AdStar.com to Generate New Revenues by Powering eBay Seller Classifieds in Metro Newspapers.Business Editors & Internet Writers MARINA DEL REY Del Rey may refer to:
Company Also Signs Contracts With Minneapolis Star Tribune For the Wyoming newspaper, see . The Star Tribune (also Star trib or Strib, as it is often referred to) is the largest newspaper in the U.S. and St. Petersburg Times
The St. Petersburg Times is a daily newspaper based in St. Petersburg, Florida, that serves the larger Tampa Bay area. AdStar.com Inc. (Nasdaq:ADST ADST Association for Diplomatic Studies and Training (Arlington, Virginia) ADST Advanced Distributed Simulation Technology ADST Alexandria University Desalination Studies and Technology Center (Egypt) )(Nasdaq:ADSTW), the leading application service provider for the classified advertising industry, has signed a contract with eBay Inc., to provide the technology behind the new eBay Seller Classifieds and anticipates it will generate significant new revenues as a result of the agreement. eBay Seller Classifieds will be featured initially in the Minneapolis Star Tribune and the St. Petersburg Times. Sellers will be charged a fee for the ad placements in dedicated areas of the newspapers' classified advertising sections, and as part of signed agreements with the two newspapers, AdStar will share with the newspapers the revenues generated by each ad placement transaction. AdStar's online classified ad transaction technology, which allows advertisers to create, schedule and pay for classified ads online for publication in newspapers (both print and online), is the underlying technology of eBay Seller Classifieds. AdStar has developed the platform to be used by sellers and integrated into eBay's and the newspapers' Web sites. AdStar delivers the ads electronically to newspapers in the format the newspapers require. "For the past 15 years, we have enabled newspapers, ad agencies and large volume classified advertisers with the technology to submit and accept ads electronically," said Leslie Bernhard, president and chief executive officer of AdStar.com. "As the technology enabler behind eBay Seller Classifieds, AdStar will help make selling products offline as easy as eBay makes selling products online. With this contract, our company has turned the corner and solidified so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. its foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. as the leading ASP for the classified ad industry." About AdStar.com Inc. AdStar.com (Nasdaq:ADST), based in Marina del Rey, provides classified ad placement services via the Internet and other electronic delivery channels. Beginning in 1986, AdStar.com set the standard for remote ad entry software by giving advertisers the ability to place ads electronically with one or several of the largest newspapers in the United States Newspapers have declined in their influence and penetration into American households over the years. The U.S. does not have a national paper per se, although the influential dailies the New York Times and the Wall Street Journal are sold in most U.S. cities. . In 1999, AdStar.com released Advertise123.com, a Web-based version of its historical business model. The company's broad range of services provides advertisers the ability to place ads in a growing number of major metropolitan newspapers, state and regional newspaper networks and leading classified ad Web sites. The company serves as an application service provider (ASP) for the classified advertising industry by turning publishers' Web sites into full-service classified ad sales channels for their print and online classified ad sections. 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 release contains forward-looking statements concerning the business and products of the company. Actual results may differ from those projected or implied by such forward-looking statements depending on a number of risks and uncertainties including, but not limited to, the following: historical business has already matured, new online business is unproven unproven Dubious, nonscientific, not proven, quack, questionable, unscientific adjective Relating to that which has not been validated by reproducible experiments or other scientific methods for determining effect or efficacy and may not generate expected revenues, and Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. risks. Other risks inherent in the business of the company are described in Securities and Exchange Commission filings, including the company's annual report on Form 10-KSB. The company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this release. |
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