WPNC MERGER NEWS OUT: West Point Capital Merges with Intelective Communications, Inc.
May 23, 2007 8:18:00 AM
Copyright Business Wire 2007
SACRAMENTO, Calif.--(BUSINESS WIRE)--
West Point Capital, Inc (Pink Sheets:WPNC) is announcing today a merger with Intelective Communications, an established online advertising agency that owns an ad network of web sites.
"We have been providing very sophisticated online marketing consulting services, with emphasis on search engine positioning in excess of seven years and have a network of 50 revenue producing web sites that are focused on the automotive vertical," said Lee Traupel, CEO of Intelective Communications, Inc. "The online advertising market is growing rapidly at a rate of approximately 28% per annum, generating over $4.2 Billion in revenue in Q-4 of 2006 and global search revenue is projected to increase from $4.5 billion in 2005 to $13B by the year 2010 - we want to leverage this tremendous growth through acquisitions and investment in the build out of our advertising network to drive incremental revenue."
"Clearly the online advertising market is extremely dynamic and larger media companies are aggressively acquiring smaller firms in order to shorten time to market and grab market share - we've seen three large deals in the online advertising space in the last few weeks: Google's acquisition of Double Click for $3.1 Google Buys DoubleClick for $3.1 Billion - New York Times, Yahoo's acquisition of Right Media for $680 million and Microsoft's buy out of aQauntive for $6 billion. We have no assurances that we would ever command this type of a premium in the marketplace, but we do want to aggressively position ourselves for future growth."
About Intelective Communications, Inc.
Intelective Communications, Inc. (http://www.intelective.com)
is a leading provider of online advertising services including: domain selection and development, pay per click campaign management, search engine optimization, online media buying and planning, web site design and search engine targeted text and multimedia content development. The company has an ad network of 50 web sites that are targeted for the automotive vertical but is also building out a network of sites to address the Travel, Financial Services, Pharmaceuticals, Medical and general purpose Consumer vertical markets.
Founded in 1999, Intelective Communications, Inc. is headquartered in the Sacramento, California area and is managed by an experienced team of executives. The company has partnered with market leaders in pay per click campaign management, technology providers and has strategic relationships with a number of outsourcing firms in the US and Asia. For further information: http://www.intelective.com,
Statements contained in this news release, other than those identifying historical facts, constitute 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Source: Intelective Communications, Inc.