Inuvo, Inc. INUV (the "Company" or "Inuvo"), today announced it would move its
corporate headquarters from New York to Conway, Arkansas. The
Internet marketing and technology company anticipates the creation of
50 highly skilled jobs within the State over the next 4 years. Senior
leaders in the Company have committed personally to the move.
Inuvo develops consumer applications that make using the Internet
easier and delivers targeted advertisements onto websites owned by
partners and the Company. Inuvo recently announced fiscal 2012
preliminary unaudited revenues of $53.3 million dollars, up 49% from
the previous year.
Working closely with the Arkansas Economic Development Commission
(AEDC), Inuvo analyzed in great detail the benefits of relocation and
anticipates that within 6 months of the move, the company would be on
a run rate to improve operations by as much as $1.5 million dollars
annually. The State will be helping Inuvo move through a grant that
can be used to fund relocation and equipment expenses.
"Inuvo is committed to building a successful and profitable Internet
business," said Richard Howe, Inuvo chairman and chief executive
officer. "Through this move, we both improve our operating
performance and partner with a state committed to creating
opportunities for knowledge-based businesses."
Inuvo's headquarters will be located in downtown Conway at 1111 Main
Street.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in