VANCOUVER, Jan. 29, 2019 /CNW/ - Good Life Networks
Inc. ("GLN", or the "Company") (TSXV: GOOD) (FSE:
4G5), a programmatic advertising technology company, today
announced an update to its recent acquisition of 495 Communications
and ImpressionX.
GLN has completed the operational integration of the ImpressionX
business into GLN operations, and expects the completion of 495
Communications integration into GLN operations by the third week of
February.
Trailing twelve months (TTM) consolidated proforma revenue for
GLN, 495 Communications and ImpressionX was $40.2M, with EBITDA of $7.9M and a Net Income of just over $3M based on management prepared financial
statements (October 1st, 2017 to
September 30th, 2018).
"495 Communications and ImpressionX are an exceptional
continuation of our acquisition strategy and represent a key
executional objective for FY2018. These two acquisitions bring GLN
strong revenue and exciting relationships with marquee publishers
and brands that will help us achieve our current and future growth
targets," stated GLN CEO Jesse Dylan.
CEO Jesse Dylan will be a guest speaker today at 1:50pm (Paradigm stage) during the Cantech
Investment Conference taking place at the Metro Toronto
Convention center. We would like to invite everyone attending the
convention today and tomorrow to visit our team at the GLN booth
(#520).
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
The GLN Story
GLN's technology is the engine that sits
between advertisers and publishers. The GLN Platform is built for
cross device video advertising: Mobile, In-App, Desktop and CTV
(Connected Television). The Programmatic Video Marketing Platform
is powered by GLN's Patent Pending proprietary machine learning
technology that targets and connects digital advertisers with
consumers three times faster than industry standards, with among
the lowest fraud rates of similar venders without collecting PII
(Personal Identifiable Information). Advertisers make more money by
reaching their target audience more effectively. GLN makes money by
retaining a percentage of the advertiser's fee.
GLN is headquartered in Vancouver,
Canada with offices in Newport
Beach and Santa Monica
California, New York and UK
and trades on the TSX Venture Exchange under the stock symbol
"GOOD" and The Frankfurt Stock Exchange under the stock symbol
4G5.
Addressable Market: Programmatic trading of digital ads
continues to rise with 65% of all ad expenditure in 2019 being
traded programmatically. Advertisers are projected to spend
$84 billion programmatically this
year, up from $70 billion in 2018. By
2020 the programmatic ad spend is expected to reach $100 billion according to Zenith Media's latest
Programmatic Marketing Forecasts.
Forward Looking Statements:
Forward-looking
statements relate to future events or future performance and
reflect the expectations or beliefs regarding future events of
management of GLN. This information and these statements, referred
to herein as "forward‐looking statements", are not historical
facts, are made as of the date of this news release and include
without limitation, statements regarding discussions of future
plans, estimates and forecasts and statements as to management's
expectations and intentions with respect to the performance of the
company. These statements generally can be identified by use of
forward-looking words such as "may", "will", "expect", "estimate",
"anticipate", "intends", "believe" or "continue" or the negative
thereof or similar variations. These forward‐looking statements
involve numerous risks and uncertainties and actual results might
differ materially from results suggested in any forward-looking
statements. Important factors that may cause actual results to vary
include without limitation, risks relating to the digital
advertising industry and general economic conditions, success of
acquisitions and any growth strategies implemented by the
company. In making the forward‐looking statements in this
news release, the Company has applied several material assumptions,
including without limitation that any acquisitions and corporate
directives and initiatives will be successfully completed in the
time expected by management and produce the desired results,
generate the anticipated revenue and expand GLN's global reach per
management's expectations. GLN does not assume any obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those reflected in the forward
looking-statements, other than as required by applicable securities
laws. Additional information identifying risks and uncertainties is
contained in GLN's filings with the Canadian securities regulators,
which filings are available at www.sedar.com.
SOURCE Good Life Networks Inc.
