InterSearch Reports Preliminary Second Quarter Financial Results
2007年7月3日 - 9:30PM
ビジネスワイヤ(英語)
InterSearch Group, Inc. (AMEX:IGO), a leading operator of industry
specific destination portals such as www.Banks.com, www.IRS.com and
www.Camps.com and provider of Internet search services, today
announced preliminary financial results for the second quarter
ended June 30, 2007. InterSearch Group currently expects second
quarter total revenue of approximately $6.8 million to $7.0 million
representing a 6% to 9% year over year growth rate. Second quarter
EBITDA1 is expected to be approximately $1.1 million - $1.2
million. �The shortfall in our expected revenue and EBITDA was
primarily the result of a one-time credit made to advertisers in
connection with a new traffic source which fell short of our
quality standards,� said Dan O'Donnell, Chairman and Chief
Executive Officer of InterSearch Group. �We maintain a stringent
set of quality standards in order to ensure a high value
proposition for our advertisers. Our data warehouse and extensive
set of analytical tools allowed us to detect, isolate, and
terminate this traffic source and proactively work with our
advertisers and network partners to remedy the issue and prevent
future occurrences.� �Despite this one-time credit to advertisers,
our business remains very strong and traffic to our properties
continues to grow. We are especially pleased with progress of
Banks.com. This domain is gaining traction with users and
advertisers, and is expected to become a significant revenue
contributor. We will provide a full financial and operating update
as well as guidance for the third quarter ended September 30, 2007,
on our regularly scheduled earnings call,� concluded O�Donnell.
These results are unaudited and preliminary and actual results may
vary. Final results for the second quarter ended June 30, 2007 will
be reported by InterSearch Group on August 14, 2007 and a
conference call regarding the final results will be held on such
date. Forward Looking Statements This press release contains
forward looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve substantial
risks and uncertainties, including statements regarding our
expected financial results for the second quarter of 2007. Forward
looking statements, which are based on management�s current
expectations, are generally identifiable by the use of terms, such
as �anticipates,� �believes,� �could,� �estimates,� �expects,�
�intends,� �may,� �plans,� �possible,� �potential,� �predicts,�
�projects,� �should,� �would� and similar expressions. Forward
looking statements contained in this press release include
statements regarding: guidance for second quarter 2007 with respect
to revenue and EBITDA and expectations regarding growth rate for
second quarter 2007. The potential risks and uncertainties that
could cause actual results to differ materially from those
expressed or implied herein include, among others, untimely
detection and termination of traffic sources which fall short of
our quality standards; unanticipated slowdown in the travel and
financial verticals; uncertainties related to the acceptance by
customers of our enhanced versions of www.Banks.com and
www.Camps.com; unexpected diversion of advertising dollars away
from the Internet; slower than anticipated growth rate of
InterSearch Group�s advertising base; dependence on our search
providers; and market development of Internet advertising and paid
search services. Further information on the factors that could
affect InterSearch Group�s financial results is included in our
filings with the Securities and Exchange Commission, including our
Annual Report on Form 10-KSB for the fiscal year ended December 31,
2006, our quarterly reports on Form 10QSB and our Current Reports
on Form 8-K. Except as required by law, we assume no responsibility
to update these forward looking statements publicly, even if new
information becomes available in the future. Non-GAAP Financial
Measures InterSearch Group�s management evaluates and monitors
performance for InterSearch Group primarily through EBITDA. In
addition, EBITDA is presented because management believes it is
frequently used by securities analysts, investors and others in the
evaluation of companies. EBITDA is calculated by adding income
taxes, interest expense, depreciation and amortization to net
earnings. EBITDA is not defined under GAAP2 and should not be
considered in isolation or as a substitute for net earnings and
other consolidated earnings data prepared in accordance with GAAP
or as a measure of InterSearch Group�s profitability. About
InterSearch Group, Inc. InterSearch Group is a leading operator of
industry specific destination portals and provider of Internet
search services through a combination of traffic aggregation and
proprietary websites, such as www.Banks.com, www.IRS.com and
www.Camps.com. InterSearch Group operates in the fastest growing
segments of Internet commerce including paid search, direct
navigation and online marketing driving high quality traffic to
advertisers and providing users with quick access to pertinent
products and services. Through its corporate services division,
InterSearch Group also provides Internet technology related
professional services to large corporations, predominantly in the
Financial Services industry. InterSearch Group is headquartered in
San Francisco, California at 222 Kearny Street, Suite 550, and can
be reached via telephone at 415-962-9700. More information about
InterSearch Group can be found at: www.InterSearch.com. 1 EBITDA is
a non-GAAP financial measure. This measure may be different from
non-GAAP financial measures used by other companies. We encourage
investors to review the section below entitled �Non-GAAP Financial
Measures� and to review the reconciling adjustments between the
GAAP and non-GAAP measures attached to this press release. 2
Generally Accepted Accounting Principles in the United States of
America.
Intersearch Grp. (AMEX:IGO)
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