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"While
"election years", always generate improved financial results for
our company based on the substantially increased ad frequency
during those periods, we still succeed in achieving profitable
operations during non-election year cycles. And
that was achieved again last quarter," states J. Michael Heil, CEO
of Adaptive Ad Systems.
Third
quarter 2019 revenues were nearly on par with the same period in
the non-election year 2017. Profit before
taxes was $7,923 for the third quarter because the Company
experienced higher expenses relating to the continuing installation
of new systems that will generate additional revenue in
2020. Consequently,
in addition to a profitable third quarter this year, the Company
expects again revenue gains for the 4th quarter
of 2019 and for all of 2020.
Mr.
Heil adds
"We continue to
offer our advanced proprietary software and hardware to clients in
the underserved cable TV advertising markets. These cable system
clients want to take advantage of our state of the
art hardware and
software, as well as our profit-sharing model. We
are currently in the process of adding even more systems and
markets, which increases our subscriber base and ad
revenue".
Adaptive's
technology
now dynamically and economically serves over 210 designated
marketing areas in the United States and the Company has deployed
over 160 systems in over two hundred of these markets in
approximately 34 states in the US.
ABOUT ADAPTIVE AD SYSTEMS INC.
Adaptive Ad
Systems Inc. is a digital media and video communications streaming
Company that together with its subsidiary manufactures develops and
deploys ad insertion and streaming media hardware and proprietary
processing software (DDAI) for the cable TV, Satellite and IPTV
markets. Adaptive is focused on the 2nd and
3rd tier
cable company networks. Its digital ad insertion technology and
unique profit-sharing model overcomes the barriers that typically
prevent the insertion of National and Local advertising products
into those network locations. Adaptive exclusively sells all
available
advertising in each market it has contracted, maintains technology
ownership and has implemented a unique and advantageous
profit-sharing model with its clients. Adaptive also provides
broadband and cable TV services in some niche markets. For
additional information, please visit: www.adaptiveadsystems.com.
FORWARD-LOOKING STATEMENTS
Any
statements contained in this press release that do not describe
historical facts constitute forward-looking statements.
Forward-looking statements may include, without limitation,
financial projections, statements regarding the plans and
objectives of management for future operations, the development,
regulatory approvals and commercialization of the Company's
products, or any of the Company's proposed services, systems,
services, partnerships or acquisitions. Such forward-looking
statements are not meant to predict or guarantee actual results and
performance and actual events or results may differ considerably.
Factors that may cause actual results to differ materially from any
projections may include, without limitation, the Company's
inability to obtain additional financing, delays in the development
of its products, the impact of significant new or changing
government regulation on the industry, existing or increased
competition, results of arbitration and litigation, stock
volatility and illiquidity, and the Company's general failure to
implement the Company's business plans or strategies. The Company
assumes no obligation to update any forward-looking statements to
reflect any change in events or circumstances that may arise after
the date of this release.
ADAPTIVE AD SYSTEMS, INC.
J. Michael
Heil, CEO
4400 NE 77th
Avenue, Suite 275
Vancouver,
Washington 98662
info@aatv.com
www.aatv.com
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