ST. LOUIS, Dec. 1, 2004 (PRIMEZONE) -- AdOne Media, Inc. (Pink Sheets:ADON) today announced that Install Group Worldwide (see recent Letter of Intent) has been awarded "Preferred Vendor" status for the Penske group of companies. The Preferred Vendor status was given to Install Group for vehicle decal removal and de-identification of vehicles within the entire fleet owned and operated by the Penske group of companies. Jim Neumann, President stated, "Being named Preferred Vendor with an organization like Penske is quite an honor. We look forward to providing Penske with the highest quality work on a nationwide basis. With 200,000+ vehicles in their fleet, Penske is an ideal client for the types of services provided by Install Group Worldwide. This announcement is hopefully the first of many to come as we expand our unique services into other Fortune 500 organizations like those previously discussed."
About Penske
Penske, headed by race car legend, Roger Penske, is a leading diversified transportation firm. Penske is a partner with GE Equipment Management in Penske Truck Leasing, a commercial truck rental operation with about 200,000 vehicles at about 1,000 locations. Penske owns more than 40% of publicly traded United Auto Group (UAG) which runs more than 200 franchised dealerships in some 20 states, Brazil, Puerto Rico, and the UK. Through Penske Automotive the company operates five car dealerships in California. Truck-Lite makes safety lights for boats, buses, cars, commercial trucks, construction equipment, and recreational vehicles. Roger Penske is the majority owner of the company.
About Install Group
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 US 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. AMI's core competencies include: digital delivery of dynamic media, scrolling signs, mobile billboards, bus and taxi wraps, and other more traditional signage. AMI'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