24/7 Real Media (NASDAQ:TFSM)
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24/7 Real Media, Inc. (Nasdaq: TFSM), a leading global digital marketing
company, and Dentsu Inc. (4324.T), Japan's largest advertising company,
today announced an expansion of their groundbreaking search engine
marketing (“SEM”)
partnership. Through a new holding company, tentatively to be called “Dentsu
24/7 Search Holdings”, Dentsu and 24/7 Real
Media will establish new operations within other strategically important
advertising markets throughout Asia and the Pacific Rim, including
China, India, Korea, Thailand, and Taiwan. These new operating units
will be the preferred SEM service providers for Dentsu and 24/7 Real
Media affiliates within each region.
Under the terms of the agreement, Dentsu and 24/7 Real Media will each
provide initial capital of $5.0 million, which will be used to fund
operations in the identified expansion countries. 24/7 Real Media will
license its industry-leading Decide DNA™
technology, again rated highest among SEM platforms by JupiterResearch,
to each operating subsidiary. Initial management of the new venture will
be fully-supported by K.K. 24-7 Search, the existing Tokyo-based joint
venture of Dentsu and 24/7 Real Media.
The Dentsu Group is the fifth largest advertising group in the world,
with more than 6,000 clients, both domestic and global, and annual
billings of over $16.0 billion. Through an extensive network of
affiliates and subsidiaries, Dentsu maintains an unparalleled presence
throughout Asia. Excluding Japan and China, regions in which it
consistently ranks as the largest agency by revenue, Dentsu sales for
Asia grew at a robust 17.2% annually for the fiscal year ended March 31,
2006.
“We are very pleased to expand our strong
relationship with 24/7 Real Media,” said
Ryuichi Mori, director of Dentsu. “Over the
past fourteen months, 24/7 Real Media has proven to be a trusted,
reliable partner, and the Decide DNA™
technology has proven itself to be the right solution for the
Asia-Pacific region.”
According to PricewaterhouseCoopers1, nearly
$1.0 billion will be spent in 2006 through online advertising in the
five countries initially identified for expansion by Dentsu and 24/7
Real Media. While Korea and China currently benefit from the majority of
this expenditure, less mature markets such as India are expected to
rapidly develop as broadband access continues to proliferate. In the
aggregate, China, India, Korea, Thailand and Taiwan are forecast to
realize compound annual growth of greater than 20% over the next four
years as online spend more than doubles to $2.0 billion in 2010.
“We are thrilled to have the opportunity to
further expand our already successful partnership with the most
significant advertising company in the region," said David J. Moore,
chairman and CEO of 24/7 Real Media. “In
Dentsu, we have found a partner that has clearly embraced the importance
of advertising through new, digital media channels, as well as the
strategic significance of several key Asian markets outside of Japan.”
“The establishment of this new joint venture
is a testament to the strength of the relationship between Dentsu and
24/7 Real Media,” added Jae Woo Chung,
president of 24/7 Real Media Asia. “We look
forward to working in tandem with the very experienced and astute senior
management team at Dentsu to leverage the growing adoption of paid
search throughout Asia.”
Additional details, including the expected financial impact upon
consolidated financial results for 2007, will be provided during 24/7
Real Media's fourth quarter earnings call in early March 2007.
About Dentsu Inc.
Dentsu Inc., founded in 1901, is the largest advertising company brand
and the fifth largest marketing and communications organization in the
world. Based in Tokyo, Dentsu offers national, multinational and global
clients the most comprehensive range of advertising and marketing
services through its unique “Total
Communications Services” approach. Dentsu has
pioneered and set global standards for integrated communications, which
in latter years have been adopted by a number of major international
networks. The group has more than 6,000 clients and 16,167 employees* in
both Japan and in its offices overseas. Consolidated billings (net
sales) for fiscal year 2005 were recorded at 1,963.2 billion yen. Dentsu
is publicly quoted on the Tokyo Stock Exchange. For more information,
please visit www.dentsu.com
* As of March 31, 2006
About 24/7 Real Media, Inc.
24/7 Real Media, Inc. is a leading global digital marketing company,
empowering advertisers and publishers to engage their target audiences
with greater precision, transparency and ROI. Using its award winning ad
serving, targeting, tracking and analytics platform, powerful search
marketing capabilities and global network of specialized Web sites, the
company has turned the art of reaching audiences across virtually any
digital medium into a measurable science. The company is headquartered
in New York, with 20 offices in 12 countries throughout North America,
Europe and the Asia Pacific region. For more information, please visit www.247realmedia.com.
24/7 Real Media: The Science of Digital Marketing.
24/7 Real Media is a member of the NAI and adheres to the NAI privacy
principles that have been applauded by the FTC. These principles are
designed to help ensure Internet user privacy. For more information
about online data collection associated with ad serving, including
online preference marketing and an opportunity to opt-out of 24/7 Real
Media cookies, go to: www.networkadvertising.org.
