Marchex, Inc (MCHX)

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Marchex to Report Second Quarter 2009 Results on August 5


Marchex, Inc. (NASDAQ:MCHX), a leading local search and performance advertising company, today announced that it will release financial results for its second quarter 2009 ended on June 30, 2009, on August 5, 2009, at approximately 4:30 p.m. ET. At that time, Marchex will also post the press release on the News section of its corporate Web site (www.marchex.com/marchex-news/).


Following the release, management will hold a conference call, starting at 5:00 p.m. ET on August 5, to discuss the results and outlook for the company. A live webcast will be available on the Earnings Releases area of the Investor Relations section of the Marchex Web site (www.marchex.com/investors/events), where an archived version of the webcast will be also available, beginning two hours after completion of the call.

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Marchex Announces Regular Quarterly Dividend for Common Stock


Marchex, Inc. (NASDAQ:MCHX), a leading local search and performance advertising company, today announced that the company's Board of Directors has declared a regular quarterly dividend in the amount of $0.02 per share on its common stock. Marchex will pay these dividends on August 17, 2009 to the holders of record as of the close of business on August 7, 2009. As of July 16, 2009, 10,869,216 shares of Class A common stock and 25,305,928 shares of Class B common stock are outstanding.


Marchex commenced the payment of a regular quarterly cash dividend on its common stock on February 15, 2007. The company intends to pay a regular quarterly dividend on its common stock for the foreseeable future at the discretion of the Board of Directors depending on available cash, anticipated cash needs, overall financial condition, future prospects for earnings and cash flows as well as other relevant factors.

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John Keister sold 30000 shares July 1st

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Michael Arends sold 15000 shares July 1st

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Ethan Caldwell sold 45000 shares July 1st

[Grassrootpartners12]

IGPN - Looks like they will soon be bigger than Marchex if they keep this up.

IGPN just bought banks.com.

I have been told that Marchex's big winner was debts.com...

I think banks.com is a much better domain and if they do have of what they did with banks.com as they did with irs.com they will have a huge winner on their hands.

This will also help them to reduce the seasonality of their business! This is huge news for the company and good to see they are executing on their acquisition stategy - they also said in their conf call they are only making accretive acquisitions - so I take it that this one was as well! Don't think they have released terms yet though.

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Good Lord, I can't believe the part in bold. From Netcraft.com:

"Search-Optimized Domain Portfolio Sells for $164 Million Around the Net"

Internet marketing firm Marchex Inc. has finalized a deal to pay a whopping $164.2 million for Name Development Ltd., which displays keyword advertising across a portfolio of more than 100,000 domains. The deal, along with the recent sale of a misspelled domain name for $112,000, offers evidence that mistyped URLs and other "accidental traffic" have become big business.

The pricetag on the sale of Name Development is more than the $155 million paid by SAVVIS Communications to acquire Cable & Wireless America, and nearly as much as the $176 million Freenet paid for the hosting operations of Germany's Tect AG. SAVVIS gained about 350K hostnames in the C&W deal, while Freenet acquired 2.2 million hostnames from Tect.

Given those valuations, why would Marchex pay $164 million for an obscure company that owns 100,000 domains? The deal was driven by the growth of Internet keyword advertising, which has enhanced the value of domains that can attract traffic without any original content, allowing speculators to turn typos and search-optimized advertising sites into dollars.

Marchex estimates that the Name Development portfolio had more than 17 million unique visitors in November. The traffic comes primarily from Internet information seekers who type a topical domain name into their browser, hoping to find a useful site. For example, a job seeker typing careerinfo.com would reach a Name Development page populated with job-related keyword advertising from Overture. Other domains in Marchex' new portfolio include debts.com, rentguide.com and hardware-update.com, which at one time was owned by Microsoft and linked from error messages in the Windows 2000 operating system. Name Development, also known as UltSearch, snapped up the name in 2003 when Microsoft let its registration lapse.

