24/7 Real Media Completes the Acquisition of Real Media Korea.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 8, 2004 24/7 Real Media, Inc. (Nasdaq:TFSM), the only gateway to the total spectrum of interactive marketing and technology solutions for online marketers and publishers, today announced the completion of its acquisition of privately held Real Media Korea Ltd. ("RMK RMK Remark (Weather METAR) RMK Rocky Mountain King (Polaris Snowmobiles) RMK Remarks RMK Resource Manager Kernel "), based in Seoul, South Korea. Pursuant to the previously announced agreement, 24/7 Real Media has acquired the 91.3% of the outstanding shares of RMK it does not already own for approximately $5 million in cash and approximately 10.7 million shares of its common stock, valued at approximately $16 million. Real Media Korea, founded in 1998 and based in Seoul, Korea, is a leader in interactive marketing in the Republic of South Korea. RMK sells advertising on behalf of Web sites, representing many of the most heavily visited Web sites and working with most of the leading online advertisers in its marketplace. RMK also sells and supports 24/7 Real Media's Open AdSystem(TM) suite of Internet ad delivery, ad management, and analytics products. 24/7 will provide a more detailed discussion of the acquisition and its implications in a conference call that will be held on Monday, January 12, 2004, at 5:00 PM EST EST electroshock therapy. EST abbr. electroshock therapy . The conference call will be broadcast live over the Internet at www.247realmedia.com. Please allow extra time to prior to the call to visit the site and download the streaming media See streaming audio, streaming video and digital media hub. software required to listen to the Internet broadcast. The online archive of the call will be available two hours after the call. About 24/7 Real Media, Inc. 24/7 Real Media is the only gateway to the total spectrum of interactive marketing and technology. With expertise in all facets of interactive media, 24/7 Real Media is the starting point Noun 1. starting point - earliest limiting point terminus a quo commencement, get-go, offset, outset, showtime, starting time, beginning, start, kickoff, first - the time at which something is supposed to begin; "they got an early start"; "she knew from the for both publishers and marketers, enabling both to maximize customer relationships and revenue. Products and services include Internet ad serving, Web analytics, search engine optimization Designing a Web site so that search engines easily find the pages and index them. The goal is to have your page be in the top 10 results of a search. Optimization includes the choice of words used in the text paragraphs and the placement of those words on the page, both visible and hidden , online media representation and integrated marketing solutions designed to specifically address client goals and objectives. The company is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , with offices in other major U.S. cities, Europe and Canada. For more information, please visit www.247realmedia.com. About Real Media Korea Co., Ltd. Real Media Korea is a leader in interactive marketing in the Republic of South Korea. RMK sells advertising on behalf of Web sites, representing several of the largest Web sites, and working with the leading online advertisers. RMK also sells and supports 24/7 Real Media's Open AdSystem(TM) suite of Internet ad delivery and management products. For more information, please visit www.realmedia.co.kr. Caution concerning forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : This news release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and are naturally subject to uncertainty and changes in circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Actual results may vary materially from the expectations contained herein due to changes in economic, business, competitive and/or regulatory factors. More detailed information about those factors is set forth in our filings with the Securities and Exchange Commission. In addition, the following factors, among others, could cause actual results to differ materially from those described herein: enhanced competition, the potential for impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. of relationships with employees or major customers, loss of faith in Internet advertising Delivering ads to Internet users via Web sites, e-mail, ad-supported software and Internet-enabled cellphones. Also called an "ad network," Internet advertising organizations act as a middleman between the advertiser and the Web sites and software publishers that display the ads. , international risks, and other economic, business, competitive and/or regulatory factors affecting the businesses of 24/7 Real Media. All information in this release is as of January 8, 2004. The Company is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion