1-800-FREE411 Continues Explosive Growth; Leads Free Directory Assistance Market.Jingle Networks Jingle Networks, Inc. is an American media network offering a free directory assistance service called 1-800-FREE411. Consumers dial 1-800-FREE411 (1-800-373-3411) from any phone in the United States to use the toll-free service, which allows callers to obtain any Processes 130 Million Calls in 2006, Signs on 500+ Advertisers via Free Directory Assistance Service MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif. -- Jingle Networks, Inc., operator of the 1-800-FREE411 directory assistance service, today issued its Q4 2006 results which showcase the company's explosive growth driven by year-end peaks in both consumer and advertiser adoption. Processing nearly 16 million calls in December, 1-800-FREE411 experienced a record-breaking call-per-month tally and a 20 percent jump month-over-month from November call volumes. Overall, 1-800-FREE411 processing totals reached nearly 130 million in 2006, saving consumers more than $250 million in 411 calls since its launch in September 2005. 1-800-FREE411 currently processes approximately 600,000 calls per day, accounting for more than three percent of the more than $7 billion U.S. directory assistance market. Large carriers have already started to react to Jingle Networks' success, including AT&T who recently announced trials of a free directory service modeled after 1-800-FREE411 in three U.S. cities. "This dramatic growth is indicative of an almost universal belief that information services See Information Systems. such as 411 should be provided for free to consumers rather than allowing phone companies to take advantage of customers with spiraling DA charges," said George Garrick, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Jingle Networks. "From January to December 2006, we experienced a 318 percent increase in monthly calls, showing that consumers preferred a free, easy-to-use 411 service that was available anytime, anywhere, from any phone. What's remarkable is we've been able to grow this quickly with virtually no outbound marketing investment." Jingle created 1-800-FREE411 for consumers who were frustrated with the steadily increasing costs of 411, which typically average nearly $1.50 per call. Providing the same quality of service as paid DA, 1-800-FREE411 is free and engages callers with brief, targeted marketing offers while their requested listing is retrieved. Advertisers have also shown equally strong interest and adoption from advertisers who recognize the potential 1-800-FREE411 presents in reaching millions of consumers with highly targeted and timely promotions. To date, more than 500 companies have utilized the 1-800-FREE411 network as a unique and powerful advertising medium for reaching consumers when they are in a ready-to-buy mode. Companies who have advertised on the service include McDonalds, Absolut, Academy Awards, Aegon Insurance, American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , Autonation, 1-800-Mattress, 1-800 CONTACTS, CBS (Cell Broadcast Service) See cell broadcast. , Comcast, Discount Tire, ID Media, Ingenio, Intercontinental Hotels (Holiday Inn), OMD OMD Doctor of Oriental Medicine. OMD, n.pr Doctor of Oriental Medicine. OMD 1. Oculomuscular dystrophy 2. Organic mental disorder , Orbitz, Roto Rooter, GE, Paramount Pictures and Vermont Teddy Bear. In October, Jingle Networks closed a Series C financing round of $30 million led by Goldman, Sachs & Co. and Hearst Corporation The Hearst Corporation is a privately-held American-based media conglomerate based in the Hearst Tower in New York City, USA. Founded by William Randolph Hearst as an owner of newspapers, the company's holdings now include a wide variety of media. , bringing total capitalization Total capitalization The total long-term debt and all types of equity of a company that constitutes its capital structure. total capitalization See capitalization. to over $60M. Jingle rounded out the year with the 2006 Award for Growth Strategy Leadership in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Directory Assistance Market from industry analyst firm Frost & Sullivan. "Jingle's emergence as the leader in the free 411 industry is expanding the overall directory assistance market with innovative, advertising-focused business models that appeal to both consumers and advertisers," added Garrick. "We'll be adding several new capabilities and features throughout 2007 to make it even easier for consumers to quickly find what they are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. , and provide exciting ways for marketers to reach customers and generate incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenues." About Jingle Networks Jingle Networks is creating an exciting new media network through 1-800-FREE411, the nation's leading advertiser-supported directory assistance service, which is revolutionizing the directory assistance industry by offering consumers a free alternative to the high cost 411 services provided by landline carriers and mobile phone companies. 1-800-FREE411 is supported by national and local advertisers who use 1-800-FREE411 as both a branding and direct-response media channel to target messages to callers within the context of a normal-length 411 call. In addition, FREE411.com on the Internet provides consumers with an easy to use Web-based resource for telephone number lookups. For more information, visit: www.free411.com. |
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