Bellevue, Washington - (Website Hosting Directory) - November 13, 2008 - Search development firm, InfoSpace, Inc., has reported strong third Quarter 2008 financial results, for the three months ending September 30, 2008.
Revenues for the third quarter of 2008 were $39.5 million, reflecting a $5.6 million or 17% increase over the third quarter of 2007.
Jim Voelker, Chairman and Chief Executive Officer of InfoSpace, Inc. noted, ''Our strong operating results in the third quarter were driven by growth in both our owned and operated and distribution businesses. Based on the success we've seen in driving traffic to our sites in both the second and third quarters, we will continue to invest in marketing programs for our flagship search site Dogpile.com. We are pleased with our progress and performance this year and are confident in our ability to continue this success despite the challenges in the macroeconomic environment.''
Loss from continuing operations was $9.9 million in the third quarter of 2008, included in this amount is a charge of $11.0 million for unrealized losses on investments. This is compared to a loss from continuing operations of $6.6 million in the third quarter of 2007.
Adjusted EBITDA from continuing operations was $6.6 million in the third quarter of 2008, compared to Adjusted EBITDA from continuing operations of $3.1 million in the third quarter of 2007.
Net loss for the third quarter of 2008 was $9.9 million or $0.29 per share versus a net loss of $12.3 million or $0.37 per share in the third quarter of 2007. Net loss in the third quarter of 2008 includes an impairment charge of $9.0 million on the Company's investments in auction rate securities and an impairment charge of $2.1 million on an equity investment.
Cash, cash equivalents, and marketable securities as of September 30, 2008 totaled $210.4 million, which includes holdings of $18.2 million in auction rate securities.
Third Quarter Highlights and Recent Developments include:
-- Unveiled a new Dogpile downloadable social networking widget with Petfinder.com;
-- Signed five new search distribution partners;
-- Launched Web portal that supports new third-party content and includes its unique metasearch technology with Windstream Communications and Verizon;
-- Deployed DNS Error Assist product with two new partners; and
-- Strengthened its management team with new Vice President, Corporate Development and Chief Strategy Officer, Stuart West. Mr. West will oversee InfoSpace's corporate strategy and M and A activities.
For the fourth quarter of 2008, the Company expects revenue to be between $34 million and $36 million. Additionally, the Company expects net loss to be between $2.0 million and $1.0 million, or $0.06 and $0.03 per share and Adjusted EBITDA from continuing operations to be between $2.0 million and $3.0 million.
A conference call webcast is accessible in the Investor Relations section of the InfoSpace corporate web site.
InfoSpace, Inc., a developer of metasearch products, is focused on bringing the best of the web to Internet users. InfoSpace's proprietary metasearch technology combines the top results from several of the largest online search engines, providing fast and comprehensive search results on InfoSpace sites including Dogpile and WebFetch. For the second consecutive year, JD Power and Associates ranked Dogpile highest in customer satisfaction among search engines. InfoSpace's metasearch technology is also available on more than 100 partner sites, including content, community and connectivity sites.
Manchester, United Kingdom - (Website Hosting Directory) - November 12, 2008 - Service focused UK website hosting brand, 34SP.com, has announced significant upgrades to its reseller hosting account service in order to provide professional hosting resellers with additional tools and profit margins.
The product upgrades are designed to allow any web professional to host multiple domain names and websites with maximum ease and with dramatically increased profitability.
Stuart Melling, Business Director at 34SP.com remarked, ''Our clients had been telling us they needed more resources and more power. They wanted to grow and we wanted them to grow too. Our reseller customers are crucial to our business, so we had to do what was best for them. We doubled storage, we more than tripled domain capacity and bundled in a whole load of other upgrades too. All of this without increasing our plan prices gives our clients the ability to generate even greater profits.''
The 34SP.com reseller hosting plan permits the simultaneous hosting of 50 websites as standard. The plan also comes with support for 500 mailboxes, 50 MySQL databases, a full 1.5 GB of disk space, and a generous 15 GB of monthly transfer. Every reseller account also includes support for PHP, Perl, Python, Ruby on Rails, full log file access, cron and .htaccess. 34sp.com also includes a number of industry-leading tools with each account including free blog, CMS and forums installation. Details on the account offering can be viewed at: www.34sp.com/reseller-hosting.
