WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Nov. 1, 2000--
ValueClick, Inc. (Nasdaq: VCLK), the world's leading provider of
performance-based online advertising solutions, today announced the
acquisition of Click Agents.com, Inc., another leading provider of
performance-based online advertising solutions. The merger of the two
organizations considerably extends ValueClick's dominance in the
pay-for-results advertising space, the fastest growing segment of the
online advertising industry.
As part of the deal, Click Agents will receive 5.3 million shares
of ValueClick stock. The acquisition, which is intended to be a
pooling of interests, is expected to approximately double ValueClick's
domestic business, adding approximately $14 million in revenue and
approximately $4 million in operating profit to ValueClick's 2000
results.
Together, the two companies provide a wide range of solutions that
allow online marketers to dramatically improve the accountability and
ROI of their efforts, including performance-based banner and wireless
advertising, opt-in e-mail, and powerful back-end tracking and
analysis tools. Reaching over 20 countries around the world as well as
approximately 40% of U.S. Internet households each month, the combined
organization delivers over 320,000 qualified visitors every day to
advertisers such as Providian Financial, Discovery Channel, Network
Solutions, Egghead.com, Microsoft, Verizon, and Chase Bank.
"Since our IPO, ValueClick has focused on a two-pronged attack for
building a foundation for significant and predictable revenue and
earnings growth," said Jim Zarley, Chairman and CEO, ValueClick. "The
first part of our plan was internal, which we began by considerably
enhancing the offerings in our core banner business, building both our
domestic and international bases, and introducing new products such as
wireless and e-mail advertising. The second part of our plan is
external, and is to find and acquire like-minded, profitable,
market-driven companies with strong management teams, who will
continue to round out the performance-based products and services that
savvy online marketers have come to rely on from ValueClick. Click
Agents is certainly one of those companies." "The cornerstone
philosophy at both Click Agents and ValueClick is performance-based,
results-driven online advertising and marketing," said Gurbaksh
Chahal, Chairman and CEO of Click Agents, who will retain the title of
President of Click Agents. "We are excited to join forces with
ValueClick to expand our mutual leadership in this space, and to
continue setting a new standard for online advertising. Separately,
both companies have had great success in taking the guesswork out of
online media buys, providing accountability to advertisers and
generating revenues for publishers. Together, we will be able to
deliver even better ways for advertisers and publishers to achieve
what they are most interested in...bottom-line results."
"We are very impressed with what Click Agents has accomplished in
a relatively short time, and we are very proud of the improvements
ValueClick has made over the past two quarters. Even so, we will keep
exploring new ways to offer more and better value for our customers"
continued Zarley. "With each acquisition we make, we will continue to
distance ourselves from the competition by offering the best network,
the best technology, the best products, and the best pricing model
available in online advertising today."
For the immediate future, both brands will continue to be
supported, while the main focus will be to leverage the best of the
two technologies and networks. The acquisition is the latest in a
series of recent ValueClick announcements that further expand the
solutions available to publishers and advertisers seeking to maximize
results, including performance-based wireless advertising, opt-in
e-mail, and the acquisition of ROI Measurement firm StraightUP!
About ValueClick
ValueClick is the leading global provider of performance-based
Internet advertising solutions for advertisers and Web publishers. For
marketers seeking measurable results, ValueClick is the Internet
advertising provider that delivers the best value for the ad dollar
through a combination of performance-based pricing, advanced targeting
capabilities and rigorous network quality control. For website
publishers of all sizes, ValueClick offers the ability to create
reliable new revenue opportunities from their inventory. As a leading
aggregator of this inventory, ValueClick provides advertisers, direct
marketers and e-commerce companies with the most cost-effective method
for attracting targeted, high-quality customers. According to Media
Metrix, ValueClick reaches an average of nearly 30 percent of the U.S.
Internet population each month, and delivers over 220,000 qualified
visitors to advertisers every day from a network of over 20,000
websites in 20 countries worldwide. With a proven track record of
providing consistent value to its partners, ValueClick is among the
e-commerce community's leading advertising networks. For more
information about ValueClick, visit the corporate Web site at
www.valueclick.com.
About Click Agents.com, Inc.
Click Agents.com, Inc., founded in February 1999, is a leading
provider of Internet advertising solutions for ad agencies,
advertisers and Web publishers. The Company's business model focuses
on performance-based Internet advertising solutions. Known in the
advertising industry as cost-per-click or CPC, the advertiser only
pays when an Internet user clicks on its banner or button
advertisement. The CPC model has significant advantages over the CPM
impression model, which is far more prevalent today. The CPC solution
provides advertisers with a greater ability to quantify the
effectiveness of an advertising campaign. As one of the largest CPC
networks, Click Agents provides its clients a cost-effective,
low-risk, pay for performance Internet advertising solution. Clients
include: Microsoft, MTV, Discovery Channel, Salon.com, and AltaVista.
Safe Harbor:
This release may contain forward-looking statements that involve risks
and uncertainties. Actual results may differ materially from the
results predicted and reported results should not be considered an
indication of future performance. Important factors which could cause
actual results to differ materially from those in the forward-looking
statements are detailed under "Risk Factors" and elsewhere in filings
with the Securities and Exchange Commission made from time to time by
ValueClick, including its Registration Statement on Form S-1 declared
effective on March 30, 2000. ValueClick undertakes no obligation to
release publicly any revisions to any forward-looking statements to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
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