Published: March 09, 2010
Inuvo to Exit Non-Strategic Online Consumer Programs; Earnings Call Rescheduled to March 31, 2010
CLEARWATER, Fla. - (BUSINESS WIRE) - Inuvo (NYSE Amex: INUV) announced today that because of a recent
decision to exit a product line within the company's Direct Segment, it
is rescheduling its earnings conference call. The company has decided to
exit only those marketing programs that have a "negative-option" feature
in their solicitation that became part of the company's Direct Segment
following the iLead Media, Inc. acquisition in 2006. Marketing programs
in the Direct Segment related to professional recertification and the
company's www.babytobee.com
website will continue as core programs.
The company is currently exploring a number of transitional
opportunities related to these " negative-option" programs, which in
FY2009 represented on average $2.7 million dollars per quarter in
revenue from continuing operations. The company has yet to determine if
any of the approximately $850,000 of intangible assets and goodwill
related to this business will require impairment in future periods.
Richard K. Howe, Inuvo's Chief Executive Officer, stated, "In 2009, cash
flow from these programs funded the development of the Inuvo Platform.
In 2010, merchant processing, governmental and consumer pressure, along
with Inuvo's go-forward marketing analytics and technology strategy,
have suggested that the acquisition-marketing components of these
programs are not aligned with our objective to build sustainable
shareholder value. As a result, we will no longer be investing in this
business."
To allow the company sufficient time to work through the details
associated with maximizing recurring revenue associated with the
existing iLead customers, Inuvo will postpone the release of its 2009
fourth quarter and year-end financial results, along with the previously
announced conference call to discuss these results, from March 11, 2010
to March 31, 2010.
The company also announced that revenue for the fourth quarter of 2009
and for fiscal year 2009 is expected to be $13.0 and $51.7 million
dollars, respectively.
Safe Harbor for Forward-Looking Information
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. The Securities and Exchange
Commission encourages companies to disclose forward-looking information
so that investors can better understand a company's future prospects and
make informed investment decisions. This press release and other written
and oral statements that we make from time to time contain such
forward-looking statements that set out anticipated results based on
management's plans and assumptions regarding future events or
performance. We have tried, wherever possible, to identify such
statements by using words such as "anticipate," "estimate," "expect,"
"project," "intend," "plan," "believe," "will" and similar expressions
in connection with any discussion of future operating or financial
performance. In particular, these include statements relating to our
ability to secure alternative merchant processing, our ability to
realize any value from the iLead business or its intangible assets,
adverse impacts upon our credit facilities and continued compliance with
loan covenants, future performance or results of current and anticipated
sales efforts, expenses, the outcome of contingencies and financial
results. We caution that the factors described herein and other factors
could cause our actual results of operations and financial condition to
differ materially from those expressed in any forward-looking statements
we make and that investors should not place undue reliance on any such
forward-looking statements. Further, any forward-looking statement
speaks only as of the date on which such statement is made, and we
undertake no obligation to update any forward-looking statement to
reflect events or circumstances after the date on which such statement
is made or to reflect the occurrence of anticipated or unanticipated
events or circumstances. New factors emerge from time to time, and it is
not possible for us to predict all of such factors. Further, we cannot
assess the impact of each such factor on our results of operations or
the extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements. This press release is qualified in its
entirety by the cautionary statements and risk factor disclosure
contained in our Securities and Exchange Commission filings, including
our Annual Report on Form 10-K for the fiscal year ended December 31,
2008.
About Inuvo , Inc.
Inuvo is focused on simplifying the world of performance-based
advertising. Through the Inuvo Platform, advertisers and publishers
directly connect to ensure maximum return from marketing efforts
including search, affiliate, lead generation or email initiatives.
Within one transparent and flexible Platform, advertisers and publishers
alike are in control, creating an efficient and cost-effective market
for all. To find out more about how you can work with Inuvo and the
Inuvo Platform, please visit www.inuvo.com.

Inuvo, Inc.
Gail Babitt, Chief Financial Officer, 727-324-0176
gail.babitt@inuvo.com
or
Investor
Relations
Genesis Select Corporation
Budd Zuckerman,
President, 303-415-0200 ext 106
bzuckerman@genesisselect.com
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