34sp.com has also recently achieved an important milestone reaching the eighth anniversary of the company - as of October 2008. In the early days of the company, the owners met personally with each and every new customer. That attention to detail and service continues to this day as the company has grown significantly in the past eight years, becoming one of the U.K.'s leading web hosting companies and a top hosting reseller firm.
Mr. Melling added, ''Our reseller accounts are perfect for professional developers, web designers, and small businesses looking to resell hosting services. The plan takes all the hassle out of multiple domain hosting. Everything within each account is controllable through a straightforward and easy to use online control panel. Clients can add, delete or modify their domain hosting as they want, and whenever they want. Each reseller account is backed by our renowned customer service team, which consists of experienced webmasters and developers. They know exactly what our customers need and how to best help them.''
34sp.com offers professional website hosting services which are a great value for cost conscious web developers. The 34sp.com team of technical experts offers award winning support and service coupled with a money back guarantee to ensure client satisfaction. Website hosting services offered include: discount domain name registration and business web hosting. The company is headquartered in central Manchester, England.
For more information on the 34SP.com or to learn more about the reseller hosting program, please visit: www.34sp.com.
Posted by editor on Wednesday, November 12 @ 11:45:25 EST (437 reads)
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News: Search Engine Urban Mapping Solution, Powers Real Estate Business
San Francisco, California - (Website Hosting Directory) - November 12, 2008 - A new search engine has been released, focused on home search, designed to enable users to find neighborhood residences, through an urban mapping boundary data system.
Provider of location-rich content for interactive applications, Urban Mapping, is powering the neighborhood functionality in Zoocasa, located at www.zoocasa.com, a new free Canadian real estate search engine that is designed to let consumers research and find for sale homes in Canada. With integration to Urban Mapping's neighborhood boundary database, Zoocasa users can seamlessly search for homes in Canada by contextually-relevant and socially defined neighborhood information in addition to city or postal code.
Ian White, CEO of Urban Mapping remarked, ''We're excited to add Zoocasa to our rapidly growing base of international neighborhood boundary database customers. By providing users with the ability to search for and associate home listings by neighborhood, Zoocasa has captured the essence of searching for a home: 'location, location, location.''
Urban Mapping's Urbanware: Neighborhoods(TM) database contains more than 75,000 North American and European neighborhoods corresponding to more than 2,700 cities and towns. It is the most comprehensive database of its kind, enabling increased relevance for users of interactive applications. Urban Mapping accounts for the inherent 'fuzziness' in defining neighborhoods by using a patent-pending data model. By geographically encoding boundaries of thousands of neighborhoods, Urban Mapping provides precise latitude and longitude points for every neighborhood.
Nyla Ahmad of Zoocasa.com added, ''Zoocasa understands that choosing a home is a personal and complex decision. Home hunters really care about location and Zoocasa helps them find the best place to live by offering neighborhood search.''
Zoocasa connects potential purchasers with real estate brokers or agents by indexing and presenting summary detail for listings on the Internet and directing the house hunter to the original listing broker or agent web site for more information.
Zoocasa's powerful search engine and intuitive user experience offers an easy way to navigate listings of homes for sale across Canada -- by either clicking on a map or typing into a search box. Consumers can search and research properties for sale making Zoocasa a smarter way to find the perfect home online.
Urban Mapping's location-rich Urbanware products enhance the value of local content for interactive applications. The company's flagship product, Urbanware Neighborhoods, is a database of informal space and is used by all major portals, map platforms and Internet yellow page publishers, including Google, Yahoo!, Microsoft's Virtual Earth, Idearc's SuperPages.com, MapQuest and AT and T's YellowPages.com. Urban Mapping also offers a database of mass transit systems and a novel geotargeting solution focused on the needs of local search.
Zoocasa is a search engine that makes it easier to find a resale home by adding tools, contextual information and an intuitive user experience to listings of homes for sale across Canada.
Urban Mapping and Urbanware are trademarks of Urban Mapping, Inc. All other names are trademarks and/or registered trademarks of their respective owners.
Posted by editor on Wednesday, November 12 @ 11:40:48 EST (398 reads)
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News: Web Hosting Design Services, Offered by Freeland Publishing
Freeland, Michigan - (Website Hosting Directory) - November 10, 2008 -
Web design company, ThimbleCity.com, was recently launched by Freeland Publishing, offering low cost, low maintenance web pages, targeting small businesses.
