SEATTLE -- (Business Wire)
Marchex, Inc. (NASDAQ: MCHX) today announced that upon the
recommendation and approval of the independent Special Committee of the
Board, the company's Board of Directors has declared a regular quarterly
dividend in the amount of $0.035 per share on its common stock for the
first, second, third and fourth quarters of 2013 and is accelerating its
payment of these dividends into the fourth quarter of 2012. Marchex will
pay the dividends on December 31, 2012 to the holders of record as of
the close of business on December 18, 2012. As of December 7, 2012,
9,570,382 shares of Class A common stock and 27,964,815 shares of Class
B common stock are outstanding.
Marchex commenced the payment of a regular quarterly cash dividend on
its common stock on February 15, 2007. In August 2012, the company
increased its regular quarterly dividend from $0.02 to $.035 per share
on its common stock. The company intends to pay a regular quarterly
dividend, which it anticipates will be transferred from Marchex to
Archeo following the proposed spin-off, at the discretion of the Board
of Directors depending on available cash, anticipated cash needs,
overall financial condition, future prospects for earnings and cash
flows as well as other relevant factors.
Marchex, Inc. delivers customer calls to businesses and analyzes those
calls so companies can get the most out of their mobile advertising.
Marchex supports its customers through a unique technology platform that
has three primary components: (1)
Call Analytics, which powers all of Marchex’s advertising solutions,
and allows partners to leverage data and insights that accurately
measure the performance of mobile, online and offline call advertising; (2)
Digital Call Marketplace, which annually connects hundreds of
millions of consumer calls to advertisers from a range of mobile and
online sources on a Pay For Call basis; and (3)
Local Leads, a white-labeled, full service digital advertising
solution for small business resellers that drives quality phone calls
and other leads to their small business advertisers.
On November 1, 2012, Marchex announced its intention to pursue
separation of its business into two distinct, publicly-traded entities.
Upon completion of the proposed tax-free spin-off transaction, Marchex’s
existing shareholders would hold interests in: (1) Marchex, a pure play
mobile advertising company focused on calls, and (2) Archeo, Inc., a
premium domain and advertising marketplace. The spin-off is expected to
be completed in 2013. Marchex is based in Seattle. To learn more, please
This press release contains forward-looking statements that involve
substantial risks and uncertainties. All statements, other than
statements of historical facts, included in this press release regarding
our strategy, future operations, future financial position, future
revenues, other financial guidance, acquisitions, projected costs,
prospects, plans and objectives of management are forward-looking
statements. In addition, there are certain risks and uncertainties
relating to our previously announced spin-off transaction which
contemplates a separation of our mobile and call advertising business
and our domain and advertising marketplace business, including, but not
limited to, the impact and possible disruption to our operations, the
timing and certainty of completing the transaction, the high costs in
connection with the spin-off which we would not be able to recoup if the
spin-off is not consummated, the expectation that the spin-off will be
tax-free, revenue and growth expectations for the two independent
companies following the spin-off, unanticipated developments that may
delay or negatively impact the spin-off, and the ability of each
business to operate as an independent entity upon completion of the
spin-off. We may not actually achieve the plans, intentions or
expectations disclosed in our forward-looking statements and you should
not place undue reliance on our forward-looking statements. Actual
results or events could differ materially from the plans, intentions and
expectations disclosed in the forward-looking statements we make. There
are a number of important factors that could cause Marchex's actual
results to differ materially from those indicated by such
forward-looking statements which are described in the "Risk Factors"
section of our most recent periodic report and registration statement
filed with the SEC. All of the information provided in this release is
as of December 7, 2012 and Marchex undertakes no duty to update the
information provided herein.
Marchex Investor Relations
Marchex Public Relations
Source: Marchex, Inc.
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