LOS ANGELES, April 1, 2013 /PRNewswire/ -- Webxu, Inc. (OTCBB: WBXU), a media company that owns and operates a network of consumer branded websites and businesses focused on Customer Acquisition, E-Commerce and Mobile Media, today announced the successful launch of their new Auto Customer Acquisition vertical through their new consumer branded website 24hourautoinsurancequote.com.
For Q1 2013, Webxu's planned organic growth strategy included the development and addition of new verticals in the lucrative Auto and Insurance categories of their Customer Acquisition operations. Webxu recently launched their organic strategy with their 24hour brand. During the first month of operation, the Auto vertical achieved an annualized revenue run rate of over $600 thousand. The US Auto industry is experiencing rapid growth. Emarketer projects online advertising spending of the US Auto industry to grow from $4.35 billion in 2012 to $7.44 billion in 2016, an approximate 71 percent increase. The US Auto industry sold 1.2 million light vehicles in February 2013. This marked a 14.3 percent increase on January 2013 sales, and a 3.7 percent increase on February 2012 sales.
"We are very excited about the launch into the Auto vertical and about our 24hour consumer brand," said Keith Schaefer, Webxu CEO. "With the collaboration of strategic partnerships in a growing market, we anticipate the ability to generate continued sustainable growth in revenue and profit margin throughout 2013."
About Webxu, Inc.Webxu, Inc. (OTCBB: WBXU) is a media company that owns and operates a network of consumer branded websites and businesses focused on Customer Acquisition, E-Commerce and Mobile Media. Through its branded consumer websites, Webxu generates revenue by providing Advertiser clients with targeted consumer traffic. Webxu is headquartered in Los Angeles, CA. For more information about Webxu, visit http://www.webxu.com. Webxu Media Contact: Mike Roth firstname.lastname@example.org Cautionary Language Regarding Forward Looking Statements This release and any attachments contain forward-looking statements within the meaning of the "safe harbor" provisions of the Federal securities laws, including 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 latest annual report. These forward looking statements are made as of today's date and, except as otherwise required by law, the Company does not intend and undertakes no duty to release publicly any updates or revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof.
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