NEWPORT BEACH, CA — (Marketwired) — 11/14/13 — Accelerize New Media, Inc. (OTCBB: ACLZ), owner and operator of CAKE, a highly-scalable enterprise Software-as-a-Service (SaaS) platform providing business intelligence to performance-based marketers — from acquisition to conversion, today announced financial results for its fiscal third quarter ended September 30, 2013.
“Continued growth in net customer acquisitions contributed to record third quarter revenues,” said Brian Ross, Accelerize New Media, Inc. Chairman and CEO. “Our investments in sales and marketing has helped drive these top-line results, while we continue to innovate on the product-side with an ongoing investments in R&D. As advertisers look for a higher return on investment, marketing budgets are increasingly shifting towards performance-based campaigns, and we are well positioned to benefit from these market dynamics.”
: Total revenues for the quarter increased 61% from $1.57 MM to $2.53 MM year over year, driven by a 58% increase in the average number of clients. Year to date revenues increased 78% from $3.9MM to $6.95 MM. International revenues also grew from 4% to 10% of revenues over the nine-month period year over year. We expect future revenues to be driven by organic growth, international expansion, and increased sales efforts.
: Operating income from continuing operations remained positive at $92,681, as management continued to invest in both marketing efforts and R&D initiatives. Up-front expenses related to developing and integrating European operations also impacted operating income. We plan on spending in a way that accelerates revenue growth and builds long-term shareholder value.
: We ended the quarter with no long-term debt and cash and cash equivalents of $1,030,099 as of September 30, 2013, an increase from $231,926 during 2012. The increase in cash and cash equivalents provides us with greater flexibility to invest in growth initiatives, and adds to our shareholders- equity of $2,185,955. We strive to maintain a balanced capital structure to support consistent long-term growth.
Accelerize New Media, Inc. (OTCBB: ACLZ) owns and operates CAKE, an enterprise SaaS (Software-as-a-Service) platform providing business intelligence to performance-based marketers from acquisition to conversion. With an easy-to-use interface and real-time reporting, performance-based marketers can quickly setup, manage, and optimize their campaigns. Seamless integration with external services through a robust API provides clients with a single dashboard that helps increase revenues, lower operational costs, and improve the ROIs of their campaigns. To learn more, visit .
This press release may contain forward-looking statements from Accelerize New Media, Inc. within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we say that we are well positioned to benefit from market dynamics and when we describe our expectations for our future growth, revenues, and shareholder value, we are using forward-looking statements. These forward-looking statements are based on the current expectations of the management of Accelerize New Media only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; our technology may not be validated as we progress further; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; unforeseen market and technological difficulties may develop with our products and services; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Accelerize New Media to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Accelerize New Media undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Accelerize New Media, reference is made to Accelerize New Media-s reports filed from time to time with the Securities and Exchange Commission.
Brian Ross
Chairman & CEO
(310) 710-0578
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