Skip navigation

HIGHLIGHTS

• Year on year growth of 103% 2006-2007.
• Unaudited proforma revenues of €20.042.003 for 2007.
• Gross unaudited proforma revenue split for GoAdvertising ltd of 23.01% in Germany, 22.41% in France, 21.66% in the UK and 18.64% in Italy, demonstrating true pan-European presence.

25th February 2008 - GoAdv (Code ISIN FR0010500975 – Code MNEMO: ALGOA), the online media company with a pan-European network of vertical and horizontal websites, has released its unaudited proforma yearly results, demonstrating an exceptional annual growth of 103% (2006 – 2007).

With unaudited proforma revenues of €20.042.003 for 2007, the group has experienced phenomenal expansion and doubled revenues throughout its network – proforma revenues for 2006 were €9.864.010.

Now counting over 15 million unique users per month across a network of high visibility websites, GoAdv is a truly European online media company active in eight markets; UK, Germany, Netherlands, France, Italy, Spain, Sweden and Poland. For the period 2006-2007, the unaudited gross proforma revenue split highlights GoAdvertising ltd’s pan-European vision: 23.01% in Germany, 22.41% in France, 21.66% in the UK, 18.64% in Italy and the remainder split between Spain, the Netherlands and Sweden.

The network includes the Excite Europe group of generalist portals, which was acquired by GoAdv in October 2007, and BetterDeals – bespoke vertical websites that assist users in getting the most from their web search. With a strong history as an internet pioneer, Excite is re-establishing its position as a challenger brand in the European consumer internet space with fresh, original content and a unique editorial approach. The acquisition of Excite is part of GoAdv’s global strategy and gives the company ownership of a worldwide recognised platform with high brand appeal.

Luca Ascani, President of GoAdv, comments, “We are delighted to announce such strong yearly growth figures for the group, which confirm the continued success and expansion of GoAdv across the entire European network. We are looking forward to continued growth in 2008 thanks to the creation of compelling, useful online content that captivates and engages web users. Our strategy for providing the best quality content means that we are widely considered a trusted intermediary between consumers, service and product suppliers and this has contributed to the exceptional revenues achieved.”

ENDS

About GoAdv

GoAdv was created in 2004 and is an online media company specialist in the generation of qualified traffic for Internet. With a staff of 70 people working across offices in Italy, Ireland and France, GoAdv is a truly European company active in eight markets; UK, Germany, Netherlands, France, Italy, Spain, Sweden and Poland.

GOADV is listed on Alternext of Nyse-Euronext Paris
Code ISIN FR0010500975 – Code MNEMO: ALGOA
For more information, visit: www.goadv.com

Contacts:

GoAdv Listing Sponsor:
Euroland Finance
Julia Temin
Email: jtemin@euroland-finance.com
Tel : + 33.01.44.70.20.84

GoAdv:
Luca Ascani, President
Email: ascani@goadv.com

Thierry Rabuel, CFO
rabuel@goadv.net
tel : +353.1.49.95.073

Amanda Lorenzani
Head of Media Relations
Email: alorenzani@staff.excite.it

This press release was distributed by ResponseSource Press Release Wire on behalf of Amanda Lorenzani PR in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.