InfoSearch Media Employees Join Management in Pay Reductions
16 Mai 2008 - 2:00PM
Marketwired
MARINA DEL REY, CA , a comprehensive Internet search marketing
firm providing text and video Content, Pay-Per-Click campaign
management and SEO services all designed to drive more traffic and
conversions to client websites, today announced that the majority
of its 25 employees have chosen to take temporary pay cuts of 33%
to 71%, in a show of commitment and solidarity. The employees join
the efforts of Senior Management as they expand their already
existing pay cut with the CEO and CFO now reducing salary by 71%
and 64% respectively.
This initiative shows a shared belief in the company's future
opportunities and a willingness to make short-term individual
sacrifices to ensure collective longer-term success.
"These reductions help us continue to deliver high value for our
clients, and this kind of broad-based commitment is particularly
telling," says Chief Executive Officer George Lichter. "I believe
this is the strongest possible indication of how positively those
closest to the business feel about its future prospects."
"We have done a lot of belt tightening throughout the entire
organization over the past few months and as a result, are close to
achieving recurring operating profit while still incurring
disproportionate costs of being a small public company," says Chief
Financial Officer Scott Brogi. "We are hopeful this kind of
near-term investment will reap significant rewards for our
dedicated team here at InfoSearch Media."
All employees at InfoSearch Media receive equity in the Company
to help ensure alignment with the Company's customers and its
shareholders.
About InfoSearch Media
InfoSearch Media (http://www.InfoSearchMedia.com) is a leading,
comprehensive Internet search marketing Company and the largest
dedicated provider of cost-effective Web traffic via search
optimized text and video content, pay-per-click and SEO services.
InfoSearch Media's network of professional writers, editors,
technical specialists and video producers helps businesses succeed
on the Web by implementing cost-effective Internet marketing
solutions designed to deliver more Web traffic for customers of
every size. Whether a business needs more local traffic in 100
cities or is a content publisher with an ongoing need for fresh,
targeted Web content, InfoSearch Media offers the outsourced
solutions, capacity and reputation to help clients secure Internet
traffic. Incorporated in 2000, the publicly traded Company is
headquartered in Marina del Rey, California.
Safe Harbor Statement
This release contains "forward-looking statements" that involve
risks and uncertainties. Actual results may differ materially from
expectations discussed in such forward-looking statements.
Management assumes no obligation to comment on or provide an update
to its stock purchases or sales in the future except as
specifically required by law and by the Securities and Exchange
Commission. Factors that might cause such differences include, but
are not limited to the challenges of attracting new customers and
maintaining existing customers and developing, deploying and
delivering InfoSearch services; competition from existing and new
competitors; the ability to generate sufficient cash flow or
otherwise obtain funds to repay new or outstanding indebtedness;
the loss or decline in business from our key customers and other
risks described from time to time in InfoSearch's filings with the
Securities and Exchange Commission. In particular, see InfoSearch's
Annual Report on Form 10-K for the year ended Dec. 31, 2007, filed
with the Securities and Exchange Commission, copies of which are
available upon request from InfoSearch. InfoSearch does not assume
any obligation to update the forward-looking information contained
in this press release.
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