IZEA Announces New Fortune 500 Customer
June 08 2020 - 2:00PM
IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of
influencer marketing technology, data, and services for the world’s
leading brands, announced today that it has secured a significant
six-figure contract with a new Fortune 500 customer for influencer
marketing managed services. In addition, the company has secured a
variety of contracts with repeat customers, including the renewal
of a contract with Global Fortune 500 technology company.
“The events of the past several months have
fundamentally changed the global marketing landscape,” said Ted
Murphy, IZEA’s Chairman and CEO. “We believe that IZEA’s platforms
and services are well positioned to benefit from a redistribution
of marketing dollars from traditional media to social media. Recent
commitments from our customers increase our level of confidence
that influencer marketing will be an area of escalating investment
in the future.”
“IZEA continues to see a strong recovery of our
managed services business following the initial negative impacts we
observed due to COVID-19,” said Ted Murphy, IZEA’s Chairman and
CEO. “The company remains above the January 1-March 15 average
bookings trendline we previously shared and we are optimistic about
year over year managed services bookings in the second quarter,
despite the pandemic. The SaaS business is also starting to show
early signs of recovery as businesses begin to reopen and gain more
comfort with the longer-term commitments required for those
licensing our software.”
About IZEA Worldwide, Inc.IZEA
Worldwide, Inc. (“IZEA”) operates IZEAx, the premier online
marketplace that connects marketers with content creators. IZEAx
automates influencer marketing and custom content development,
allowing brands and agencies to scale their marketing programs.
IZEA creators include celebrities and accredited journalists.
Creators are compensated for producing unique content such as long
and short form text, videos, photos, status updates, and
illustrations for marketers or distributing such content on behalf
of marketers through their personal websites, blogs, and social
media channels. Marketers receive influential content and engaging,
shareable stories that drive awareness. For more information about
IZEA, visit https://izea.com/.
Safe Harbor Statement
All statements in this release that are not based
on historical fact are “forward-looking statements” intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements, which are based on certain assumptions and describe our
future plans, strategies and expectations, can generally be
identified by the use of forward-looking terms such as “may,”
“will,” “would,” “could,” “should,” “expect,” “anticipate,”
“estimate,” “believe,” “intend,” "likely," "projects," “plans,”
"pursue," "strategy" or "future," or the negative of these words or
other words or expressions of similar meaning. Examples of
forward-looking statements include, among others, statements we
make regarding expectations concerning IZEA’s ability to increase
revenue and bookings, growth or maintenance of customer
relationships, and expectations concerning IZEA’s business
strategy. Forward-looking statements involve inherent risks and
uncertainties which could cause actual results to differ materially
from those in the forward-looking statements, as a result of
various factors including, among others, the following: competitive
conditions in the content and social sponsorship segment in which
IZEA operates; failure to popularize one or more of the marketplace
platforms of IZEA; uncertainty relating to the effects of COVID-19,
our ability to establish effective disclosure controls and
procedures and internal control over financial reporting; our
ability to satisfy the requirements for continued listing of our
common stock on the Nasdaq Capital Market; changing economic
conditions that are less favorable than expected; and other risks
and uncertainties described in IZEA’s periodic reports filed with
the Securities and Exchange Commission. The forward-looking
statements made in this release speak only as of the date of this
release, and IZEA assumes no obligation to update any such
forward-looking statements to reflect actual results or changes in
expectations, except as otherwise required by law.
Martin Smith
IZEA Worldwide, Inc.
Phone: 407-674-6911
Email: ir@izea.com
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