SOURCE: Vertro, Inc.

Vertro, Inc.

July 05, 2011 12:20 ET

Vertro Announces New Credit Facility With Bridge Bank, N.A.

New Agreement Enhances Existing Facility and Reflects Vertro's Streamlined Operations

NEW YORK, NY--(Marketwire - Jul 5, 2011) - Vertro, Inc. (NASDAQ: VTRO) and its subsidiary, Alot, Inc. (collectively the "Company"), announced that it has entered into a new credit facility agreement with Bridge Bank, N.A., a subsidiary of Bridge Capital Holdings (NASDAQ: BBNK) ("Bridge Bank"). The new credit facility is for up to a total of $8 million under First Business Financing Modification Agreement (the "Facility"). This amends the Company's original $5 million Business Financing Agreement, dated December 17, 2009. The Facility provides a receivables financing facility of up to $6.5 million, along with a growth capital credit facility to the Company of up to $1.5 million. At July 1, 2011, the Company was eligible to draw down approximately $4.0 million under the Facility. The Agreement terminates on June 20, 2013.

"We are extremely pleased to have re-negotiated this new credit facility, and appreciate the continued confidence our strategic financial partner, Bridge Bank, has in our Company's financial strength and long term strategic outlook," commented Peter Corrao, Vertro's President and CEO.

"The re-negotiation of this new credit facility is another important step as we continue to solidify and enhance Vertro's overall financial position. We believe this new credit facility will help facilitate our future ongoing product development and app strategy, along with our international market expansion efforts. While the company has no immediate plans to draw down on its new credit facility, we welcome the flexibility it will provide us to more effectively capitalize on these and other strategic opportunities as they present themselves."

About Bridge Bank, N.A. and Bridge Capital Holdings

Bridge Bank, N.A. is Silicon Valley's full-service professional business bank. The bank is dedicated to meeting the financial needs of small, middle-market, and emerging technology businesses. It provides a comprehensive package of business banking solutions delivered through experienced, professional bankers. Bridge Bank is a unit of Bridge Capital Holdings, which holds a Global Select listing on The NASDAQ Stock Market under the trading symbol "BBNK."

About Vertro, Inc.

Vertro, Inc. (NASDAQ: VTRO) is an Internet company that owns and operates the ALOT product portfolio. Through ALOT, consumers can discover apps which they can display through three specific products: ALOT Appbar, ALOT Toolbar and ALOT Home. These apps are developed in-house and by third party app developers and are designed to enhance the way people interact with content online. ALOT has millions of users across its product portfolio. Together these users conduct high-volumes of type-in-search queries, which are monetized through third-party search and content agreements.

Source: VTRO-G

Forward-looking Statements
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "anticipate," "plan," "will," "intend," "believe" or "expect" or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including (1) our ability to successfully execute upon our corporate strategies, (2) our ability to distribute and monetize our international products at rates sufficient to meet our expectations, (3) our ability to develop and successfully market new products and services, (4) the potential acceptance of new products in the market, and (5) the impact of changes to our monetization partners implementation guidelines. Additional key risks are described in Vertro's reports filed with the U.S. Securities and Exchange Commission, including the Form 10-Q for Q1 2011.