Avenue A, Inc. Launches Atlas DMT, A New Operating Unit That Provides Digital Marketing Management Solutions to the Advertising Industry.Business Editors & Technology Writers SEATTLE--(BUSINESS WIRE)--April 23, 2001 New strategic business focus expands Avenue A, Inc.'s addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market to include 100% of Internet media dollars Avenue A, Inc. (Nasdaq:AVEA AVEA American Veterinary Exhibitors Association ), a digital marketing services and technology company, announced today the launch of its new operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Atlas DMT See DSL. . Atlas DMT will now provide the Atlas Digital Marketing Suite that has powered over 50,000 campaigns, to traditional and interactive agencies, as well as in-house media buyers. In addition to its new operating unit, Atlas DMT, Avenue A, Inc. will continue to offer digital marketing services through its other operating unit, Avenue A, a digital marketing agency. Avenue A provides marketers with an integrated service and technology offering including web advertising, e-mail services, strategic portal relationships, affiliate programs, customer targeting, profiling and enhanced analytical services. Avenue A's clients include Best Buy, Microsoft, Nordstrom, Household Finance and MasterCard. Brian McAndrews, Avenue A, Inc.'s 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. , said the two operating units--Avenue A and Atlas DMT--capitalize on the two main segments of the digital marketing industry--service and technology. Independently, they allow Avenue A, Inc. to be strongly focused on the unique needs of the customers of each operating unit. Together, they allow Avenue A, Inc. to bring value to every digital marketing interaction, whether directly or through the company's agency partners. "We believe our new corporate structure positions Avenue A, Inc. to lead the digital marketing industry," said McAndrews. "With the addition of our Atlas DMT operating unit, we have significantly expanded our potential client base and greatly increased the market opportunity that we address." McAndrews also announced the appointment of the two operating unit heads. Tom Sperry, who prior to joining Avenue A, Inc. in 1999 served as managing partner with two marketing communications Marketing communications (or marcom) are messages and related media used to communicate with a market. Those who practice advertising, branding, direct marketing, graphic design, marketing, packaging, promotion, publicity, sponsorship, public relations, sales, sales agencies, Bozell Worldwide, Inc. and CF2GS, Inc., has been appointed president of Atlas DMT. Sperry's first-hand knowledge of the advertising industry has been instrumental in the design and development of the Atlas Digital Marketing Suite and with the launch of Atlas DMT. Clark Kokich, who has served with the company since 1999 as senior vice president, has been appointed president of Avenue A. With over 25 years of marketing and management experience that includes serving as executive vice president, general manager of Cole & Weber, a division of Ogilvy & Mather Advertising, Kokich has been influential in building the company's client roster and building and maintaining relationships with Avenue A's top branded corporate clients. About Avenue A, Inc. Avenue A, Inc., the digital marketing services and technology company, was founded in 1997 to help marketers acquire, retain and grow customers across all digital media. Through its two operating units--Avenue A, provider of digital marketing services, and the new Atlas DMT unit, provider of digital marketing management solutions-- Avenue A, Inc. is able to touch and bring value to every interaction in the digital marketplace. The corporation is based in Seattle and operates offices 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 , Chicago and London. Avenue A, Inc. also offers digital marketing services through iballs, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. based in New York. Avenue A, Inc. and iballs adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. the NAI See Network Associates. privacy principles that have been endorsed by the FTC FTC See Federal Trade Commission (FTC). . These principles are designed to ensure Internet user Internet user n → internauta m/f Internet user Internet n → internaute m/f privacy. Please visit www.avenuea.com to learn more. Certain statements in this press release are "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. Forward-looking statements are based on the opinions and estimates of the management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. The forward-looking statements in this release include, among others, all statements about the effectiveness of Vital Signs in improving our clients' profitability and return on investment associated with online advertising campaigns. Factors that could affect Avenue A, Inc.'s actual results include, among others, our inability to accurately identify, measure and predict factors that relate to the underlying analysis required to effectively conduct a Vital Signs campaign, inability to attract new clients and to achieve effective advertising campaigns for existing clients, limited operating history, history of losses, quarterly and seasonal fluctuations in operating results, the short term nature of Avenue A, Inc.'s contracts with clients which are cancelable on 90 days' or less notice, the uncertainties and potential cost of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and the risks of adverse rulings by the court presiding over a previously announced and several related pending lawsuits which might materially and adversely affect Avenue A, Inc.'s business. More information about factors that potentially could affect Avenue A, Inc.'s financial results is included in Avenue A, Inc.'s Form 10-Q Form 10-Q See 10-Q. , as amended, for the fiscal quarter ended September 30, 2000 filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Except as required by law, Avenue A, Inc. undertakes no obligation to update any forward-looking or other statements in this press release, whether as a result of new information, future events or otherwise. Avenue A, Inc. has applied for registration of the "Avenue A" and "Atlas" service marks in the United States and other countries. All other trademarks, trade names or company names referenced herein are used for identification only and are the property of their respective owners. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion