September Brings Significant Increases in Usage, Ad Revenue and Site Ranking
NEW YORK, September 20 - GuruNet Corporation (NASDAQ: ANSW), creator of Answers.com, the answer-based search engine, today announced increased activity and revenue as the school season resumed after Labor Day. According to the company's unaudited internal statistics, the two weeks since Labor Day show significant growth compared to June 2005's metrics, shared publicly in July:
- Average daily user queries, including weekends, have increased by about 20%, to approximately 2.1 million, compared to 1.7 million reported for June.
- Average revenue per thousand visits (RPM) has increased roughly 25% to approximately $3.30, compared to $2.64 reported for June.
- According to the research firm Hitwise, a leading competitive intelligence service, Answers.com's rank for the week ending September 17th, for website visits, has improved to number 242 from 313, for the week ending August 27th.
"We are excited with this recent momentum in traffic and revenue and that so many users are seeing the value of simple, integrated information," commented Bob Rosenschein, CEO of GuruNet Corporation. "As a matter of fact, last week provided us with record traffic and ad revenue. We will continue to market aggressively to the educational market as well as to other sectors, in an effort to keep these trends climbing."
In addition, among a number of ongoing, proactive marketing efforts, the company has distributed over 30,000 of its popular branded "Internet Citation" posters to classrooms around the country, and is fulfilling requests for many more on a daily basis. The El Paso Independent School District recently requested 4,000 posters to hang in all the district's classrooms, as part of their Computer Learning Month in October.
About GuruNet
GuruNet Corporation (NASDAQ: ANSW) operates a leading answer-based search engine, http://www.answers.com. Founded in 1999 by Bob Rosenschein, GuruNet provides patented technology and software tools to access concise information on demand. For additional information, visit http://www.gurunet.com. ANSWERS.COM and GURUNET are trademarks of GuruNet Corporation. All other marks belong to their respective owners.
Answers.com offers a "Green Link" program for any writer seeking to provide readers additional information on the more than one million topics available on Answers.com. Simply visit http://www.answers.com/main/link_to_answers.jsp to link any word or phrase to a specific Answers page.
Cautionary Statement
Some of the statements included in this press release are forward-looking statements that involve a number of risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Important factors may cause our actual results to differ materially, including our inability to increase the number of persons who use our products and the number of partners who will generate increased traffic to our sites, and other risk factors identified from time to time in our SEC reports, including, but not limited to, our registration statement on Form SB-2 filed in April 2005. Any forward-looking statements set forth in this news release speak only as of the date of this news release. We do not intend to update any of these forward-looking statements to reflect events or circumstances that occur after the date hereof. This press release and prior releases are available at http://www.gurunet.com. The information in GuruNet's website is not incorporated by reference into this press release and is included as an inactive textual reference only.
Press Contact:
Jay Bailey, Director of Marketing
j@answers.com
+1-888-248-9613
Investor Contact:
Bruce D Smith, CFA, VP Investor Relations and Strategic Development
bruce@answers.com
+1-646-502-4780
