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Intersections Inc. Reports Second Quarter 2013 Earnings, Declares Quarterly Cash Dividend And Affirms Current Year Guidance

Intersections Inc. (NASDAQ: INTX) today announced financial results for the quarter ended June 30, 2013. Revenue for the quarter ended June 30, 2013 was $80.8 million, as compared to $87.5 million for the quarter ended June 30, 2012. Consolidated adjusted EBITDA before share related compensation and non-cash impairment charges for the quarter ended June 30, 2013 was $8.8 million, compared to $16.4 million for the quarter ended June 30, 2012. Net income for the quarter ended June 30, 2013 was $1.6 million, as compared to $6.2 million for the quarter ended June 30, 2012. Revenue for the six months ended June 30, 2013 was $162.3 million, as compared to $177.2 million for the six months ended June 30, 2012. Consolidated adjusted EBITDA before share related compensation and non-cash impairment charges for the six months ended June 30, 2013 was $18.7 million compared to $32.7 million for the six months ended June 30, 2012. Net income for the six months ended June 30, 2013 was $3.8 million, compared to $12.4 million for the six months ended June 30, 2012. Cash flow provided by operations for the six months ended June 30, 2013 was $12.2 million. Diluted earnings per share decreased to $0.20 for the six months ended June 30, 2013, from $0.66 for six months ended June 30, 2012. As of June 30, 2013, we had a cash balance of $20.6 million and $30.0 million of available borrowings under our revolving credit facility.

In addition, our Board of Directors has declared an ordinary cash dividend of $0.20 per share of common stock payable on September 6, 2013 to shareholders of record as of August 26, 2013. This represents our 13th consecutive ordinary quarterly dividend. Based on the closing price on August 7, 2013 of $9.90 per share, our quarterly cash dividend represents an effective annual dividend yield of 8.1%.

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