GRAND RAPIDS – Serving has yet another barometer of Internet ad activity, Internet Ad Network Adtegrity.com reported Wednesday lower net income on lower sales for the second quarter ended June 30 compared with a year ago. But both revenues and income were up slightly from the previous quarter.
The Company�??s unaudited results included net income of $66,750 for the second quarter on net revenues of $2.79 million, compared with a net income of $101,000 on net revenues of $4.5 million for the same quarter last year.
For the first half of 2009, Adtegrity.com has posted net income of $109,750 on net revenues of $5.4 million, compared with net income of $135,000 on net revenues of $8.9 million for the first half of 2008.
�??While the overall economic outlook remains uncertain, the online advertising market is quite stable,�?� said Adtegrity.com President and CEO Scott Brew. �??Our net income and net revenues grew from the first quarter of this year, and we believe we are well positioned for the reminder of 2009.�?�
Adtegrity reported serving more than 18 billion ad impressions during the second quarter and generated more than 1 million new customers for Adtegrity.com advertisers.
Adtegrity.com’s primary business is the delivery of interactive advertising and marketing services. Since its founding in 1999, the Company has established itself as a results-driven, customer-focused firm consistently ranking among the top 10 online advertising networks in the world. Adtegrity currently serves thousands of website clients and delivers billions of advertising impressions each month to tens of millions of unique users.
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