ThimbleCity.com is run by owner Lori Villarreal, who has over 17 years of experience in the IT industry, 10 of those years in website development. Her background includes a degree in computer programming, experience in database development, graphics and document design, creative and technical writing, email marketing, and desktop publishing.
Ms. Villarreal explained, ''Being a small business owner myself, I understand the pitfalls of having a budget that doesn't allow for expensive advertising. Having a web page is an important factor, and once you have a web address, it can be used in all forms of advertising. It makes you more accessible to current and potential customers.''
There are 3 basic types of $99 web pages offered by ThimbleCity.com: Business, Portfolio, and Club/Organization. This would work well for churches and special interest organizations, if you have a business such as a day care center, lawn maintenance, a MLM business, or if you're a photographer or artist. All you need to do is choose the one that best fits your needs, and then provide written information about your company, along with logos and images. It's really that simple.
Many times, after consulting with a potential client, it becomes apparent that their needs go beyond a one-page website. In that case, Ms. Villarreal works with the client to come up with a reasonable quote, tailored to their unique vision.
Visit ThimbleCity.com to view examples of the templates offered, as well as a variety of live websites which show a diverse range of designs and formats.
San Francisco, California - (Website Hosting Directory) - November 10, 2008 - Video search engine, blinkx, has reported financial results for the six months ending 30 September 2008, indicating a strong revenue surge for the company.
Suranga Chandratillake, Founder and CEO, blinkx noted, ''We are pleased to report a very strong performance this period, with both revenue and bottom line ahead of analyst consensus. In the last six months we continued to demonstrate significant momentum on all fronts – introducing four new products, signing a host of top-tier partners including ITN, MSN UK and Getty Images, and realizing substantial advertising revenues though the blinkx AdHoc platform. With a 681% growth in traffic between June 2007 and July 2008 in the UK alone, blinkx has cemented its position as the remote control for online television.''
Highlights of the report include:
• Strong revenue growth up 115% to $6.4m from first half FY08***
• Top and bottom line performance ahead of analyst consensus
• Gross profits up 106% to $4.5m from first half FY08***
• Unique visitors up 106% year on year to 64 million and page views up 267% year on year to 668 million in September 2008 (source: comScore)
• Cash balances of $32.4m at period end
• Daily Video Search run rate of over 7,000,000 per day in September 2008
• Content hours increased 78% year on year, from 18.5 million to 32 million
• 70 new content partners added, bringing total to over 420 media organizations, including Getty Images, Time Inc. and CBS
• Addition of top-tier syndication partners, including ITN, MSN UK and Rambler
• Introduction of four new strategic technology offerings:
o blinkx Red Label
o blinkx Remote
o blinkx 3D
o blinkx Broadband Television (BBTV)
• Successful execution of campaigns for leading advertisers, including Coke, Exxon, and Mercedes
*** first half FY08 contains 23 weeks of trading
Other Financial Highlights include:
For the first half 2009 (six months ending 30 September 2008), revenues totaled $6.4 million increasing 115% over the $3.0 million in revenues reported for the period from 23 April (incorporation) through 30 September 2007 which contained 23 weeks of trading. Gross profit for the first half of FY2009 was $4.5 million representing a gross margin of 71%. Gross profit for the period from 23 April through 30 September 2007 was $2.2 million, representing a gross margin of 74%. Net loss for the first half of FY2009 was $3.3 million. Net loss for the period from 23 April through 30 September 2007, before non-recurring costs related to the IPO and demerger, was $1.4 million (including non-recurring costs: $12.9 million). Loss per share for the first half of FY2009 (adjusted and unadjusted) was 1.17 cents. Adjusted loss per share for period from 23 April through 30 September 2007, before one-off costs related to the IPO and demerger was 0.62 cents (unadjusted: 5.62 cents). blinkx’s cash balance at 30 September 2008 was $32.4 million.
Customer and Business Developments
Strong demand for blinkx's unique, patented search functionality has further cemented blinkx's position as the gold standard in video search this period. High-profile new syndication customers included Microsoft (MSN UK), Brazilian media company Elo Audiovisual, AnSearch and Russia's largest portal, Rambler.
