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OTC ADVISORS, LLC: Huge Alert On: (OTCBB:AMKT) - (OTCBB:IWEB) - (OTCBB:CRWG)
Rochester NY, Sep 02, 2010 (M2 PRESSWIRE via COMTEX) --
www.otc-advisors.com names (OTCBB:AMKT)Ace Marketing & Promotions, Inc. (OTCBB:IWEB) IceWEB, Inc. and (OTCBB:CRWG) CrowdGather, Inc. its "Bulls of the day"!
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ABOUT ACE MARKETING & PROMOTIONS, INC.
(OTCBB: AMKT) Established in 1998, Ace Marketing & Promotions Inc. is a New York-based, full-service promotional marketing company offering a wide array of business solutions, which include: Branding and Branded Merchandise, Website Development, Mobile Marketing Solutions, and Direct Relationship Marketing Solutions. Ace Marketing & Promotions Inc. is a leader in Proximity Marketing with proprietary Bluetooth and Wi-Fi integrated technology that establishes the benchmark for how multimedia messages are being delivered. Ace's Corporate Overview is available at www.acemarketing.net on the "About Us" tab. Ace has recently added several new revenue stream models. The long-term strategic plan is for Ace to find new opportunities while leveraging its core competencies. For a demo of Ace's Proximity Marketing you can visit: http://www.acemarketingdemo.com or http://www.proximitymarketingus.com.
ABOUT EYE EYE has offices and Out-of-Home media businesses operations in Australia, New Zealand, Indonesia, Singapore, the United Kingdom and the United States of America. Eye Corp Pty Ltd. is a wholly-owned subsidiary of Ten Network Holdings Limited, a publicly listed company, which operates Australia's TEN television network. For more information you can visit: http://www.eyecorp.com
News Today:
NEW YORK, NY, Sep 02, 2010 -- Leading Out-of-Home mall media specialist, EYE, and Ace Marketing & Promotions, Inc. (OTCBB: AMKT) announced today they are expanding their Location-Based Mobile Marketing Mall Network. Phase Two of the rollout will add ten new malls to the existing network launched earlier this summer, bringing the total to 20 malls across the U.S. The new locations include the Los Angeles, Dallas/Ft. Worth, San Francisco and Portland DMAs.
Ace's Location-Based Mobile Marketing technology is designed to allow advertisers in EYE malls to reach on-the-go shoppers via their mobile devices with rich media content delivered using discoverable Bluetooth or Wi-Fi settings. The technology helps marketers reach their desired demographic with relevant content, such as movie trailers, special offers or discount coupons while in the mall. The delivery mechanism has been embedded in both EYE's traditional and digital Eyelite units. These units have been strategically placed in high traffic, high dwell-time areas of the mall, including entrance, food court and escalator locations.
EYE Shop Sr. Vice President Jeff Gunderman said, "Location-Based Mobile Marketing gives EYE's advertisers the opportunity to communicate with consumers at the point of purchase, adding even greater value to our existing advertising medium. We look forward to further expanding the network."
Dean Julia, Ace CEO, added: "Location-Based Mobile Marketing is a very exciting industry right now. Venture capitalists have invested over $100 million since last year and now companies like Google and Facebook are getting involved, demonstrating that we are in the right space at the right time. People like the idea of location-based marketing, but don't want to be tracked by GPS. By delivering via Bluetooth & Wi-Fi, we have the ability to deliver content without the 'Big Brother' side effect. Our technology only communicates with a mobile device while it's in a specified location. There is no GPS feature to follow you around. Once you leave the transmitting range, your mobile device disappears from our network."
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About IceWEB, Inc.
Headquartered just outside of Washington, D.C., IceWEB manufactures and markets data storage products. For more information, please visit www.IceWEB.com.
News Today:
STERLING, Va., Sept 02, 2010 -- IceWEB, Inc. (OTC Bulletin Board: IWEB), www.iceweb.com, a leading provider of Unified Data Storage and building blocks for cloud storage networks, announced today that IceWEB Channel Partner (ICP), VideoBank, has secured a contract with the Federal Government.
"We are continuing to see a surge in the need to manage and store massive amounts of video captured from aerial sensors deployed by Department of Defense and Intelligence agencies in the fight against terrorism. Video and satellite imagery are two very important growth areas for IceWEB as we continue to diversify our customer base," stated John R. Signorello, IceWEB CEO.
The initial installation is scheduled to be deployed in the current fiscal quarter.
About VideoBank
For more than a decade, VideoBank has revolutionized the ways in which educational institutions, medical facilities, government organizations, entertainment companies and the U.S. military have archived, managed, and distributed their products and services worldwide. More importantly, our systems have transformed the way the men and women of our armed forces gather and utilize intelligence both at home and abroad. At VideoBank we make it our responsibility to stay on the cutting edge of technology, which helps allow business leaders, doctors, teachers, government officials and soldiers to concentrate their energies where they truly belong -- on serving their local and global communities.
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About CrowdGather, Inc.
With its growing portfolio of special interest forums and enthusiast message board communities, CrowdGather (www.crowdgather.com) has created a centralized network to benefit forum members, forum owners and forum advertisers. CrowdGather provides a highly interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and a largely untapped advertising network for marketers worldwide.
News Today:
WOODLAND HILLS, Calif., Sep 02, 2010 -- One of the leading networks of forum communities on the Internet, CrowdGather (OTCBB:CRWG), today announced that it expects to record approximately $330,000 in revenues for the company's 2011 fiscal first quarter ended July 31st, 2010. Additionally, management anticipates an increase in revenues to approximately $430,000 for the current 2011 fiscal second quarter which will end October 31st, 2010. The Company is experiencing steady growth, but is not yet profitable. While CrowdGather has reported sequentially increased revenues for every quarter since it went public in April, 2008, there can be no assurance that this trend will continue since there is some seasonality to Internet advertising rates and demand that may result in seasonal variance. These are unaudited results which are being provided in response to shareholder queries based upon recent market conditions and global economic uncertainties.
CrowdGather is also pleased to provide the following corporate updates regarding the Company's growth in the past calendar year:
-- Traffic to the CrowdGather network of sites during this calendar year has increased 750%, from approximately 12 million monthly pageviews to approximately 90 million pageviews. The Company's sites currently enjoy approximately 4.5 million unique visitors per month.
-- CrowdGather has closed $6.5 million in all stock acquisitions through the purchase of digital advertising agency, Adisn and the purchase of the forum technology assets of Lefora.
-- Company is debt-free having strengthened its balance sheet through the voluntary conversion by investors of approximately $2.5 million in outstanding debt and accrued interest from prior financing transactions into equity.
-- CrowdGather experienced a significant reduction of its shares outstanding due to the cancellation of 5 million shares of CEO, Sanjay Sabnani's beneficial holdings in CrowdGather as part of the convertible debt conversion. The Company currently has 45,826,679 shares outstanding.
-- Within this year, CrowdGather has raised approximately $1.5 million in equity financing and working capital through private placements and exercise of outstanding warrants by previous investors.
"Our soon to be announced record fiscal first quarter results will hopefully demonstrate that recent acquisitions and increased network traffic have had a direct impact on our revenues," said Sanjay Sabnani, CrowdGather's Chairman and CEO. "Based upon our analysis, we have achieved revenues in the first quarter of this year that exceed what we did in the entire prior 12 month period. Furthermore, we believe we are on track to exceed even this increase in the current quarter."
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