SOURCE: Gen2 Media Corporation

Gen2 Media Corporation (OTCBB:GTWO) logo from www.gen2media.com

September 21, 2009 08:30 ET

Gen2Media (OTCBB: GTWO) Sees 1,300% Revenue Growth in Fiscal 2009

Revenues Top $1 Million, Profit Margins Over 60% in Company's First Full Year of Operations

ORLANDO, FL--(Marketwire - September 21, 2009) - Gen2Media Corp. (OTCBB: GTWO), a full-service online video technology and production company, announced its preliminary 2009 financial results today, topping $1 million in revenue in its first full year of operations. Gen2Media, which boasts one of the fastest growing online video networks on the web, produced impressive gross profit margins of 60%+ in 2009, and a year over year revenue increase of over 1,300%.

Mark Argenti, CEO and co-founder of Gen2, stated, "We are obviously pleased that we were able to achieve so much traction in our first full year as an operating company. What's really satisfying is that we're gaining traction in every single business unit, including software and technology licensing, network partnerships and media sales, and digital video production. We've established strong proofs of concept across all of our revenue models, and we're seeing that translate into revenue day after day."

Gen2 has grabbed an early leadership position in the growing online video space, landing major partnerships and relationships with companies like Tribune, Clear Channel, Emmis, Microsoft, Salem, Regent, Varsity Brands and Foot Locker, and has seen its online video network grow from 500,000 monthly visitors in January 2009 to over 5 million as of July 2009.

"We only launched our platform in August 2008. That we've had such phenomenal growth in our space and have come so far in such a short time as a company is immensely rewarding. Gen2's products are market-disrupting and we're rapidly establishing a strong market presence," said Argenti. "We look forward to continuing our growth and broadening our market acceptance into 2010 and beyond."

About Gen2Media

Gen2Media is a fully integrated technology, production and marketing company whose proprietary and patent-pending technology has earned the trust and partnership of a growing, globally diversified customer base, comprised of leading media companies, corporate clients, chart-topping artists and celebrities, entertainment companies, advertising agencies and national brands such as: Mary J. Blige, Britney Spears, Justin Timberlake, Microsoft Xbox, Coca-Cola Company, Toyota, Clear Channel, and others.

Gen2Media's video publishing technology enables businesses of all kinds and sizes to easily publish online video, and manage their media content and advertising delivery.

For more information on Gen2 or for Gen2's Safe Harbor Act Disclaimer Notice, please visit www.gen2media.com.

Contact Information

  • CONTACT:
    Elite Financial Communications Group, LLC
    Dodi Handy
    President and CEO
    Twitter: dodihandy
    Kathy Addison
    Director of Elite Media Group
    Twitter: kathyaddison
    407-585-1080
    Email Contact