AdStar Expands Relationship With Belo Corp.
July 17 2006 - 9:30AM
PR Newswire (US)
AdStar to Facilitate Web-based Ad Sales for The Providence Journal
and The Press-Enterprise MARINA DEL REY, Calif., July 17
/PRNewswire-FirstCall/ -- AdStar, Inc. (NASDAQ:ADST), the leading
provider of e-commerce transaction software and services for the
advertising and publishing industries, today announced that The
Providence Journal (Providence, R.I.) and The Press-Enterprise
(Riverside, Calif.) will use AdStar's Web-based Ad Sales solution
to facilitate classified ad transactions for both print and online
classified ads. Advertisers for both newspapers will be able to use
AdStar's technology to create, schedule and pay for one or more
classifieds ads through the newspapers' Web sites at
http://www.projo.com/ and http://www.pe.com/. The Providence
Journal and The Press-Enterprise are owned by Belo Corp.
(NYSE:BLC), one of the nation's largest diversified media
companies. AdStar's ad transaction technology allows advertisers to
create a distinct ad for print and a unique version for online
publication, schedule the ads individually, and select from a
number of enhancements, including photos, e-commerce-enabling
options, preferential listings and Web identifiers. AdStar's
technology can also enhance the efficiency of ad placement by
automatically formatting ads for the appropriate vertical market
and publishing destinations. "We are pleased to announce the
expansion of our relationship with Belo, beyond The Dallas Morning
News, with the addition of The Providence Journal and The
Press-Enterprise to our growing roster of newspaper partners,"
stated Leslie Bernhard, president and chief executive officer of
AdStar, Inc. "Newspapers across the country are continuing to
recognize the growth in online revenues throughout the publishing
industry, and advertisers are definitely interested in alternative
solutions for ad placement in print, online or both formats. While
newspapers face a number of challenges to their traditional print
advertising models, AdStar provides a viable and proven option that
truly integrates print and online classified ad sales, creating
additional revenue-generating opportunities for publishers and
unique ad programs for their advertising partners." The Providence
Journal, founded in 1829, is the oldest continuously published
major daily general circulation newspaper in the country and the
largest newspaper in the state of Rhode Island. The newspaper has a
circulation of more than 153,000 during the week and 218,000 on
Sundays. The Press-Enterprise is considered one of the fastest
growing newspapers in the United States and is the most widely read
newspaper in Inland Southern California, with a circulation area
that includes all of Riverside County and a portion of San
Bernardino County, and a paid circulation of more than 185,000 on
weekdays and Sundays. About Belo Corp. Belo Corp. is one of the
nation's largest media companies with a diversified group of
market-leading television, newspaper, cable and interactive media
assets. A Fortune 1000 company with 7,700 employees and more than
$1.5 billion in annual revenues, Belo operates in some of America's
most dynamic markets in Texas, the Northwest, the Southwest, the
Mid-Atlantic and Rhode Island. Belo owns 19 television stations,
six of which are in the 15 largest U.S. broadcast markets. The
Company also owns or operates seven cable news channels and manages
one television station through a local marketing agreement. Belo's
daily newspapers are The Dallas Morning News, The Providence
Journal, The Press-Enterprise (Riverside, CA) and the Denton
Record-Chronicle (Denton, TX). The Company also publishes specialty
publications targeting young adults and the fast-growing Hispanic
market, including Quick and Al Dia in Dallas/Fort Worth, and El D
and La Prensa in Riverside. Belo operates more than 30 Web sites
associated with its operating companies. Additional information is
available at http://www.belo.com/ or by contacting Carey
Hendrickson, vice president/Investor Relations and Corporate
Communications, at 214-977-6626 or . About AdStar, Inc. AdStar,
Inc. (NASDAQ:ADST) is the leading provider of e-commerce
transaction software and services for the advertising and
publishing industries. AdStar's proprietary suite of e-commerce
services includes remote ad entry software and web-based ad
transaction services, as well as payment processing and content
processing solutions that are provided through its Edgil Associates
subsidiary, the industry's largest supplier of automated payment
processing services. AdStar's ad transaction infrastructure powers
classified ad sales for more than 40 of the largest newspapers in
the United States, CareerBuilder, and a growing number of other
online and print media companies. EdgCapture, Edgil's automated
payment process solution, is currently employed by call centers at
more than 100 of the nation's leading newspapers and magazines.
AdStar is headquartered in Marina del Rey, Calif., and its Edgil
office is located in North Chelmsford, Mass. For additional
information on AdStar, Inc., visit http://www.adstar.com/.
Forward-Looking Statements This release contains forward-looking
statements concerning the business and products of the company.
Actual results may differ from those projected or implied by such
forward-looking statements depending on a number of risks and
uncertainties including, but not limited to, the following:
historical business has already matured, new online business is
unproven and may not generate expected revenues, and Internet
security risks. Other risks inherent in the business of the company
are described in Securities and Exchange Commission filings,
including the company's annual report on Form 10-KSB. The company
undertakes no obligation to revise or update any forward-looking
statements to reflect events or circumstances after the date of
this release. AdStar Company Contact: Jeff Baudo, 310-577-8255,
AdStar Media Contact: Kevin Wilson, 513-898-1008, DATASOURCE:
AdStar, Inc. CONTACT: Jeff Baudo of AdStar, Inc., +1-310-577-8255,
; or Kevin Wilson, +1-513-898-1008, , for AdStar, Inc. Web site:
http://www.pe.com/ Web site: http://www.projo.com/ Web site:
http://www.belo.com/ Web site: http://www.adstar.com/
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