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San Diego, CA 7/02/2009
Business software developer IncrediMail, Ltd. (MAIL) shares jumped yesterday on news that its relationship with Google Inc. (GOOG) - AdSense, to be specific - had been renewed. The stock's move to yesterday's closing price of $6.47 was a new 52-week high. A more thorough analysis has been posted at the Small Cap Network website.
Investors who would like to review the IncrediMail commentary as well as access thoughts and opinions on other individual stocks, as well as the broad market, can visit the site by going to: http://access.smallcapnetwork.com/t/
Ofer Adler, IncrediMail’s CEO, was quited as saying “We are very happy, having extended our agreement with Google. This renewal reflects the positive relationship established between our companies and a relationship that has allowed IncrediMail to continue to perform well. The contract renewal facilitates our current business strategy, which allows IncrediMail users to carry out ‘Google searches’, will continue to move forward for another two years. It also reaffirms our commitment to our current business model that we believe has demonstrated our approach to monetizing our user base is clearly working.”
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This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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