Third Quarter 2010 Financial ResultsRevenues for the third quarter of 2010 increased 9.5% to $8.9 million compared to $8.1 million for the third quarter of 2009. In concert with management's plan and focus for 2010, internet advertising increased 50.3% year-over-year to $7.1 million, and comprised 79.9% of total revenue. Growth was driven by focused marketing campaigns which resulting in net new customer additions, including new premium franchise customers, which was complemented by the sell through of additional web based services to the Company's installed customer base. Lower margin TV production and advertising service revenues declined 48.5% year-over-year to approximately $1.6 million or 18.0% of total revenues. As of September 30, 2010, the number of active customers for the Company's internet advertising business was 758 and during the third quarter, which was up 8% from previous quarter. The number of customers utilizing the TV advertising business was 148 and approximately 20% of these customers were serviced by both platforms.
|Third Quarter 2010 Revenue Breakdown By Business Unit (USD in thousands) (unaudited)|
|(3 months ended September 30,)||2010||2009||CHANGE|
|% of Sales||79.9%||58.2%|
|% of Sales||18.0%||38.3%|
|% of Sales||1.5%|