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"We're very pleased with our growth to date. Our Company is now on a pathway to profitability. Based on current trends, we project to be cash flow break-even for the month of December 2008. The Company achieved $225,000 of revenues in November and projects to double the revenues for the month of December," stated Chairman and CEO Bob McNulty.
LocalAdLink is the low cost provider selling ads to local businesses on the Internet and across the nation. LocalAdLink places these ads on its owned and operated or third party sites, using proprietary geo-targeted technology by marketing local business ads to local consumers. Additionally, LocalAdLink pushes its ads out to Google, Yahoo and additional 100 search engines across the Internet.
Bo White, a LocalAdLink independent sales representative stated, "LocalAdLink provides invaluable services to local business communities across the U.S. I've sold over $20,000 worth of ads in my first three weeks of placing ads on LocalAdLink. The local businesses I've approached recognized the value because it allows them to directly target local consumers in their marketplace through a sophisticated network of sites and top tier search engines."
LocalAdLink is a division of BOOMj, Inc. Recently, the Company added a local advertising platform to the business model which is accelerating revenues.
Bob McNulty added, "Our independent sales force is growing rapidly. This will be one of the largest and most sophisticated local ad networks serving ads on the Internet to date."
About BOOMj, Inc.
BOOMj, Inc. (OTC Bulletin Board: BOMJ | Quote | Chart | News | PowerRating) owns and operates BOOMj.com http://www.BOOMj.com, the leading niche portal and social networking site serving Baby Boomers and Generation Jones. BOOMj.com integrates content in health, finance, politics, technology, entertainment, travel and lifestyle with social networking and shopping tools. BOOMj, Inc. also operates LocalAdLink http://www.LocalAdLink.com, bringing local advertising to geo-targeted local consumers, and i-SUPPLY http://www.i-SUPPLY.com that provides comprehensive e-commerce revenue solutions for any website and social network, large or small.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting BOOMj, Inc operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
SOURCE BOOMj, Inc.
http://www.boomj.com
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