HENDERSON, Nev., May 17– Beyond Commerce, Inc. (OTC BB: BYOC) announced today that it has completed its acquisition of the online media and marketing company, AdJuice, Inc. (www.adjuice.com).
AdJuice, Inc. is a leading online Advertising Network and Lead Generation company with over 22 million registered users, 700 affiliates and 350 retail clients in six major industries. They currently offer sales leads for debt companies, auto warranty companies, auto dealers, banks and insurance companies.
The unique AdJuice platform provides a premium service that consistently commands some of the highest rates for leads sold in their respective industries. Its process of generating online consumer requests for services, and then qualifying them using its proprietary technology and dedicated call center, is supported by more than $7 million invested in developing the Company’s proprietary technology.
“Joining Beyond Commerce is a very positive step in our company’s growth plan,” states AdJuice CEO and Founder, Matt Hill. “The combination of extensive resources, broad industry expertise and a combined veteran management team will allow us to establish a powerful hub for future acquisitions.”
“On the heels of this transaction, we look to continue to add other synergistic and profitable technology businesses to our rapidly expanding portfolio of successful media and advertising-oriented web properties,” adds Beyond Commerce CEO, Robert McNulty.
“We believe there are numerous market segments in the ad networking, online advertising and local advertising space industries which are extremely fragmented,” McNulty notes. “There is a tremendous amount of potential for unlimited growth opportunities for companies with a successful roll-up strategy. This highly successful strategy is currently being employed by Internet Brands. We at Beyond Commerce believe that we can grow our business at very rapid pace and make 3 to 4 acquisitions per year and achieve our revenues and earnings goals for our shareholders.”
According to the Yankee Group, the U.S. online advertising market will reach $50.3 billion in revenue by 2011, more than doubling 2007 levels. This 24 percent annual growth trend is expected to continue as brands increase their online ad spending and publishers improve ad targeting, inventory and yield management.
The internet accounts for approximately 20 percent of overall media consumption in the U.S., but currently advertisers invest only 7.5 percent of their budget online. As a result, there is great potential for marketplace growth as advertisers bridge the gap. By 2011, nearly 25 percent of all media consumption will be online, drawing 15 percent of the advertising dollars.
About Beyond Commerce, Inc.
Beyond Commerce, Inc. is a multi-faceted business serving as an e-commerce solution for high traffic web properties. We are a new media company in the Ad Networking, Online Advertising, Lead Generation and Local Advertising marketplace. For more information visit www.beyondcommerce.com.
About AdJuice, Inc.
AdJuice is an action-advertising network that combines both original and exclusively sourced campaigns, premier payouts and unrivaled accountability. The company is managed by a veteran executive team with over 12-years of experience in Lead Generation, E-Commerce and Affiliate Marketing. The AdJuice network distributes leads to over 350 retail clients along seven major verticals, offering top payouts across the board. The Company owns and manages over 120 Websites, fully optimized for brand recognition and conversion performance, and supported by over $7 million in invested technology. The AdJuice mission is to strive for continued innovation within the Performance Marketing and Lead Generation industries, while consistently delivering quantifiable results to both its upstream and downstream partners. For more information visit www.adjuice.com.
Safe Harbor Statement:
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting Beyond Commerce, Inc. operations, markets, products and prices and other factors discussed in the Company’s various filings with the Securities and Exchange Commission.