AmericanTowns 2008 Performance Metrics Affirm Vibrancy of the Hyper-Local SpaceCompany Reports Increases in Unique Local Content, Visitors, Group Listings, Revenue Metrics, and Partners FAIRFIELD, Conn. – July 21, 2008 -- AmericanTowns.com, where residents of every town in America can find and share the best local information about their communities, made public today internal performance data on its website’s key accomplishments in 2008 (attached), reaffirming the future growth potential of the hyper-local space. To summarize:
Diversified revenue base now exceeds $10 of revenue per thousand page views, and the Company’s most established towns, serving 3 million people, are now profitable, with all corporate costs fully allocated by region. Distribution of AmericanTowns content now reaches over 10 million viewers per month through Superpages’ Cityguides, Zvents, Eventful and, through our partners, over 200 other news and event sites; a new Community Calendar widget was released for smaller partners. “AmericanTowns management has accomplished each of its core goals for the first 6 months of 2008, which we consider to be the core proof points of local,” said Company chairman Ted Buerger. “These include development of truly local content and community connection; strong technology, efficient processes and broad revenue opportunities; positive user response to quality content; rapid growth in both traffic and revenue metrics, without the need for marketing support. Moreover, the content system and technology framework are already scaled to every town in the country and are expandable without limit; at the same time, the costs of ‘feet on the street’ are unnecessary or even counterproductive to our revenue opportunity.” “We’ve provided the free local platform and core content, so that every town in America has a place to find and share the best local information and insights,” added Jim Maglione, AmericanTowns’ co-president, Community. “We are now focusing on growing our traffic and working collaboratively with people in the communities we serve, allowing them to determine the type of content they want on their AmericanTowns site. Going forward, we’ll also continue to add new features, introduce site enhancements and pursue alliances with best in class partners.” AmericanTowns is also developing its marketing plan for the second half of 2008, to support broader awareness and deeper use of the site at the local level. Its first mobile application will also be launched in Q3. Content, revenue, or distribution partners wishing to work with AmericanTowns should contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Community leaders, bloggers, and publishers should contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it About AmericanTowns AmericanTowns is the leader in collecting and organizing community information for local residents, empowering them to find and share the best local information for their town. For every town in America, AmericanTowns has created a “community webspace” that brings together the nation's most extensive online database of community events, community groups, news, maps, local insights, videos, local resources and special tools for organizations. Local residents can add to, comment on, or otherwise edit this content. Dedicated to connecting citizens, community organizations and locally-focused businesses, AmericanTowns has featured more than 10 million community events in the last 12 months, and offers powerful tools to help more than 120,000 listed community organizations interact more effectively with local citizens. The fastest growing site in the “hyper-local” space, AmericanTowns.com is headquartered in Fairfield, Connecticut. Visit www.AmericanTowns.com. News Coverage: AmericanTowns Releases Metrics, Ad Data Greg Sterling Screenwerk - 07/21/08 ATTACHMENT: Accomplishments of AmericanTowns.com in 2008:
Alfred Leach, 212-481-2826, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Gordon Platt, 212-481-2826, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it |
