MARINA DEL REY, CA -- 05/16/08 --
InfoSearch Media, Inc. (OTCBB: ISHM), 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.
