MIVA Direct Signs Co-Branded Toolbar Agreement with Reader's Digest
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MIVA Direct, Inc., the toolbar, homepage and content division of digital
media company, MIVA, Inc. (NASDAQ:MIVA), today announced the further
expansion of its ALOT toolbar brand following the signing of a
co-branded toolbar agreement with general interest publisher, Reader’s
Digest.
Under the terms of the agreement, MIVA Direct will work with Reader’s
Digest to develop the ALOT Reader’s Digest
toolbar. The new toolbar will enable users to conduct searches across
Reader’s Digest’s
recently re-launched website and will also include buttons providing one
click access to five channels of the new site including ‘Living
Healthy’, ‘Laughs’
and ‘Games’.
Consistent with all ALOT toolbars, the ALOT Reader’s
Digest toolbar will also include full web search functionality providing
toolbar users with both algorithmic results and sponsored links. It is
expected that the new toolbar will be co-marketed by MIVA Direct and
Reader’s Digest through an integrated online
campaign.
"This is an exciting new agreement and the
latest step in the continued roll-out of the ALOT brand,”
commented Rob Roe, SVP / GM, MIVA Direct. "Our
strategy with ALOT is to continue to introduce new, interest-specific
toolbars both as standalone products and through co-branded deals such
as this new agreement with Reader’s Digest.”
Added Michele Mitchell, VP of Audience Development, Reader’s
Digest:
"Combining MIVA’s
expertise in toolbar development with the breadth of content on the new
Reader’s Digest site will enable us to create
a highly compelling new product that further extends our brand online.”
The Reader’s Digest toolbar is expected to
launch in August 2008 and will be the latest addition to MIVA Direct’s
growing portfolio of ALOT toolbars. There are currently 34 ALOT toolbars
available for download covering verticals such as music, reference,
recipes and health.
www.alot.com www.rd.com About MIVA Direct, Inc.
MIVA Direct operates a portfolio of consumer websites, interest-specific
toolbars and personalized homepages. MIVA Direct’s
millions of active toolbars span a range of niche sectors including
jokes, music, recipes and horoscopes and offer consumers search
functionality in addition to one-click access to tailored content. MIVA
Direct is owned by MIVA, Inc. (NASDAQ:MIVA).
About MIVA®,
Inc.
MIVA, Inc. (NASDAQ:MIVA) is a global digital media company with a
mission to deliver valuable digital audiences to advertisers. MIVA has
two focuses to its business: owning and operating a growing portfolio of
consumer destination sites and interest-specific toolbars, through its
MIVA Direct division; and running a third-party contextual Pay-Per-Click
ad network focused on key vertical sectors, through its MIVA Media
division. MIVA, Inc. operates across North America and Europe.
About Reader’s Digest Reader's Digest reaches nearly 40 million readers each month in
the United States and twice as many worldwide. Its U.S. website is www.readersdigest.com.
The magazine is published in 51 editions and 22 languages, and reaches
readers in more than 60 countries. It is the flagship of The Reader's
Digest Association, Inc., a global publisher and direct marketer of
products that inform, entertain and inspire people of all ages and
cultures around the world. Global headquarters are in Pleasantville, N.Y.
Forward-looking Statements
This press release contains certain forward-looking statements that are
based upon current expectations and involve certain risks and
uncertainties within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Words or expressions such as "anticipate”
, "plan," "will," "intend," "believe" or "expect'" or variations of such
words and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements are not
guarantees of future performance and are subject to risks,
uncertainties, and other factors, some of which are beyond our control
and difficult to predict and could cause actual results to differ
materially from those expressed or forecasted in the forward-looking
statements, including (1) our ability to successfully execute upon our
corporate strategies, (2) our ability to develop and successfully market
new products and services, and (3) the potential acceptance of new
products in the market. Additional key risks are described in MIVA's
reports filed with the U.S. Securities and Exchange Commission,
including the Form 10-K for fiscal 2007 and our most recently filed Form
10-Q.
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