Italy. The number of
users in these countries has already reached nearly 100,000.
Mr. Corrao continued, “In addition to the direct benefits in our
Software Search line of business, this growth in live users should
impact other operational areas including display advertising and
affiliate programs which are part of our Partner Programs segment. The
fact that these users have been actively engaged with Inuvo products
over the last 15 days speaks to the increasingly positive outlook for
our Software Search and Partner Programs business lines. We look forward
to leveraging our large and growing install base to cross market our
products from other lines of business for continued organic growth.”
About Inuvo, Inc.
Inuvo®, Inc. (NYSE MKT: INUV), is an Internet marketing and technology
company specialized in marketing browser-based consumer applications,
managing networks of website publishers and operating specialty
websites. To learn more about Inuvo, please visit www.inuvo.com.
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: the strategy,
markets, synergies, costs, efficiencies, and other anticipated financial
impacts of the proposed transaction; the combined company’s plans,
objectives, expectations, intentions with respect to future operations,
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 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. Additional key risks are described in the
filings made by Inuvo with the U.S. Securities and Exchange Commission,
including the Form 10-K for the year ended December 31, 2011 and most
recent Form 10-Q.
