|By Marketwired .||
|November 5, 2012 06:30 AM EST||
LOS ANGELES, CA -- (Marketwire) -- 11/05/12 -- Webxu, Inc. (OTCBB: WBXU), a media company that owns and operates a network of consumer branded websites and businesses focused on Customer Acquisition, E-Commerce and Mobile Media, announced the issuance of a letter by Executive Chairman Matt Hill, to update shareholders on Company progress.
Dear Fellow Shareholder,
In 2011, we accomplished a great deal in a very short time. We entered the public market, acquired and launched two subsidiaries, completed financing, and experienced immediate and exponential performance results.
As we approach the end of fiscal year 2012, we continue to strive for increasing performance. In Q2 this year, we experienced unforeseen challenges that created some difficulty in delivering on our expectations. However, we have made some recent changes with management, debt restructuring and revenue programs that have paved the way for us getting back on track for a great year in 2013.
In 2011 we launched our Customer Acquisition initiatives. Throughout 2012, we continued to monetize these initiatives using our existing resources to create higher margin opportunities. Our consumer sites paydayloan.net and degreebuilder.com have been reconstructed and optimized to increase long-term organic value. Our process is intact and we anticipate delivering millions of targeted visitors to our advertisers in 2013.
Our market still remains very fragmented. Comprised of many small businesses generating $5 million to $25 million per year in revenue with significant profitability, there continues to be numerous, complementary acquisition opportunities. We have identified, and continue to pursue, a number of these opportunities that would enable us to expand our organic growth.
We recently completed a strategic alliance with a worldwide mobile technology company. We believe this alliance will enable us to make a significant entry into the high profile mobile market. In 2013, we intend to deploy a mobile ad strategy that monetizes our existing Customer Acquisition resources to create new, exponential organic growth via mobile advertising.
At the beginning of Q4 this year, seasoned industry executive Keith Schaefer joined us as Chief Executive Officer. Keith brings Webxu a highly accredited, veteran executive with a long and successful history in multiple markets including media and mobile. Prior to joining Webxu, Keith was CEO of Moonshado, Inc., a worldwide mobile technology provider. Prior to Moonshado, Keith held executive positions as CEO and Co-founder of BPL Global, Ltd., as Senior Partner at Constellation Partners, and as an Executive Committee Member of US Web, where he was involved in the public offering, closing over 50 acquisitions, growing shareholder value by 4 times and increasing revenues to over $400 million. Keith also held executive positions with Procter & Gamble and Clorox, served as EVP with Atari Corporation, as EVP at NEC Technologies, as EVP at Viacom and as President of Paramount Communications Technology Group. Keith is the Alumni President and Trustee for the University of Pittsburgh. Keith will be distributing the next Webxu update to shareholders in the near future. As newly appointed Executive Chairman, I will remain involved in the operation, collaborating with Keith, the rest of the management team and the Board of Directors, to assist in guiding the future vision for the company.
We believe that there is immense growth opportunity in the mobile market. We are approaching our business and market with added focus on a mobile strategy. We continue to strive to offer advertisers unique, performance-based campaigns that continually produce high returns on their investment.
We believe that 2013 will include a strong organic growth path. Advertisers are continuing to shift budgets from traditional marketing channels to online marketing. Further, they are investing a larger percentage of their budgets into mobile advertising. We intend to become a leader in this new expanding market, with a focus on increasing our shareholder value.
Lastly, I am very grateful for the effort, dedication and contribution of our employees, management team and Board of Directors in achieving our accomplishments to date. It is this effort and level of dedication that makes me excited about what 2013 will bring for our company.
As always, thank you for your support.
About Webxu, Inc.
Webxu, Inc. (OTCBB: WBXU) is a media company that owns and operates a network of consumer branded websites and businesses focused on Customer Acquisition, E-Commerce and Mobile Media. Through its branded consumer websites and mobile messaging, Webxu generates revenue by providing advertiser clients with targeted consumer traffic. Webxu is headquartered in Los Angeles, CA. For more information about Webxu visit http://www.webxu.com.
Cautionary Language Regarding Forward Looking Statements
This release and any attachments contain forward-looking statements within the meaning of the "safe harbor" provisions of the Federal securities laws, including Section 21E of the Securities Exchange Act of1934, that involve risks and uncertainties. Words such as "will," "believe," "intend," "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements include the quotations from management in this press release, as well as any statements regarding the Company's anticipated financial results and strategic and operational plans. The Company's actual results may differ materially from those anticipated in these forward-looking statements. Factors that may contribute to such differences include, but are not limited to: the Company's ability to deliver an adequate rate of growth and manage such growth; the impact of changes in government regulation and industry standards; the Company's ability to maintain and increase the number of visitors to its websites; the Company's ability to identify and manage acquisitions; the impact of the current economic climate on the Company's business; the Company's ability to attract and retain qualified executives and employees; the Company's ability to compete effectively against others in the online marketing and media industry; the impact and costs of any failure by the Company to comply with government regulations and industry standards; and costs associated with defending intellectual property infringement and other claims. More information about potential factors that could affect the Company's business and financial results is contained in the Company's latest annual report. These forward looking statements are made as of today's date and, except as otherwise required by law, the Company does not intend and undertakes no duty to release publicly any updates or revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof.
Webxu Media Contact
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science from the University of California, Berkeley.
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