Serfcorp
12 years ago
WebMediaBrands Announces 1-for-7 Reverse Stock Split
Aug 15, 2012 3:05:00 PM
Copyright Business Wire 2012
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NEW YORK--(BUSINESS WIRE)-- WebMediaBrands Inc. (Nasdaq: WEBM), today announced that its board of directors has approved a 1-for-7 reverse split of its common stock. The reverse stock split will become effective at 5:00 p.m. eastern time following the filing of an amendment to our certificate of incorporation with the Delaware Secretary of State on August 16, 2012 and will begin trading on a split-adjusted basis when the market opens on August 17, 2012.
At the effective time of the reverse stock split, each seven shares of the company’s outstanding common stock will be combined into one share of common stock. The reverse stock split affects all WebMediaBrands common stock and stock options outstanding immediately prior to the effective time of the reverse stock split. Any person who would otherwise be entitled to a fractional share of common stock as a result of the reverse stock split will be entitled to receive a cash payment in lieu of such fractional share.
About WebMediaBrands Inc.
WebMediaBrands Inc. (http://www.webmediabrands.com) is a leading Internet media company that provides content, education, and career services to social media, traditional media, and creative professionals through a portfolio of vertical online properties, communities, and trade shows. The Company's online business includes: (i) mediabistro.com, a leading blog network providing content, education, community, and career resources (including the industry's leading online job board) about major media industry verticals including new media, social media, Facebook, TV news, advertising, public relations, publishing, design, and mobile; (ii) InsideNetwork.com, a leading network of online properties providing original market research, data services, news, and job listings on the Facebook platform, on social gaming, and on mobile applications ecosystems; and (iii) SemanticWeb.com, a leading blog providing content, education, community resources and career resources on the commercialization and application of Semantic Technologies, Linked Data and Big Data. The Company's online business also includes community, membership and e-commerce offerings including a freelance listing service, a marketplace for designing and purchasing logos (stocklogos.com) and premium membership services. The Company's trade show and educational offerings include conferences, online and in-person courses, and video subscription libraries on topics covered by the Company's online business.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release that are not historical facts are "forward-looking statements" under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The potential risks and uncertainties address a variety of subjects including, for example: general economic conditions; our ability to maintain our listing on the Nasdaq Stock Market; the competitive environment in which WebMediaBrands competes; and the unpredictability of WebMediaBrands's future revenues, expenses, cash flows and stock prices. For a more detailed discussion of such risks and uncertainties, refer to WebMediaBrands's reports filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934. The forward-looking statements included herein are made as of the date of this press release, and WebMediaBrands assumes no obligation to update the forward-looking statements after the date hereof, except as required by law.
All current WebMediaBrands press releases can be found online at
http://www.webmediabrands.com/corporate/press.html
For information on WebMediaBrands:
Caitlin McKinney, 212-547-7870
press@webmediabrands.com
Source: WebMediaBrands Inc.
----------------------------------------------
For information on WebMediaBrands:
Caitlin McKinney 212-547-7870
press@webmediabrands.com
aquaspin
13 years ago
Fortisgr:
Sorry for the late reply. For Q1, I earnings will be better than Q1 of last year but may be a little less than Q4 2011 (last quarter). WEBM has more trade shows in the Q2 & Q4 quarters so that's why revenue is usually a little higher in those quarters.
I'm not really in this one as a "earning's play". I'm in this because I like their business model. WEBM will eventually take off. Meckler just needs to keep coming out with new ideas that people like. I wish that they would create a site like a Facebook, Pintrest, Twitter, Craigslist, etc, that would eventually take off and make WEBM worth Billions of dollars.
Meckler almost bought Craigslist before it really took off. He also almost picked up Mashable. Both companies are worth a lot of money now, especially Craigslist.
aquaspin
13 years ago
WEBM news...could take off today with mention of Facebook!:
WebMediaBrands Introduces New Social Media Services and Relaunches AllFacebook.com
Last update: 4/19/2012 8:40:00 AM
NEW YORK, Apr 19, 2012 (BUSINESS WIRE) -- WebMediaBrands Inc. (WEBM) today has announced the launch of Morning Social Media Newsfeed, a daily email compiling the most up-to-date social media news from around the world and AppNewser.com, covering the world of smartphone and tablet apps; from spotting the latest trends, researching apps that flourish in social networks like Facebook, Twitter and Spotify, to highlighting the most popular developers and exploring the boom of social gaming apps.
