SOURCE: SMTP, Inc.

May 09, 2011 08:45 ET

SMTP, Inc. Announces Record First Quarter 2011 Results

Net Revenue Increased 65% and Net Income Increased 130%

CAMBRIDGE, MA--(Marketwire - May 9, 2011) - SMTP, Inc. (OTCBB: SMTP), a provider of internet-based email delivery services for permission-based marketing and transactional email, today announced record results for its quarter ended March 31, 2011.

For the first quarter of 2011, net revenues increased 65%, to $932,258, up from $566,339 in Q1 2010. Profit before taxes increased 125% to $271,425 from $120,655 in Q1 2010. Net income increased 130% to $157,361 in Q1 from $68,385 in Q1 2010.

"Our efforts to improve our marketing and support capabilities over the past several months are beginning to pay off with consistent growth across all our customer segments," commented Semyon Dukach, Chairman and CEO of SMTP.

About SMTP, Inc. (OTCBB: SMTP)

SMTP is a leading provider of cloud-based services to facilitate email deliverability, including bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolution. Our services provide customers with the ability to increase the deliverability of email with less time, cost and complexity than handling it themselves. SMTP, Inc. is based in Cambridge, Massachusetts and on the web at www.smtp.com.

Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continues," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, and various other factors beyond the Company's control.

Contact Information

  • For Further Information Contact SMTP, Inc.:

    Semyon Dukach
    CEO
    877-705-9362
    Email Contact

    Mike Kane
    Press Relations
    978-257-2179
    Email Contact

    95 Fulkerson Street
    Cambridge, MA 02141
    www.smtp.com