InfoSearch Media Announces New Equity Financing
13 Junio 2008 - 7:00AM
Marketwired
MARINA DEL REY, CA , a comprehensive Internet search marketing
firm focused on driving more traffic and conversions to client
websites, today announced the sale of additional equity and the
election of two of the Company's major shareholders to its Board of
Directors. For more information, please refer to the Company's
recent 8-K filing.
In addition, on June 10, 2008, the Company filed an amendment to
its 10-Q for the first quarter of 2008 to reflect its auditor's
consent of review and a positive net change from a net loss of
($198,532) to net earnings of $271,530. This change of more than
$470,000 was primarily due to the revaluing of certain warrant
liabilities to be more consistent with Generally Accepted
Accounting Principles (GAAP), as opposed to a change in operational
performance. This did result in a change in EPS to a positive
$0.01from ($0.01). For more information, please refer to the
Company's recent Form 10-Q/A filing.
About InfoSearch Media
InfoSearch Media (http://www.InfoSearchMedia.com) is a leading,
comprehensive Internet search marketing firm providing search
optimized text and Web video content, Pay-Per-Click campaign
management and SEO services all designed to drive more traffic and
conversions to client websites. InfoSearch Media's team of hundreds
of professional writers, editors, technical specialists and video
producers helps businesses succeed on the Web by implementing
cost-effective Internet marketing solutions designed to deliver
more web traffic for customers of every size. Whether a business
needs more local traffic in 100 cities or is a content publisher
with an ongoing need for fresh, targeted Web content, InfoSearch
Media offers the outsourced solutions, capacity and reputation to
help clients secure Internet traffic. Incorporated in 2000, the
publicly traded Company is headquartered in Marina del Rey,
California.
Safe Harbor Statement
This release contains "forward-looking statements" that involve
risks and uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements.
Management assumes no obligation to comment on or provide an update
to its stock purchases or sales in the future except as
specifically required by law and by the Securities and Exchange
Commission. Factors that might cause such differences include, but
are not limited to the challenges of attracting new customers and
maintaining existing customers and developing, deploying and
delivering InfoSearch services; competition from existing and new
competitors; the ability to generate sufficient cash flow or
otherwise obtain funds to repay new or outstanding indebtedness;
the loss or decline in business from our key customers and other
risks described from time to time in InfoSearch's filings with the
Securities and Exchange Commission. In particular, see InfoSearch's
Annual Report on Form 10-K for the year ended Dec. 31, 2007, filed
with the Securities and Exchange Commission, copies of which are
available upon request from InfoSearch. InfoSearch does not assume
any obligation to update the forward-looking information contained
in this press release.
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Contacts: Investors Scott Brogi CFO 310.437.7550
IR@infosearchmedia.com Media Len Simpson 310.437.7546
len.simpson@infosearchmedia.com
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