Modavox Releases Monthly Average Unique Visitors Statistics
Friday March 7, 12:16 pm ET
Company's January and February 2008 Average Monthly Unique Visitor Count in Excess of 5 Million
PHOENIX--(BUSINESS WIRE)--Modavox, Inc. (OTCBB: MDVX - News), Internet broadcasting pioneer and holder of several patented technologies, today announced that for the month of January and February 2008, the company had an average in excess of 5 million unique visitors to the company’s sites and on their patented advertising platform.
Stream Syndicate™, the Company’s new advertising platform, adopted by customers including WTVG (ABC O&O) Toledo, Quincy Newspapers with thirteen ABC, CBS, NBC television affiliates and two newspaper operations, Village Voice Media with thirty five community newspapers including well known New Times and Village Voice publications, and Gannett’s Arizona Daily Star and Arizona Republic’s AZCentral.com amongst others saw significant growth reaching almost 2.3 million unique visitors.
Nathaniel T. Bradley, Chief Technology Officer for Modavox: “We’re pleased with the considerable growth in our audience and unique visitor count to in excess of 5 million. Our figures indicate that in 2006, we had approximately 500,000 monthly average unique visitors while in 2007, we had roughly 2.2 million. To see current monthly averages now breaching the 5 million mark this early in the year is clearly very encouraging; especially in light of some of our just recently launched initiatives aimed at further enhancing audience growth.”
David J. Ide, Chief Executive Officer for Modavox, stated, “In this day and age where online advertisers are seeking to increase their return on investment for their online ad spending, through means such as targeted and behavioral advertising, it’s important to note that not only do we have a patented advertising platform that provides those features, but our Internet radio audience is primarily niche oriented. This combined with the fact that our typical user is indicated to stay online an average of 15-20 minutes, makes this audience potentially very ripe for online advertisers to monetize. Lastly, considering the multitude of completed acquisitions in the space that could serve as potential comparables for valuing unique visitors, we are led to believe that continued growth in our own audience will complement our on-going efforts toward building sustainable long term shareholder value.”
About Modavox
Modavox, Inc., a pioneer in Internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and Internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising. More information about Modavox can be found at www.modavox.com
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