Adaptive Ad Systems Reports Solid Financial Performance Q3 2019 Generates Profit for 20th time in a Row
Vancouver, Wash. November 15, 2019. Adaptive Ad Systems, Inc. (OTC:AATV), a company that provides Dynamic Digital Ad Insertion (DDAI) via its streaming media hardware and proprietary processing software for the U.S. cable TV and Satellite markets, today reports another profitable quarter for the 20th time in a row.
“While “election years”, always generate improved financial results for our company based on the substantially increased ad frequency during those periods, we still succeed in achieving profitable operations during non-election year cycles. And that was achieved again last quarter” states J. Michael Heil, CEO of Adaptive Ad Systems.
Third quarter 2019 revenues were nearly on par with the same period in the non-election year 2017. Profit before taxes was $7,923 for the third quarter because the Company experienced higher expenses relating to the continuing installation of new systems that will generate additional revenue in 2020. Consequently, in addition to a profitable third quarter this year, the Company expects again revenue gains for the 4th quarter of 2019 and for all of 2020.
Mr. Heil adds ”We continue to offer our advanced proprietary software and hardware to clients in the underserved cable TV advertising markets. These cable system clients want to take advantage of our state of the art hardware and software, as well as our profit-sharing model. We are currently in the process of adding even more systems and markets, which increases our subscriber base and ad revenue”.
Adaptive’s technology now dynamically and economically serves over 210 designated marketing areas in the United States and the Company has deployed over 160 systems in over two hundred of these markets in approximately 34 states in the US.
ABOUT ADAPTIVE AD SYSTEMS INC.
Adaptive Ad Systems Inc. is a digital media and video communications streaming Company that together with its subsidiary manufactures develops and deploys ad insertion and streaming media hardware and proprietary processing software (DDAI) for the cable TV, Satellite and IPTV markets. Adaptive is focused on the 2nd and 3rd tier cable company networks. Its digital ad insertion technology and unique profit-sharing model overcomes the barriers that typically prevent the insertion of National and Local advertising products into those network locations. Adaptive exclusively sells all available advertising in each market it has contracted, maintains technology ownership and has implemented a unique and advantageous profit-sharing model with its clients. Adaptive also provides broadband and cable TV services in some niche markets. For additional information, please visit: www.adaptiveadsystems.com.
Any statements contained in this press release that do not describe historical facts constitute forward-looking statements. Forward-looking statements may include, without limitation, financial projections, statements regarding the plans and objectives of management for future operations, the development, regulatory approvals and commercialization of the Company’s products, or any of the Company’s proposed services, systems, services, partnerships or acquisitions. Such forward-looking statements are not meant to predict or guarantee actual results and performance and actual events or results may differ considerably. Factors that may cause actual results to differ materially from any projections may include, without limitation, the Company’s inability to obtain additional financing, delays in the development of its products, the impact of significant new or changing government regulation on the industry, existing or increased competition, results of arbitration and litigation, stock volatility and illiquidity, and the Company’s general failure to implement the Company’s business plans or strategies. The Company assumes no obligation to update any forward-looking statements to reflect any change in events or circumstances that may arise after the date of this release.
ADAPTIVE AD SYSTEMS, INC.
Michael Heil, CEO
4400 NE 77th Avenue, Suite 275
Vancouver, Washington 98662
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