Praebius Communications, Inc. Announces October Ad Sales Revenue Exceeds All of Second Quarter Revenue
November 10 2008 - 5:00AM
Marketwired
Praebius Communications Inc. (PINKSHEETS: PRCM) has announced that
its Ad Systems business booked Revenue for October, exceeded the
previous quarter's revenue numbers. Ad sales are continuing to run
strong into November. Ad Systems Sales in over 30 locations is
running at or near capacity for prime time sales on all major cable
networks such as TNT, CNN and Fox News.
Bob Hall, Chairman, said, "Ad Systems Revenue will continue to
grow as we deploy more systems and mature our advertising assets.
We expect to continue to increase our ad revenue as we begin to
roll out a local and regional ad sales effort. Up to now we have
been targeting National advertisers exclusively. We also have
another 5 cable systems scheduled for installation before year end
that will help with the trend."
Martin Alcock, C.T.O., said, "We are looking to finish the
fourth quarter 2008 in the black; if this revenue trend continues
which, with an early Holiday ad campaign from our current and
future advertisers, could help us accomplish this goal. We are
focused on building clusters of cable subscribers where we have
established systems, which will magnify our per-sub revenue while
minimizing costs. Our own traffic and billing system addige.net is
handling the volume quite nicely."
About Praebius Communications, Inc.
Praebius is a digital media and video communications Company.
Praebius develops and deploys Ad Insertion and streaming media
technology into the cable TV, Satellite and IPTV markets.
For additional information, please visit: www.adsystemscatv.com,
www.praebius.com or www.goldenboards.com
Safe Harbor Statement Under The Private Securities Litigation
Reform Act of 1995: The statements in the press release that relate
to the company's expectations with regard to the future impact on
the company's results from new products in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The results anticipated
by any or all of these forward-looking statements may not
occur.
Contact: Praebius Communications, Inc. (971) 239-4166 Investor
Relations: Alexander Lindale L.L.C 696 West 1st Ave. Suite #1
Midvale, Utah 84047 801-568-0336
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