QuinStreet Announces Acquisition Of CarInsurance.com, Inc.
QuinStreet purchased all outstanding shares of CarInsurance.com, Inc. and related entities for $49.7 million in cash.
Conference Call – Today at 7:00am PT
QuinStreet will host a conference call and corresponding live webcast at 7:00 a.m. PT today, Monday, November 8 th, 2010. To access the conference call, dial 1-866-240-0819 for the U.S. and Canada and 1-973-200-3360 for international callers. The webcast will be available live on the investor relations section of the Company's website at http://investor.quinstreet.com and via replay beginning approximately two hours after the completion of the call until the Company's announcement of its financial results for the second quarter. An audio replay of the call will also be available to investors beginning at approximately 10:00 a.m. PT on November 8, 2010 until 11:59 p.m. PT on November 15, 2010 by dialing 1-800-642-1687 in the U.S. and Canada, or 1-706-645-9291 for international callers, using passcode 23829565#. This press release is also available on the investor relations section of the Company's website at http://investor.quinstreet.com .
About QuinStreetQuinStreet, Inc. (Nasdaq:QNST) is a leader in vertical marketing and media online. QuinStreet is headquartered in Foster City, CA. For more information, please visit www.quinstreet.com. Legal Notice Regarding Forward Looking Statements This press release and its attachments contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties. Words such as "will," "believe," "intend," "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements include the quotations from management in this press release, as well as any statements regarding the Company's anticipated financial results and strategic and operational plans. The Company's actual results may differ materially from those anticipated in these forward-looking statements. Factors that may contribute to such differences include, but are not limited to: the Company's ability to deliver an adequate rate of growth and manage such growth; the impact of changes in government regulation and industry standards; the Company's ability to maintain and increase the number of visitors to its websites; the Company's ability to identify and manage acquisitions; the impact of the current economic climate on the Company's business; the Company's ability to attract and retain qualified executives and employees; the Company's ability to compete effectively against others in the online marketing and media industry; the impact and costs of any failure by the Company to comply with government regulations and industry standards; and costs associated with defending intellectual property infringement and other claims. More information about potential factors that could affect the Company's business and financial results is contained in the Company's annual report on Form 10-K filed on September 13, 2010. The Company does not intend and undertakes no duty to release publicly any updates or revisions to any forward-looking statements contained herein.
CONTACT: The Blueshirt Group Erica Abrams (415) 217-5864 firstname.lastname@example.org Matthew Hunt (415) 489-2194 email@example.com
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