Webxu Subsidiary BarNone Completes Integration of Affiliated Partner Dealer Network and Sees Financial Growth
May 13 2014 - 9:15AM
Marketwired
Webxu Subsidiary BarNone Completes Integration of Affiliated
Partner Dealer Network and Sees Financial Growth
LOS ANGELES, CA--(Marketwired - May 13, 2014) - Webxu,
Inc. (OTC Pink: WBXU) (PINKSHEETS: WBXU), a media company that
develops branded consumer websites and acquires and integrates
consumer-oriented businesses in the customer acquisition and
e-commerce categories, today announced that its wholly owned
subsidiary BarNone Media, Inc. ("BarNone") completed the
integration of its nationwide partner affiliate network and has
greatly improved its financial performance.
BarNone was founded in 1995 and has helped millions of consumers
with prime and sub-prime credit ratings, purchase a quality vehicle
in a conventional manner. Through its branded web properties,
nationwide television advertising and its 24-hour call center,
BarNone provides auto-financing offers from multiple lenders to
qualified consumers.
Webxu's BarNone business has recently completed the construction
and integration of its partner affiliate network representing over
3,000 auto dealers and growing. This sizeable nationwide network
now provides BarNone qualified consumers with auto vehicle offers
in all parts of the US. Throughout 2014, this growing network has
resulted in a substantial increase in both gross profit and net
profit for the BarNone operation.
Matt Hill, Webxu CEO, said, "Webxu is very excited about the
progress BarNone has made since our acquisition. The combination of
our technology platform, and media acquisition strategies and our
commitment to service both consumers and dealer customers, has
proven to be a very successful endeavor thus far. BarNone is
keeping a leading pace with the market. We have recently doubled
our gross profit and have been producing a consistent net profit
for the overall business. We anticipate this growth to continue and
we are very pleased at the rapid increase in performance."
About Webxu, Inc. Webxu, Inc. (OTC: WBXU) is a media
company that develops branded consumer websites and acquires and
integrates consumer-oriented businesses in the customer acquisition
and e-commerce categories. The company also provides marketing
solutions for online businesses, media agencies, and marketers.
Webxu was founded in 2010 and is based in Los Angeles, CA. For more
information about Webxu, visit http://www.webxu.com.
About BarNone. BarNone
was founded in 1995 for the purpose of helping the millions of
prime and sub-prime consumers obtain auto financing in a
conventional manner. BarNone has offices in Michigan and California
and maintains a 24-hour call center for its consumers. For more
information about BarNone, visit http://www.barnone.com.
Forward-Looking Disclaimer This press release may contain
certain forward-looking statements and information, as defined
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject
to the Safe Harbor created by those sections. This material
contains statements about expected future events and/or financial
results that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition
involve risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of Webxu, Inc. and
BarNone to be materially different from the statements made
herein.
CONTACT: Webxu, Inc. Media info@webxu.com