Penske Awards AdOne Media's Install Group With Preferred Vendor Status
December 02 2004 - 11:55AM
PR Newswire (US)
Penske Awards AdOne Media's Install Group With Preferred Vendor
Status ST. LOUIS, Dec. 2 /PRNewswire-FirstCall/ -- AdOne Media,
Inc. (Pink Sheets: ADON) today announced that Install Group
Worldwide (see recent Letter of Intent) has been awarded "Preferred
Vendor" status for the Penske group of companies. The Preferred
Vendor status was given to Install Group for vehicle decal removal
and de-identification of vehicles within the entire fleet owned and
operated by the Penske group of companies. Jim Neumann, President
stated, "Being named Preferred Vendor with an organization like
Penske is quite an honor. We look forward to providing Penske with
the highest quality work on a nationwide basis. With 200,000+
vehicles in their fleet, Penske is an ideal client for the types of
services provided by Install Group Worldwide. This announcement is
hopefully the first of many to come as we expand our unique
services into other fortune 500 organizations like those previously
discussed." About Penske Penske, headed by race car legend, Roger
Penske, is a leading diversified transportation firm. Penske is a
partner with GE Equipment Management in Penske Truck Leasing, a
commercial truck rental operation with about 200,000 vehicles at
about 1,000 locations. Penske owns more than 40% of publicly traded
United Auto Group (UAG) which runs more than 200 franchised
dealerships in some 20 states, Brazil, Puerto Rico, and the UK.
Through Penske Automotive the company operates five car dealerships
in California. Truck-Lite makes safety lights for boats, buses,
cars, commercial trucks, construction equipment, and recreational
vehicles. Roger Penske is the majority owner of the company. About
Install Group Since 1994, Install Group Worldwide has built a
reputation for dependability and quality of the highest standard.
From design to production to installation, IGW can provide
customers with Customized Fleet Graphics, Retail Signage, or OEM
Graphic Applications. IGW provides a nationwide network of
installers and graphic suppliers enabling advertisers and companies
to facilitate a complete nationwide rollout simultaneously. Over
the years, IGW has successfully completed national programs for US
Postal Service, Fed- Ex, Storage USA, and many more. For more
information on Install Group, go to http://www.installgroupinc.com/
. Previous to this acquisition, AdOne Media utilized the services
of Install Group for its advertising projects including the design,
printing, and installation of all types of signage. The acquisition
should greatly increase the margins for AdOne on the outsourcing of
its own projects as well as provide AdOne additional revenue
opportunities for media placement from customers of Install Group.
AdOne Media, Inc. is a unique media company specializing in the Out
of Home advertising space. Out-of-home media has grown at almost
twice the rate of in-home media over the past decade. The main
reason is because more and more people are spending time outside of
their homes, which enables out-of- home media to become an
increasingly more efficient advertising conduit. Unlike other forms
of media, out-of-home can create an impression with consumers close
to a point of sale or be a constant reminder throughout the course
of daily activity. AMI's core competencies include: digital
delivery of dynamic media, scrolling signs, mobile billboards, bus
and taxi wraps, and other more traditional signage. AMI's
advertising vehicles may be viewed in places like: parking garages,
grocery stores, c-stores, movie theaters, taxi cabs, shopping
malls, etc. Matters discussed in this press release are
"forward-looking statements." Statements describing objectives or
goals or the Company's future plans are also forward-looking
statements and are subject to certain risks and uncertainties,
including the financial performance of the Company and market
valuations of its stock, which could cause actual results to differ
materially from those anticipated. For more information about AdOne
Media, Inc. and opportunities for advertising:
http://www.adonemedia.com/ . DATASOURCE: AdOne Media, Inc. CONTACT:
Jim Neumann for AdOne Media, Inc., +1-636-728-0078 Web site:
http://www.adonemedia.com/ http://www.installgroupinc.com/
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