On-Line PLC
15 January 2002
For release at 08h00 on Tuesday 15 January 2002
On-line plc ('On-line')
On-line Trading Update
On-line announce update on current trading conditions
On-line are pleased to announce that its subsidiary Advertwizard is now
generating material income and reached monthly profitability in December and
is now cashflow positive.
Based on progress so far, On-line has high expectations for AdvertWizard going
forward and believes that Advertwizard is becoming a valuable digital
advertising platform in a lucrative new media sector. The automated network
now serves ads to over 4m people worldwide each month.
Marcus Exall, Managing Director of AdvertWizard said 'We are delighted to have
got the business to this stage ahead of expectations. The team has worked
hard to deliver these results, and with the new marketing technology solutions
we will be launching in the first half of this year we are very positive about
the future.'
About Advertwizard.
Development of AdvertWizard started in October 2000 and it went live during
the summer of 2001. The business was created to take advantage of the market
for Internet Marketing in Europe that is expected to expand significantly over
the next 3 to 5 years.
AdvertWizard is a digital advertising and marketing platform that makes
Internet marketing easy, instant and effective for businesses of any size. It
offers media owners the opportunity to earn revenue and free advertising, and
it makes it easy for businesses to promote their business on the internet via
advertising on its network via an automated self service system.
This network technology is then leveraged to offer marketing solutions to
larger branded clients.
15 January 2002
For more information please contact:
Marcus Exall
Managing Director
020 8591 1125
marcus.exall@advertwizard.com
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