The value of the portfolio would likely be unaffected by possible changes at Google regarding domain resales, since traffic at the Marchex domains is driven by "direct navigation" - accessing a site via a bookmark or typing the URL into the browser, as opposed to a link or search engine listing.

The closing of the Marchex deal comes several weeks after the domain voyuer.com was auctioned for $112,100 at Snapnames, the highest sale price ever for a misspelled domain name, according to Domain Name Journal, and among the top 100 domain resales of all time.

The boom in the domain resale market come as first-time domain sales by registrars are getting cheaper amid a price war by hosting companies. New domains are available for as little as $4.95 a year.

Posted by richm at February 22, 2005 03:34 AM / Subscribe

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Marchex Reports Fourth Quarter and Full Year 2004 Financial Results

SEATTLE--(BUSINESS WIRE)--Feb. 3, 2005--Marchex, Inc. (NASDAQ:MCHX), a provider of technology-based merchant services that facilitate and drive growth in online transactions, today announced its results for the fourth quarter 2004 and for full year ended December 31, 2004.

-- Revenue was $15.1 million for the fourth quarter of 2004, a 103% increase compared to $7.5 million for the same period of 2003.

-- Adjusted operating income before amortization was $2.4 million for the fourth quarter of 2004, which is after the reduction of $179,000 of depreciation charges. Adjusted operating income before amortization increased 234% compared to $731,000 for the same period of 2003, which is after the reduction of $116,000 of depreciation charges. A reconciliation of non-GAAP adjusted operating income before amortization to GAAP operating income/loss and GAAP net income/loss is attached to the financial tables included in this release.

-- GAAP net income applicable to common stockholders was $607,000 for the fourth quarter of 2004, or $0.02 per share, compared to a GAAP net loss of $1.1 million for the same period of 2003, or $0.09 per share.

Full year 2004 results:

-- Revenue for the year ended December 31, 2004 was $43.8 million; for the combined period of January 1, 2003 to February 28, 2003 and January 17, 2003 (inception) to December 31, 2003 (the Combined 2003 Period), revenue was $23.0 million.

-- Adjusted operating income before amortization was $5.5 million for 2004, which is after the reduction of $623,000 of depreciation charges; for the Combined 2003 Period, adjusted operating income before amortization was $2.7 million, which is after the reduction of $322,000 of depreciation charges. A reconciliation of non-GAAP adjusted operating income before amortization to GAAP operating income/loss and GAAP net income/loss is attached to the financial tables included in this release.

-- GAAP net loss applicable to common stockholders was $1.2 million for 2004, or $0.05 per share; for the Combined 2003 Period, GAAP net loss applicable to common stockholders was $3.2 million, or $0.24 per share.

"Marchex made significant progress throughout 2004," said Russell C. Horowitz, Chairman and Chief Executive Officer. "In addition to delivering strong financial results, Marchex continued to build on its foundation for the future by accomplishing several important objectives during the course of 2004."

2004 company milestones included the following:

-- Developed Comprehensive Search Marketing Services and Distribution Platform. Marchex has developed a search marketing services platform that includes pay-per-click, feed management, advertising campaign management and search engine optimization services. This technology platform allows an online merchant to sell their products or services through multiple online search channels, including search and directory, product shopping and direct navigation.

-- Established a Position in Local Search Monetization. Marchex believes that it is among the leaders in enabling the monetization of local search through outsourcing its search marketing services platform to large aggregators of local merchants, including yellow page companies and others.

-- Established a Position in Direct Navigation. Upon the anticipated completion of the Name Development Ltd. asset acquisition, Marchex believes that it will be among the leaders in the direct navigation market with an established primary source of organic online user traffic of more than 17 million unique monthly visitors as of November 2004. The addition of Name Development's assets will create opportunities for Marchex's merchant advertisers to acquire more customers on a targeted basis.

