Marchex (MM) (NASDAQ:MCHXP)
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Marchex, Inc. (NASDAQ:MCHX) (NASDAQ:MCHXP), a local search and
advertising company, today announced that the company's Board of
Directors has declared a regular quarterly dividend in the amount of
$0.02 per share on its common stock. Marchex will pay these dividends on
August 15, 2008, to the holders of record as of the close of business on
August 4, 2008. As of July 17, 2008, 10,959,216 shares of Class A common
stock and 28,388,088 shares of Class B common stock are outstanding.
Marchex commenced the payment of a regular quarterly cash dividend on
its common stock on February 15, 2007. The company intends to pay a
regular quarterly dividend on its common stock for the foreseeable
future at the discretion of the Board of Directors depending on
available cash, anticipated cash needs, overall financial condition,
future prospects for earnings and cash flows as well as other relevant
factors.
About Marchex, Inc.
Marchex (www.marchex.com) is a
local search and advertising company. Marchex's innovative advertising
platform delivers search- and call-based marketing products and services
for local and national advertisers. Marchex's local search network, one
of the largest online, helps consumers make better, more informed local
decisions through its content-rich Web sites that reach tens of millions
of unique visitors each month.
Safe Harbor Statement
This press release contains forward-looking statements that involve
substantial risks and uncertainties. All statements, other than
statements of historical facts, included in this press release regarding
our strategy, future operations, future financial position, future
revenues, projected costs, prospects, plans and objectives of management
are forward-looking statements. We may not actually achieve the plans,
intentions or expectations disclosed in our forward-looking statements
and you should not place undue reliance on our forward-looking
statements. Actual results or events could differ materially from the
plans, intentions and expectations disclosed in the forward-looking
statements we make. There are a number of important factors that could
cause Marchex's actual results to differ materially from those indicated
by such forward-looking statements which are described in the "Risk
Factors" section of our most recent periodic report and registration
statement filed with the SEC. We disclaim any intention or obligation to
update any forward-looking statements.