1 PriceWaterhouseCoopers –“Global
Entertainment and Media Outlook: 2006 – 2010”
June 2006
24/7 Real Media, Inc. (Nasdaq: TFSM), a leading global digital
marketing company, and Dentsu Inc. (4324.T), Japan's largest
advertising company, today announced an expansion of their
groundbreaking search engine marketing ("SEM") partnership. Through a
new holding company, tentatively to be called "Dentsu 24/7 Search
Holdings", Dentsu and 24/7 Real Media will establish new operations
within other strategically important advertising markets throughout
Asia and the Pacific Rim, including China, India, Korea, Thailand, and
Taiwan. These new operating units will be the preferred SEM service
providers for Dentsu and 24/7 Real Media affiliates within each
region.
Under the terms of the agreement, Dentsu and 24/7 Real Media will
each provide initial capital of $5.0 million, which will be used to
fund operations in the identified expansion countries. 24/7 Real Media
will license its industry-leading Decide DNA(TM) technology, again
rated highest among SEM platforms by JupiterResearch, to each
operating subsidiary. Initial management of the new venture will be
fully-supported by K.K. 24-7 Search, the existing Tokyo-based joint
venture of Dentsu and 24/7 Real Media.
The Dentsu Group is the fifth largest advertising group in the
world, with more than 6,000 clients, both domestic and global, and
annual billings of over $16.0 billion. Through an extensive network of
affiliates and subsidiaries, Dentsu maintains an unparalleled presence
throughout Asia. Excluding Japan and China, regions in which it
consistently ranks as the largest agency by revenue, Dentsu sales for
Asia grew at a robust 17.2% annually for the fiscal year ended March
31, 2006.
"We are very pleased to expand our strong relationship with 24/7
Real Media," said Ryuichi Mori, director of Dentsu. "Over the past
fourteen months, 24/7 Real Media has proven to be a trusted, reliable
partner, and the Decide DNA(TM) technology has proven itself to be the
right solution for the Asia-Pacific region."
According to PricewaterhouseCoopers(1), nearly $1.0 billion will
be spent in 2006 through online advertising in the five countries
initially identified for expansion by Dentsu and 24/7 Real Media.
While Korea and China currently benefit from the majority of this
expenditure, less mature markets such as India are expected to rapidly
develop as broadband access continues to proliferate. In the
aggregate, China, India, Korea, Thailand and Taiwan are forecast to
realize compound annual growth of greater than 20% over the next four
years as online spend more than doubles to $2.0 billion in 2010.
"We are thrilled to have the opportunity to further expand our
already successful partnership with the most significant advertising
company in the region," said David J. Moore, chairman and CEO of 24/7
Real Media. "In Dentsu, we have found a partner that has clearly
embraced the importance of advertising through new, digital media
channels, as well as the strategic significance of several key Asian
markets outside of Japan."
"The establishment of this new joint venture is a testament to the
strength of the relationship between Dentsu and 24/7 Real Media,"
added Jae Woo Chung, president of 24/7 Real Media Asia. "We look
forward to working in tandem with the very experienced and astute
senior management team at Dentsu to leverage the growing adoption of
paid search throughout Asia."
Additional details, including the expected financial impact upon
consolidated financial results for 2007, will be provided during 24/7
Real Media's fourth quarter earnings call in early March 2007.
About Dentsu Inc.
Dentsu Inc., founded in 1901, is the largest advertising company
brand and the fifth largest marketing and communications organization
in the world. Based in Tokyo, Dentsu offers national, multinational
and global clients the most comprehensive range of advertising and
marketing services through its unique "Total Communications Services"
approach. Dentsu has pioneered and set global standards for integrated
communications, which in latter years have been adopted by a number of
major international networks. The group has more than 6,000 clients
and 16,167 employees* in both Japan and in its offices overseas.
Consolidated billings (net sales) for fiscal year 2005 were recorded
at 1,963.2 billion yen. Dentsu is publicly quoted on the Tokyo Stock
Exchange. For more information, please visit www.dentsu.com
* As of March 31, 2006
About 24/7 Real Media, Inc.
24/7 Real Media, Inc. is a leading global digital marketing
company, empowering advertisers and publishers to engage their target
audiences with greater precision, transparency and ROI. Using its
award winning ad serving, targeting, tracking and analytics platform,
powerful search marketing capabilities and global network of
specialized Web sites, the company has turned the art of reaching
audiences across virtually any digital medium into a measurable
science. The company is headquartered in New York, with 20 offices in
12 countries throughout North America, Europe and the Asia Pacific
region. For more information, please visit www.247realmedia.com.
24/7 Real Media: The Science of Digital Marketing.
24/7 Real Media is a member of the NAI and adheres to the NAI
privacy principles that have been applauded by the FTC. These
principles are designed to help ensure Internet user privacy. For more
information about online data collection associated with ad serving,
including online preference marketing and an opportunity to opt-out of
24/7 Real Media cookies, go to: www.networkadvertising.org.
(1) PriceWaterhouseCoopers -"Global Entertainment and Media
Outlook: 2006 - 2010" June 2006