Angie's List Reports Fourth Quarter and Fiscal Year 2012 Results

  • Fourth quarter revenues increased to $46.2 million, up 68% over the prior year quarter
  • Fourth quarter service provider revenue increased to $32.5 million, up 83% over the prior year quarter
  • Cost per acquisition ("CPA") in the fourth quarter was $39, a decrease of 24% over the prior year period
  • Fiscal year 2012 revenues increased to $155.8 million, up 73% compared to fiscal year 2011
  • Total paid memberships of 1,787,394 at December 31, 2012, up 66% year-over-year

Angie's List, Inc. (ANGI) announced today fourth quarter and fiscal year 2012 financial results for the year ended December 31, 2012.

"We had a great fourth quarter concluding an exceptional year," said Angie's List CEO Bill Oesterle. "Entering 2012, we set specific operational objectives, and we exceeded them. We made significant investments in our business during the year and achieved meaningful strides in our ability to monetize our membership base."

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Perion Expects 2013 Revenues to Exceed $110 Million

2012 Non-GAAP Revenues expected to be $61 million

Perion Network Ltd. (PERI) announced today revenue estimates for 2012 and its guidance for 2013.

Revenues in the fourth quarter of 2012 are expected to reach a record $21 million, more than double the fourth quarter of 2011. This will bring total non-GAAP revenues for 2012 to $61 million, increasing 64%, from $37 million in 2011. The $61 million exceeded the updated guidance of $55 million and includes one month of results from the acquisition of SweetPacks. Perion intends to report final 2012 financial results at the beginning of March.

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Groupon Concept Store Arrives in Hong Kong

Physical Store Creates Ultimate Customer Experience

Groupon's ( NASDAQ : GRPN ) first Concept Store in Hong Kong opened its doors today for the first time enabling customers to experience the Groupon lifestyle in a tangible interactive way.

Located in Soundwill Plaza in the heart of Causeway Bay's shopping area, the Groupon Concept Store will offer customers a platform to redeem lifestyle products, test the products in a physical environment and offer an unparalleled customer experience bridging the gap between online and the offline world. To welcome early-bird customers, the first ten to answer mystery questions correctly at the Concept Store will win an iPhone 5 and the first 1,000 redeeming products at the store will receive 50 Groupon credits.

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MeetMe(R), Inc. Ranked Number 32 Fastest Growing Company in North America on Deloitte's 2012 Technology Fast 500(TM)

MeetMe, Inc. ( NYSE MKT : MEET ), the public market leader in social discovery, today announced it ranked 32 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on five-year revenue growth. In that period, MeetMe, Inc. has grown its revenue 5300%.

"The November 2011 merger of Quepasa and myYearbook represented a key milestone for both organizations and its significance is reflected by our 2011 combined revenues," said John Abbott, CEO, MeetMe, Inc. "In the time since, we rebranded to MeetMe and completed the migration of the Quepasa user base to MeetMe, the final milestone of a yearlong integration effort which also included the consolidation of our operations in New Hope, Pennsylvania."

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Tucows Announces Plan to Commence Dutch Auction Tender Offer

Tucows Inc. (NYSE AMEX:TCX, TSX:TC) a global provider of domain names, email and other Internet services, today announced its plan to launch a "modified Dutch auction" tender offer (the "Tender Offer") to repurchase up to 6,500,000 shares of its common stock, representing approximately 14.7% of Tucows' outstanding shares, at a price per share not less than $1.35 and not greater than $1.50. This price range represents a premium of 9.6% to 21.8% to the year-to-date volume-weighted average price of $1.23 per share for the Company's common stock. The tender offer is expected to commence the week of November 19, 2012 and will remain open for at least 20 business days.

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