Oct. 31, 2011 /PRNewswire/ — Banks.com, Inc. (NYSE Amex: BNX), operator of leading financial services focused online media properties, announced today that it has completed the sale of the domain name, Look.com.
“As we previously announced was our intention, we are divesting those assets that are no longer core to the finance vertical. With the sale of Look.com, we’re able to convert what has been a non-productive asset since we exited the search business into cash that will help build our core business going forward,” said Dan O’Donnell, Chief Executive Officer of Banks.com. “We now have the necessary resources to focus on what is shaping up to be a very successful 2012 tax season, which is less than two short months away.”
Forward Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. Such forward-looking statements are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and may include statements regarding acquisitions, business estimates, future contracts, future financial performance and results of operations, including cost of revenues, operating expenses, interest expense, net loss and cash flow. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release. Additional information concerning risks and uncertainties that may cause actual results to differ materially from those projected or suggested in the forward-looking statements may be found in Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K filed with the U.S. Securities and Exchange Commission.
Banks.com, Inc. owns and operates finance related, internet media properties including: banks.com, irs.com, filelater.com and mystockfund.com. Our properties provide users with finance-related content and services and vendors with targeted online advertising opportunities. Through banks.com, we provide access to current financial content, including financial news, business articles,
cd rates and financial calculators. We also provide users access to tax related services including
online tax preparation through irs.com,
online tax extensions through filelater.com, and
online stock brokerage services through mystockfund.com.
Contact Information:Daniel O’DonnellPresident and Chief Executive OfficerBanks.com, Inc.(415) 962-9700
SOURCE Banks.com, Inc.
To order reprints of this article, click here: Reprints