AdOne Media, Inc. Announces Finalization of Terms With Install Group Worldwide, Inc.
December 08 2004 - 5:30AM
PR Newswire (US)
AdOne Media, Inc. Announces Finalization of Terms With Install
Group Worldwide, Inc. ST. LOUIS, Dec. 8 /PRNewswire-FirstCall/ --
AdOne Media, Inc. (Pinksheets: ADON) today announced the
finalization of terms with Install Group Worldwide, Inc. Under the
terms of the purchase, AdOne will issue a note for $500,000 in
favor of the stockholders of Install Group as well as provide them
with an override of 10% of sales for the next three years. Jim
Neumann stated, "The acquisition of Install Group will provide a
tremendously solid backbone for the growth of AdOne Media. Install
Group has had a ten year successful track record. With current
contracts in place, Install Group should provide AdOne Media with
revenues in '05 in excess of $10 million dollars with operating
margins in the 45% range." The acquisition will be finalized no
later than Dec. 31, 2004 and AdOne is scheduled to take over
operations as of Jan. 1, 2005. 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, USA Storage, 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/
Copyright