MARINA DEL REY, CA -- 06/13/08 --
InfoSearch Media, Inc. (OTCBB: ISHM), a
comprehensive Internet search marketing firm focused on driving more
traffic and conversions to client websites, today announced the sale of
additional equity and the election of two of the Company's major
shareholders to its Board of Directors. For more information, please refer
to the Company's recent 8-K filing.
In addition, on June 10, 2008, the Company filed an amendment to its 10-Q
for the first quarter of 2008 to reflect its auditor's consent of review
and a positive net change from a net loss of ($198,532) to net earnings of
$271,530. This change of more than $470,000 was primarily due to the
revaluing of certain warrant liabilities to be more consistent with
Generally Accepted Accounting Principles (GAAP), as opposed to a change in
operational performance. This did result in a change in EPS to a positive
$0.01from ($0.01). For more information, please refer to the Company's
recent Form 10-Q/A filing.
About InfoSearch Media
InfoSearch Media (http://www.InfoSearchMedia.com) is a leading,
comprehensive Internet search marketing firm providing search optimized
text and Web video content, Pay-Per-Click campaign management and SEO
services all designed to drive more traffic and conversions to client
websites. InfoSearch Media's team of hundreds 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.
Contacts:
Investors
Scott Brogi
CFO
310.437.7550
IR@infosearchmedia.com
Media
Len Simpson
310.437.7546
len.simpson@infosearchmedia.com
