ST. LOUIS, Dec. 7, 2004 (PRIMEZONE) -- AdOne Media, Inc. (Pink Sheets:ADON) today announced the finalization of terms with Install Group Worldwide, Inc. Under the terms of the purchase, AdOne will issue a note for $500,000 in favor of the stockholders of Install Group as well as provide them with an override of 10% of sales for the next three years. Jim Neumann stated, "The acquisition of Install Group will provide a tremendously solid backbone for the growth of AdOne Media. Install Group has had a ten year successful track record. With current contracts in place, Install Group should provide AdOne Media with revenues in '05 in excess of $10 million dollars with operating margins in the 45% range." The acquisition will be finalized no later than Dec. 31, 2004 and AdOne is scheduled to take over operations as of Jan. 1, 2005.
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, USA Storage, and many more. For more information on Install Group, go to http://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: http://www.adonemedia.com