INAR.0004 News income growing 1,309%
InternetArray's Noobis Announces Record Growth
NEW YORK, NY -- (Marketwire)
05/26/10
InternetArray, Inc.'s (PINKSHEETS: INAR) Noobis saw stronger than expected sales growth in the first quarter ending March 31, 2010 with total income growing 1,309% year-over-year for the quarter. The company cites the source of income from early sales of its Amplify product, additional social media services offered and the completion of some long term projects.
"We knew this year was going to be a strong growth year, but we didn't expect such a great start to the fiscal year," stated Jon Brennan, CEO of Noobis, Inc. "We've adjusted our growth projections to 400% year-over-year which we believe to still be conservative given the industry growth and some new programs and divisions we have planned."
Noobis is ahead of industry growth according to a February 2010 eMarketer report where Chief Marketing Officers surveyed stated a 60% increase in budget for social media marketing between August 2009 and February 2010. This reflects the continuing trend of marketers moving budgets from traditional media to digital. The Center for Media Research recently updated forecasts for 2010 with 70% of companies who responded said they plan to increase their budgets for off-site social media (i.e., Facebook, Twitter).
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