SOURCE: Adaptive Media

November 14, 2013 16:30 ET

Adaptive Media, Formerly Mimvi, to Report Third Quarter Financial Results by November 19, 2013

Company Expects to Announce Q3 Revenue Growth of Nearly 14x Q2 Numbers

IRVINE, CA--(Marketwired - Nov 14, 2013) - Multi-channel audience and content monetization company, Adaptive Medias, Inc. (OTCQB: MIMV), a leader in programmatic advertising across mobile, video and online display, today announced it intends to release its financial report for the 2013 third quarter on or before November 19, 2013. The Company filed a Form 12b-25 with the U.S. Securities and Exchange Commission (SEC) requesting a 5-day extension.

The Company has assembled the necessary information for the preparation and submission of its September Form 10-Q Quarterly Report, and is awaiting final approval of its ticker symbol change from FINRA. The name change is official with the State of Nevada.

"Our Q3 results show undeniable progress," said Qayed Shareef, CEO. "Without getting into specifics, our top-line revenues were nearly 14x the $27k reported in the 2nd Quarter. It's important to me that we release these financial results under our new company name, Adaptive Medias, Inc. Now, we are simply waiting on FINRA to green-light the updates."

Adaptive Media, through its core content monetization platform and technology, provides app developers, publishers and video content developers one of the only end-to-end monetization platforms driven by programmatic algorithms. The company provides these unique capabilities to monetize content efficiently across multiple marketing channels, including mobile, video and online display advertising.

"We look forward to releasing our results next week," Shareef added. "Investors should be very pleased with the progress we've made over the past four-and-a-half months."

ABOUT ADAPTIVE MEDIA

Adaptive Media is a programmatic audience and content monetization company for website owners, app developers and video publishers who want to more effectively optimize content through advertising. The company provides a foundation for publishers and developers looking to engage brand advertisers through a multi-channel approach that delivers integrated, engaging and impactful ads across multiple devices. Adaptive Media meets the needs of its publishers with an emphasis on maintaining user experience, while delivering timely and relevant ads through its multi-channel ad delivery and content platform.

For more information, please visit: www.adaptivem.com. Follow us on Twitter at @adaptive_m.

Safe Harbor Statement:
This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Adaptive Medias, Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Adaptive Media's current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Adaptive Media's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Adaptive Media undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.

Contact Information

  • Adaptive Media Investor Contact:
    Mike Sprouse
    President & CEO
    Sprouse Marketing Group
    Email: mike@sprousemarketing.com

    Adaptive Media Investor Contact:
    Kevin Fickle
    President
    Nuwa Group LLC
    Phone: (925) 330-8315
    Email: kevin@nuwagroup.com