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interCLICK, Inc. Announces 2008 Second Quarter Preliminary Revenue
NEW YORK-(Business Wire)-July 2, 2008 - interCLICK, Inc. (OTCBB: CACN) announced today preliminary revenue estimates for its second quarter ended June 30, 2008. interCLICK expects to report revenue of between $4.5 million - $4.6 million, an increase of approximately 26% - 29% compared to the 2008 first quarter ended March 31, 2008, when interCLICK generated revenue of approximately $3.6 million. For the 2007 second quarter, interCLICK generated revenue of $1.7 million.
The Company also announced 2008 full-year revenue guidance. interCLICK projects it will generate full-year revenue in excess of $20 million. This compares to $11.8 million that interCLICK generated in fiscal 2007. The revenue estimates for both the second quarter and full year exclude any revenue from its subsidiary Options Acquisition Sub, Inc. ("Options"). Last week, the Company announced that it had divested 69% of its interest in subsidiary Options Acquisition Sub, Inc. As a result, Options will no longer be consolidated for financial reporting purposes.
"We are pleased that in a challenging advertising environment, many of the initiatives we pursued have begun to yield meaningful results," said Michael Mathews, CEO. "By combining transparency with our behavioral targeting, we have been extremely successful in helping brand advertisers reach their desired audiences. Because of this, we have experienced extraordinary client retention which has helped fuel our continued growth."
The Company expects to report 2008 second quarter results in mid-August.
About interCLICK
interCLICK, operates the interCLICK Network, a highly targeted contextual marketing network designed to balance the interests of publishers, advertisers and users. The interCLICK Network combines advanced contextual awareness technology with a large base of top tier publisher sites to create a highly effective advertising platform. interCLICK's unique model delivers higher response rates than traditional ad networks, helping advertisers increase brand awareness, catalyze customer action and improve ROI on their advertising spend. The objective is to assist advertisers so that the consumer appreciates the targeted content, the advertiser obtains a significantly improved return on investment, and the publisher shows higher quality and better paying ads. For more information about the interCLICK Network, visit http://www.interclick.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulty in developing, exploiting and protecting proprietary technologies, intense competition and additional risks factors as discussed in the Form 10KSB dated April 15, 2008 filed by the company with the Securities and Exchange Commission, which are available on its website at http://www.sec.gov.
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