CLEARWATER, Florida and STOCKHOLM, Sweden, April 27, 2007 (PRIME NEWSWIRE) -- Eastpoint (Swedish NGM Stock Market (Initials EAST B)) daughter company Getupdated headquarter in Stockholm Sweden said Thursday that it had agreed to buy eTrafficJams, a renowned USA Florida based Search Engine Optimization company (http://www.etrafficjams.com/) that helps web sites with Internet marketing, as Eastpoint (Getupdated) tries to grab a bigger share of the booming global market in Internet Advertisement.
The deal would be Eastpoint's (Getupdated) first major acquisition in the United States with plans of continuing expansion. "If you want to get a good hold on the USA Search Optimization sector, eTrafficJams is one of the best bet," said Mattias Kaneteg CEO for Getupdated.
Internet advertisement grows faster then 25 percent per year, according to media sources. Eastpoint (Swedish NGM Stock Market (Initials EAST B)) is a healthy growing stock and for the last year has had reputation for quality acquisitions within the Internet Marketing field. Getupdated, which is owned by Eastpoint (Swedish NGM Stock Market (Initials EAST B)), with a fascinating growth of 437% on the first quarter, already owns Media Analys, MIG Group, Affiliator (selected top 10 Internet company in Sweden) and RYCE Media which are renowned Search Engine/ Internet Marketing companies in the Nordics.
eTrafficJams' main business model is Search Engine Optimization based on Pay for Performance; this means that clients only pay a monthly fee for top 10 organic search engine rankings. The company operates out of Florida State but with Getupdated its potential reach will be expand through all of the United States and Europe. Eastpoint (Getupdated) hopes to boost its Internet advertising presence in the USA after it opens in UK and Norway.
"Eastpoint Getupdated is a great fit for our organization -- we can compliment our existing range of services with their actual offering," said Michael Pedone CEO of eTrafficJams (http://www.etrafficjams.com/).
About Eastpoint:
Eastpoint's mission is to help companies develop their businesses on the Internet. We help over 60,000 clients with:
Addmind IT-solutions AB; Intranet, Websites, Portals and E-commerce. Crystone AB; web hosting, co-location, dedicated servers and domain names. Getupdated AB; Internetmarketing Search Engine Optimization, through Search Engine Marketing, Banner Network and Affiliate Marketing.
Eastpoint group has 146 employees in our Stockholm (Arsta), Norrkoping, Boras, Malmo, Kristiansad, Trondheim, Oslo, Miami and London. Eastpoint is enlisted in the Swedish NGM Stock Market (Initials EAST B). www.eastpoint.eu