In the past six months, blinkx has grown its roster of premier media partners to over 420, including the addition of programming from industry leaders such as Getty Images, Time Inc. and CBS.
blinkx AdHoc, the first contextual advertising platform for online TV, has gone from strength to strength in the first six months of FY2009, powering advertising campaigns for top brands such as Puma and Smirnoff. Moreover, based on the success of its initial campaigns on www.blinkx.com, leading news organization ITN augmented the scope of its advertising partnership with blinkx during the period. Under the terms of the extension agreement, ITN is using AdHoc to serve contextual video advertisements on the ITN website and its syndication partner sites, including Bebo.com. blinkx's index of fully searchable online video has now surpassed 32 million hours, increasing 73% in the last 12 months, from 18.5 million hours.
Mr. Chandratillake continued: ''While the macro environment demands a conservative view, with pressure on advertising reported by major players in the market, blinkx has benefited from the strong secular growth in online video. Over the past 12 months, online video has undergone a sea change - what was once the domain of short-form, user-generated material, has become the realm of prime time television content. This year, major networks and media companies committed to the Internet as a distribution mechanism for their premium programming. As the world’s largest, most advanced video search engine, blinkx is ideally positioned to help audiences navigate this broad, fragmented universe of high-quality programming. In addition, blinkx's AdHoc advertising platform continues to attract advertisers drawn to our technology's unique ability to provide targeted, action-oriented advertising within a video context.''
Product and Technology Developments include:
During the first six months of FY2009 blinkx continued to lead the industry with unique and disruptive product launches, introducing four new offerings based on its patented technology. Highlights included the release of blinkx Broadband Television (BBTV) in April 2008, blinkx Remote in August 2008, and a Web-based version of BBTV in September 2008.
blinkx Remote is an advanced tool for finding full-length TV episodes on the Web. It aggregates information and access to full-length television programs on the Internet, offering audiences a single gateway for finding TV shows by channel, season, episode, title or genre, both quickly and legally.
blinkx was also first-to-market with a Web-based version of its broadband television product, blinkx BBTV. blinkx BBTV in the browser fuses a high-quality TV experience with the interactive power of the Web, without any software download.
In July 2008, blinkx, began to syndicate its video search capabilities through blinkx Red Label - an offering that deploys blinkx’s patented video search technology on customers' sites, enabling them to derive new revenue through advertising.
In addition, blinkx announced the availability of blinkx 3D to capitalize on the growing popularity of 3-D virtual worlds. Gartner Research predicted that 80% of all active Internet users will have a virtual-world presence by 2011 and blinkx 3D establishes a beachhead from which blinkx will continue to develop its presence and participation in these types of online communities.
Company Developments include:
During the period blinkx experienced dramatic expansion in its user base to 64 million unique visitors in September 2008 from 56 million unique visitors in March 2008. (source: comScore), and was recognized by third-party research and reporting firms as one of the fastest growing websites on the Internet. According to Compete.com, blinkx is the fastest growing video site among the top 20 video competitors in the U.S. In another report, Nielsen Online listed blinkx.com as the ninth fastest growing site in the U.K. as its traffic soared 681% between June 2007 and July 2008.
Operationally blinkx expanded during the past six months to support growth and new initiatives, increasing headcount to 52 employees at 30 September 2008. Key individuals joined the blinkx sales team in order to capitalize on the thriving online video advertising market. In addition, blinkx grew its executive management team with the appointment of Jonathan Spira as Chief Financial Officer, a seasoned executive with over 20 years of experience in the technology and media industries.
Mr. Chandratillake concluded: ''We have taken a conservative view of the macro situation and balanced that against the strong growth of the online video market. We therefore believe that in spite of the current macro-economic conditions, we expect blinkx to be able to report continued strong growth in the second half and beyond.''
blinkx plc is the world's largest and most advanced video search engine. Today, blinkx has indexed more than 26 million hours of audio, video, viral and TV content, and made it fully searchable and available on demand. blinkx's founders set out to solve a significant challenge - as TV and user-generated content on the web explode, keyword-based search technologies only scratch the surface. blinkx's patented search technologies listen to - and even see - the web, helping users enjoy a breadth and accuracy of search results not available elsewhere. In addition, blinkx powers the video search for many of the world's most frequented sites. blinkx is based in San Francisco and London.
To learn more about blinkx, please visit: www.blinkx.com.
Posted by editor on Monday, November 10 @ 11:44:09 EST (540 reads)
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