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FOR IMMEDIATE RELEASE Contact: Eric Yaverbaum “INTERNET WHIZ ADULTS” … THEY’RE BACK! THE FOUNDERS OF ONE OF THE FIRST SUCCESSFUL If the “Holy Grail” of advertising is word of mouth…..then LoyalTV.com NEW YORK (April 1, 2008) – After the Internet meltdown of 2001, FindWhat.com (“FindWhat”), since renamed Miva (Nasdaq:MIVA) – one of the most prominent pay-for-performance search companies of its time – who went head-to-head with AOL (NYSE:TWX), Yahoo (Nasdaq:YHOO), Google (Nasdaq:GOOG) and LookSmart (Nasdaq:LOOK), not only survived the dot-com shake out, it thrived. FindWhat emerged as the first profitable, publicly-traded Internet pay-for-performance search company, and it went on to generate more than $200 million in annual revenue. At its peak, FindWhat reached just under 1 billion dollars in market capitalization. LTV’s corporate objective is to create the leading Internet destination for personal broadcasting, which focuses on real consumer experiences relating to brands, products, and services. In an era when advertisers are challenged to find effective and efficient ways to reach consumers who are tuning out of traditional mediums and are more responsive to “buzz” from their peers, LTV represents a smart and natural evolutionary step in the progression that’s already begun to happen on the net. Jones stated that “in the future, the peer groups themselves will be the shepherds of the brands. We will seek out and watch other people’s opinions and experiences, before making purchase decisions.” Brahms adds, “Word of mouth is the world’s best advertising. Brands call it loyalty. We call it LoyalTV.” LoyalTV.com is being launched as an Internet destination that will delight (and attract) advertisers and corporate sponsors, while empowering consumers to both share and learn about the products and brands they’d rather hear about from their peers. Brahms, Jones and McKeague are riding the perfect storm – the same kind of perfect storm that spawned the waves they rode when they started FindWhat. They’re back for more! ### |
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