-- Completed Initial Public Offering. Marchex reached an important milestone by successfully completing its initial public offering in April 2004.

Strategic Alliance

Marchex also announced that in connection with the closing of the Name Development asset acquisition and in furtherance of its overall strategic alliance with Overture Services, Inc. ("Overture"), Marchex intends to enter into (i) a new master agreement with Overture with respect to Marchex's direct navigation business, and (ii) a license agreement with Overture with respect to certain of Overture's patents, including but not limited to U.S. Patent No. 6,269,361, pursuant to which Marchex will pay $4,500,000 in an upfront payment (and an additional $674,000 in certain circumstances) and a royalty based on certain percentages of certain of Marchex's gross revenues payable on a quarterly basis through December 2016, which royalty amount is currently estimated to be between $1,000,000 and $3,000,000 in aggregate for 2005.

"As Marchex continues to grow, we look forward to building on our relationships with various strategic partners," Horowitz added. "We finished 2004 on a strong strategic and financial note and reflecting this, we look forward to sharing additional specifics as well as our updated financial outlook in our upcoming conference call."

Business Outlook and Conference Call

Marchex anticipates scheduling a conference call during the week of February 14, 2005 to discuss its fourth quarter 2004 and 2004 fiscal year end results, to provide updates on the anticipated closing of the proposed financing and the Name Development asset acquisition and to provide an overview of its 2005 business outlook.

About Marchex, Inc.

Marchex (www.marchex.com) provides technology-based merchant services that facilitate and drive growth in online transactions, Marchex connects merchants with consumers who are searching for information, products and services on the Internet. The company's platform of integrated performance-based advertising and search marketing services enables merchants to more efficiently market and sell their products and services across multiple online distribution channels, including search engines, product shopping engines, directories and selected Web properties.

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050203005...

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Marchex Announces Pricing of Public Offerings of Class B Common Stock and 4.75% Convertible Exchangeable Preferred Stock

SEATTLE--(BUSINESS WIRE)--Feb. 8, 2005--Marchex, Inc. ("Marchex") (Nasdaq:MCHX) today announced the pricing of public offerings of 8,000,000 shares of Class B common stock at a public offering price of $20.00 per share and 200,000 shares of 4.75% convertible exchangeable preferred stock with a liquidation preference of $250 per share. Each share of preferred stock is convertible into 10.2041 shares of Marchex Class B common stock based on an initial conversion price of $24.50 per share. An annual dividend of 4.75% will be payable quarterly in arrears. The estimated aggregate net proceeds from the offerings will be $199,350,000. In addition, Marchex has granted the underwriters an option to purchase up to 1,200,000 additional shares of Class B common stock and up to 30,000 additional shares of preferred stock to cover over-allotments, if any. All of the shares of common stock and preferred stock are being offered by Marchex. The preferred stock will be listed on the NASDAQ National Market under the symbol "MCHXP" (Nasdaq:MCHXP).

Marchex intends to use the net proceeds from the offerings to fund the pending Name Development Ltd. asset acquisition and for working capital and other general corporate purposes, including potential future acquisitions.

Piper Jaffray & Co. is serving as the lead manager and sole book-runner for the offerings, and RBC Capital Markets, Thomas Weisel Partners LLC, and Sanders Morris Harris, with respect to the common stock offering only, are acting as co-managers. Copies of the final prospectus may be obtained by contacting: Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, MN 55402, 612-303-6000.

A registration statement relating to these securities has been filed with the SEC and was declared effective February 8, 2005. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Marchex, Inc.

Marchex (www.marchex.com) provides technology-based merchant services that facilitate and drive growth in online transactions. Marchex connects merchants with consumers who are searching for information, products and services on the Internet. The company's platform of integrated performance-based advertising and search marketing services enables merchants to more efficiently market and sell their products and services across multiple online distribution channels, including search engines, product shopping engines, directories and selected Web properties.