GoAdv Announces Delisting From France's Alternext of NYSE Euronext Market
By Goadv, PRNESunday, June 6, 2010
DUBLIN, June 7, 2010 - The GoAdv Group, one of Europe's fastest growing digital media
companies (Source: GP Bullhound Media Momentum Awards, 2010) and Red Herring
Europe 100 winner 2010, has today announced a delisting from France's stock
exchange, the Alternext of NYSE Euronext (www.goadv.com).
"GoAdv is experiencing phenomenal growth in the emerging
content on demand sector which is fundamentally changing the way content is
produced, distributed and monetised online. With the recent acquisition of
Associated Content by Yahoo Inc and other consolidation activity, we believe
the company will be better positioned for growth and other strategic
opportunities as a private entity. Due to GoAdv's strong cash position, our
delisting will allow us to pursue expansion opportunities while continuing to
increase cost efficiencies in our business," said Luca Ascani, Chairman,
GoAdv Group.
During the three years as an Alternext listed company, GoAdv
has fast become European leader in the production, distribution and
monetisation of content on demand, achieving significant milestones during
the process. Since 2006, the company has grown the number of its unique
monthly users by 150%, from 8 million to 20 million and its revenues by 320%,
from EUR10 million to EUR42 million in 2009.
GoAdv now has a network of over 500 niche media properties
including recognised brands such as Excite, Better Deals, Nanopublishing and
Blogosfere. It produces content in 8 different languages supported by a staff
of 140 employees worldwide.
By leveraging the Alternext listing for key fund raising
activities, the company was able to finance its acquisition of the Excite
Europe in 2007. As a result of both organic and external growth, the company
has now become the European leader in the content on demand sector. This has
been achieved through the company's unique technology platform that comprises
of an extensive database of search terms and a proprietary algorithm that
identifies the types of content that users search for and advertisers can
monetise.
"GoAdv's strategic plans for the coming year include both
organic and external growth and to increase our online reach and market share
of the online media sector. In particular, the growth of content production
through an innovative crowdsourcing model with an emphasis on multi
languages, quality and scalability will enable us to strengthen our market
position," concludes Salvatore Esposito, CEO, GoAdv Group.
About GoAdv
The GoAdv Group is one of Europe's fastest growing digital
media companies (GP Bullhound Media Momentum 2010) and winner of the 2010 Red
Herring Europe 100. Created in 2004 the Group crowdsources, distributes and
monetises over 15,000 items of compelling, multilingual content per month
through a network of over 500 fully owned and operated niche websites
including Excite Europe, Better Deals, Blogosfere and the Nanopublishing
network. The media properties generate over 20 million unique monthly users
(Source: Comscore Jan 2010).
GoAdv is a pan-European company and has a staff of over 140
working across offices in Italy, Ireland, and Asia. Active in the UK,
Germany, Netherlands, France, Italy, Spain, Sweden, US, Australia, Russia and
Brazil.
www.goadv.com
Contacts GoAdv: Amanda Lorenzani, Head of Media Relations lorenzani@goadv.com Herve Guyot, Investor Relations guyot@goadv.com
Contacts: GoAdv: Amanda Lorenzani, Head of Media Relations, lorenzani at goadv.com, +44(0)7900-255-970; Herve Guyot, Investor Relations, guyot at goadv.com
Tags: Dublin, Goadv, ireland, June 7