Additionally, AllFacebook.com, the number one resource about the social network, has undergone a redesign to better present and share breaking news, analysis and features all about Facebook. AllFacebook has more than 1 million unique monthly visitors and approximately 450,000 likes on its Facebook page.
"WebMediaBrands has long been the leader in providing daily news, analysis, research, job boards and trade shows for the rapidly growing social media field," stated Alan M. Meckler, Chairman and CEO of WebMediaBrands. "We expect to shortly announce the launch of several new research products under the umbrella of Appdata.com," added Meckler.
aquaspin
13 years ago
It would be a perfect timing for a blog like this one from Dec 2010 to come out again:
How to Get In On the $41 Billion Facebook Empire
by Alexander Moschina, Investment U Research
Monday, December 20, 2010
Without question, Facebook is one of the biggest stories of the last decade. Its founder and CEO, Mark Zuckerberg, was just named Time Magazine’s “Person of the Year” for 2010. Yet only he and a few people got rich off the $41 billion social networking site.
Until now, that is.
No, the company isn’t going public. Even if it did, its IPO would be astronomical. But there is a way to cash in on Facebook’s massive success. For roughly $1 per share…
Facebook news site AllFacebook.com recently launched a new subscription-based service – the AllFacebook Services Directory. It’s an online marketplace, where businesses can advertise Facebook-related marketing, software and other services.
The site already attracts more than a million unique visitors per month. And the tiny company behind it has a market cap of $26.7 million. News of the launch sent its shares soaring more than 50%. But it’s just a preview of things to come…
Facebook Ad Revenue Set to Blast Past AOL
When it comes to monetizing the web, New York City’s WebMediaBrands (Nasdaq: WEBM) has been at the forefront for over a decade. It manages a network of professional blogs, career sites and newsletters.
But today, the company has its sights on Facebook. Particularly the $800 million in ad revenue it raked in last year…
Analysts predict that Facebook will soon reach $1.4 billion in recurring ad revenue, crushing web veterans like AOL (NYSE: AOL). And as Facebook’s strength as an ad medium grows, so too will demand for WebMediaBrands’ new service…
WebMediaBrands Gets In on the Ground Floor of a Rapidly-Growing Market
Now that the social networking site has reached 500 million users, it’s attracting some major brands. But did you know that more than half of its ad revenue still comes from small businesses? And the common denominator here is that they need help marketing in the new adspace…
That’s where online ad firms come in. They make a living advertising on social media sites. Unfortunately, though, potential clients have a hard time finding them on the open web.
But WebMediaBrands is helping itself to a big piece of the industry pie. It’s AllFacebook Service Directory is like the Yellow Pages for Facebook advertising. A monthly subscription fee ensures that the businesses listed are legitimate. And for WebMediaBrands, this creates a significant repeat revenue stream. Not to mention it gains access to a young market currently worth more than $400 million…
The directory is a game-changer for the company and the service’s success will likely lead to others like it. Its site SocialTimes.com could easily host a directory for companies that market on Twitter, YouTube and other sites.
Over the coming years, WebMediaBrands will continue to unlock the web’s profit potential. And as social networking evolves, the company will expand its business as it creates even more revenue streams.
Good investing,
Alexander Moschina
pe-20-4-siaf
13 years ago
Sorry, speaking for Aqua.
The number of outstanding shares the Registrant’s common stock, par value $.01 per share, as of November 1, 2011 was 41,808,560. Per 10Q
Shs Outstand 41.81M
Shs Float 22.91M
http://finviz.com/quote.ashx?t=webm&ty=c&ta=1&p=d
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$King
13 years ago
Penny Roger$
13 years ago
