ST. LOUIS, Nov. 17, 2004 (PRIMEZONE) -- AdOne Media, Inc. (Pink Sheets:ADON) today announced that Install Group Worldwide (see recent Letter of Intent) has been winning business as the "Preferred Vendor" for large national fortune 500 companies for vehicle decal removal. Jim Neumann, President stated, "Under a measure mandated by Homeland Security, any and all companies nationwide with vehicles that have access to government buildings must remove all decals and obtain a certificate of completion before disposing of the decommissioned vehicle either by sale or auction. If you think about the types and numbers of companies that have access to government facilities, the numbers of vehicles in the U.S. alone numbers in the 10's of millions. Every company with a large fleet is continuously decommissioning a certain number of vehicles per year. All of these vehicles must go through the de-identification process. With average costs ranging from $400 to $4,000 per vehicle, it is our expert opinion that the potential market could reach into the billions over the next several years for this unique federally mandated service. Install Group is positioning itself to capture just 5-10% percent of this rapidly growing marketplace." The types of companies that must comply with this measure are all household names.
Since 1994, Install Group Worldwide has built a reputation for dependability and quality of the highest standard. From design to production to installation, IGW can provide customers with Customized Fleet Graphics, Retail Signage, or OEM Graphic Applications. IGW provides a nationwide network of installers and graphic suppliers enabling advertisers and companies to facilitate a complete nationwide rollout simultaneously. Over the years, IGW has successfully completed national programs for U.S. Postal Service, Fed-Ex, Storage USA, and many more. For more information on Install Group, go to www.installgroupinc.com. Previous to this acquisition, AdOne Media utilized the services of Install Group for its advertising projects including the design, printing, and installation of all types of signage. The acquisition should greatly increase the margins for AdOne on the outsourcing of its own projects as well as provide AdOne additional revenue opportunities for media placement from customers of Install Group.
AdOne Media, Inc. is a unique media company specializing in the Out of Home advertising space. Out-of-home media has grown at almost twice the rate of in-home media over the past decade. The main reason is because more and more people are spending time outside of their homes, which enables out-of-home media to become an increasingly more efficient advertising conduit. Unlike other forms of media, out-of-home can create an impression with consumers close to a point of sale or be a constant reminder throughout the course of daily activity.
AdOne's core competencies include: digital delivery of dynamic media, scrolling signs, mobile billboards, bus and taxi wraps, and other more traditional signage. AdOne's advertising vehicles may be viewed in places like: parking garages, grocery stores, c-stores, movie theaters, taxi cabs, shopping malls, etc.
Matters discussed in this press release are "forward-looking statements." Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.
For more information about AdOne Media, Inc. and opportunities for advertising: www.adonemedia.com