New Media Announces Rebranding of Propel Business Services, Changes Name to UpCurve
June 26 2017 - 4:15PM
Business Wire
New Media Investment Group Inc. (“New Media” or the “Company”,
NYSE:NEWM) announced today that its small and medium-sized business
(SMB) solutions provider, formerly known as Propel Business
Services, has been rebranded as UpCurve. In addition, the digital
marketing services of UpCurve, previously known as Propel
Marketing, will be marketed under the ThriveHive name.
UpCurve provides local businesses with a full suite of products
designed to help them realize their full potential and position
themselves for growth. UpCurve’s products include marketing
technology, business management solutions, IT/Infrastructure, voice
and email communication offerings and small business financing. The
suite of products UpCurve offers is expected to expand as well in
the future.
“The market for technology and software related products for
small businesses is large and fast- growing. We believe our
local media assets, salesforce, and relationships give us a very
strong position to deliver these products to local SMBs and capture
a share of this rapidly growing business segment,” said New Media
Chief Executive Officer, Michael E. Reed. “Propel is a name
used by many brands across multiple industries and as our business
has grown, it has occasionally caused confusion in the market
place. We believe UpCurve will be a stronger, more unique
brand identifier that better aligns with our goal of bringing
quality products and services to our local business
partners. In addition, it will also eliminate some of the
market confusion we have seen.”
“We have selected UpCurve to reflect our commitment to business
growth, inherent in the brand name. UpCurve is a distinctive brand
that aligns our position in local markets around the country with
our full suite of SMB products, which allows us to be a better
local strategic partner to businesses, enabling them to grow and
develop. Our goal is to deliver the right offerings to enable each
client to reach their utmost potential,” said Peter Newton, CEO of
UpCurve. “Since developing this business in late 2012, we have seen
tremendous growth, with revenues building over 50% each year to
$57.8 million for the LTM Q1 2017. We believe the upside to New
Media from UpCurve is tremendous.”
UpCurve, Inc. is a wholly owned subsidiary of New Media
Investment Group Inc. Please visit UpCurve.com for the latest news
about UpCurve, Inc. and its brands.
About New Media Investment Group
Inc.
New Media supports small to mid-size communities by providing
locally-focused print and digital content to its consumers and
premier marketing and technology solutions for our small and medium
businesses partners. The Company is one of the largest publishers
of locally based print and online media in the United States as
measured by our 130 daily publications. As of March 26, 2017, the
Company operates in over 555 markets across 36 states. New Media’s
portfolio of products, as of March 26, 2017, include over 650
community publications and over 555 websites, serve more than
225,000 business advertising accounts, and reaches over 23 million
people on a weekly basis.
For more information regarding New Media and to be added to our
email distribution list, please visit www.newmediainv.com.
Forward-Looking Statements
Certain items in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
regarding our views as to potential areas of growth and expansion,
market opportunities and potential upside. These statements are
based on management’s current expectations and beliefs and are
subject to a number of risks and uncertainties. These and other
risks and uncertainties could cause actual results to differ
materially from those described in the forward-looking statements,
many of which are beyond our control. The Company can give no
assurance that its expectations will be attained. Accordingly, you
should not place undue reliance on any forward-looking statements
contained in this press release. For a discussion of some of the
risks and important factors that could cause actual results to
differ from such forward-looking statements, see the risks and
other factors detailed from time to time in the Company’s Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and other
filings with the Securities and Exchange
Commission. Furthermore, new risks and uncertainties emerge
from time to time, and it is not possible for the Company to
predict or assess the impact of every factor that may cause its
actual results to differ from those contained in any
forward-looking statements. Such forward-looking statements speak
only as of the date of this press release. The Company expressly
disclaims any obligation to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with regard
thereto or change in events, conditions or circumstances on which
any statement is based.
.
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New Media Investment Group Inc.Ashley Higgins,
212-479-3160Investor Relationsir@newmediainv.com
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