SOURCE: Accelerize New Media, Inc.
NEWPORT BEACH, CA--(Marketwire - Mar 11, 2013) - Accelerize New Media Inc. (OTCBB: ACLZ), owner and operator of Cake Marketing (www.cakemarketing.com), a highly scalable SaaS (Software-as-a-Service) platform providing a comprehensive and complete online tracking solution for advertisers -- from acquisition through conversion -- today announced that improvements in its earnings and liquidity during the year ended December 31, 2012 resulted in the Company's independent registered public accounting firm removing an explanatory paragraph in its audit report dated March 6, 2013 expressing uncertainty about the Company's ability to continue as a going concern -- also known as a "going concern" notice.
"The removal of the going concern is a significant accomplishment for our management team and its ability to execute," said Accelerize New Media Inc. Chairman and CEO Brian Ross. "In addition, it provides yet another validation of our successful business model and instills confidence in our business on the part of shareholders, customers and partners."
"Having achieved our first full year of profitability in FY 2012, the company surpassed a key milestone and is now well positioned to scale its revenues, build market share, and unlock significant value for shareholders," added Mr. Ross.
About Accelerize New Media, Inc.
Accelerize New Media, Inc. (OTCBB: ACLZ) owns and operates Cake Marketing, a highly scalable SaaS (Software-as-a-Service) platform providing a comprehensive and complete online tracking solution for advertisers -- from acquisition through conversion. Easy-to-use wizards and real-time reporting guide users through every step of managing and optimizing campaigns. From traffic providers to advertisers, tracking to data distribution, Cake Marketing offers the most robust platform to manage your business and analyze the performance of your marketing relationships. Seamless integration with other services through a developed API eliminates bottlenecks while increasing ROI for advertisers.
Use of Forward-looking Statements
This press release may contain forward-looking statements from Accelerize New Media, Inc. within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. For example, when we describe our successful business model, and our ability to scale our revenues, build market share, and unlock significant value for shareholders, we are using forward looking statements. These forward-looking statements are based on the current expectations of the management of Accelerize New Media only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; our technology may not be validated as we progress further; we may be unable to retain or attract key employees whose knowledge is essential to the development of our products and services; unforeseen market and technological difficulties may develop with our products and services; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of Accelerize New Media to differ materially from those contemplated in such forward-looking statements. Except as otherwise required by law, Accelerize New Media undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting Accelerize New Media, reference is made to Accelerize New Media's reports filed from time to time with the Securities and Exchange Commission.