HENDERSON, Nev., May 4 /PRNewswire-FirstCall/ -- Beyond Commerce,
Inc. (www.beyondcommerce.com) (OTC Bulletin Board: BYOC) today
announced signing a Letter of Intent to acquire AdJuice, Inc.
(www.adjuice.com). The Board of Directors of both companies have
approved the acquisition and the transaction is anticipated to
close within the next 10 business days.
AdJuice, Inc. is a leading online Advertising Network and Lead
Generation company with over 22 million registered users, 700
affiliates and 350 retail clients in six major industries. AdJuice
offers sales leads for debt companies, auto warranty companies,
auto dealers, banks and insurance companies.
The unique AdJuice operating system and process of generating
online consumer requests for services uses its proprietary
technology and dedicated call center, providing a premium service
that consistently commands some of the highest rates for leads sold
in the respective industries. AdJuice is supported by more than
$7 million invested in developing the
Company's proprietary technology.
"We look forward to joining Beyond Commerce," states
Matt Hill, CEO and Founder of
AdJuice. "Our company will act as a hub for future acquisitions and
we feel this is the right time in the market for great companies
and smart people to join forces under one roof to produce unmatched
consumer products, programs and services."
"This is just the beginning of what will be a remarkable journey
of growth for the company," adds Hill.
Today, the Internet accounts for approximately 20 percent of
overall media consumption in the United
States; however, advertisers now invest only 7.5 percent of
their budget online. Therefore there is tremendous upside potential
for marketplace growth as advertisers steadily bridge the gap.
As a result, by 2011, nearly 25 percent of all media consumption
will be online, drawing 15 percent of total advertising dollars.
The online advertising market is expected to reach $50.3 billion in revenue by 2011 in the U.S.
alone; more than doubling 2007 levels and growing an anticipated 24
percent annually (source the Yankee Group) as brands increase
online ad expenditures and publishers improve ad targeting,
inventory and yield management.
"To capitalize on this vast opportunity, Beyond Commerce has
repositioned itself into a media company and a technology
e-commerce platform provider," states Beyond Commerce CEO,
Robert McNulty. "We are currently in
discussions with other media companies as well…in the ad
networking, online advertising and local advertising space
industries…which are also viewed as potential acquisitions."
"We believe these market segments, individually and
collectively, are extremely fragmented," Mr. McNulty concludes,
"and they offer tremendous unlimited growth opportunity for a
roll-up strategy."
About Beyond Commerce, Inc.
Beyond Commerce, Inc. is a multi-faceted business serving as an
e-commerce solution for high traffic web properties, and a media
company in the Ad Networking, Online Advertising, Lead Generation
and Local advertising marketplace. For more information visit
http://www.beyondcommerce.com.
About AdJuice, Inc.
AdJuice is an action-advertising network that combines both
original and exclusively sourced campaigns, premier payouts and
unrivaled accountability. The company is managed by a veteran
executive team with over 12-years of experience in Lead Generation,
eCommerce and Affiliate Marketing. The AdJuice network distributes
leads to over 350 retail clients along seven major verticals, all
offering top payouts. The Company owns and manages over 120
Websites fully optimized for brand recognition and conversion
performance, supported by over $7
million in invested technology. The AdJuice mission is for
continued innovation within the Performance Marketing and Lead
Generation industries while consistently delivering quantifiable
results to both its upstream and downstream partners. For more
information visit http://www.adjuice.com.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the matters
discussed in this press release contain forward-looking statements
that involve risks and uncertainties, including but not limited to
economic, competitive, governmental and technological factors
affecting Beyond Commerce, Inc. operations, markets, products and
prices and other factors discussed in the Company's various filings
with the Securities and Exchange Commission.
Contact:
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Miranda
Freerksen
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Beyond Commerce,
Inc.
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702-463-7000
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miranda@beyondcommerce.com
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SOURCE Beyond Commerce, Inc.