MIVA, Inc. Completes All-Cash Asset Sale of MIVA Media Business to Adknowledge

MIVA, Inc. Focuses on ALOT Search-Related Products; Streamlines Ongoing Operations; Defines 2009 Strategy Thursday March 12, 2009, 1:54 pm EDT Buzz up! Print Related: MIVA Inc. NEW YORK–(BUSINESS WIRE)–MIVA, Inc. (NASDAQ:MIVA – News) today announced the completion of the sale of assets relating to its MIVA Media operations to advertising network, Adknowledge, for cash consideration of approximately $11.6 million, plus assumption of certain balance sheet liabilities, and subject to certain retained assets and liabilities and post-closing adjustments. Related Quotes Symbol Price Change MIVA 0.23 +0.09 The transaction further streamlines MIVA, Inc.’s operations and accelerates the company’s strategy of developing and expanding its high margin, consumer-oriented toolbar, homepage and desktop search-related products. As a result of the transaction, MIVA, Inc. has reduced total headcount from 129 on December 31 2008 to approximately 50, which includes the transfer of approximately 75 MIVA Media and certain corporate staff to Adknowledge. MIVA, Inc.’s remaining employees will work predominantly out of the company’s New York offices, with a small number remaining in Fort Myers, Florida. MIVA, Inc. intends to use the proceeds from the sale of the MIVA Media business to focus on the expansion of its ALOT product portfolio. Peter Corrao, MIVA, Inc.’s President and CEO, commented: “We believe that consolidation is required in the Pay-Per-Click sector and that Adknowledge is extremely well positioned to take advantage of MIVA Media’s assets.” “MIVA, Inc.’s ongoing strategy is to focus on developing and expanding our ALOT products and monetizing the high value type-in search they deliver. The transaction delivers increased capital and, importantly, will enable us to focus our technology, business development and product marketing teams on the growth and expansion of our ALOT brand.” MIVA, Inc.’s common stock continues to trade on the NASDAQ under the trading symbol ‘MIVA’. MIVA, Inc. intends to change its name and ticker symbol in the near future. The investment bank Petsky Prunier LLC acted as financial advisors and Baker & McKenzie LLP and Potter Anderson & Corroon LLP acted as legal advisors to MIVA, Inc. in connection with the sale of the MIVA Media business. http://www.alot.com http://www.mivainc.com About MIVA, Inc. MIVA, Inc. (NASDAQ:MIVA – News) is an Internet company that owns and operates the ALOT product portfolio. ALOT’s products are designed to ‘Make the Internet Easy’ by enhancing the way consumers engage with content online. The company’s millions of active users utilize ALOT to discover ‘best-of-the-web’ third party content, display that content through customizable toolbar, homepage and desktop products and deliver high value search traffic to MIVA, Inc for in-house and third-party monetization. Forward-looking Statements This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as “anticipate”, “plan,” “will,” “intend,” “believe” or “expect'” or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including (1) our planned use of proceeds, (2) our ability to successfully execute upon our corporate strategies, including our plans for the MIVA Direct business and the ALOT products, (3) our ability to develop and successfully market new products and services, and (4) the potential acceptance of new products in the market. Additional key risks are described in MIVA’s reports filed with the U.S. Securities and Exchange Commission, including the Form 10-K for fiscal 2007 and our most recently filed Form 10-Q. Contact: MIVA, Inc. Peter Corrao, 239-561-7229 President and CEO

MIVA DIRECT ADDS LIVE COMMUNITY FEATURES TO ALOT FOLLOWING SIGNING OF MEEBO AGREEMENT

NEW YORK – February 19, 2009. MIVA Direct, Inc., the toolbar, homepage and content division of digital media and advertising company, MIVA, Inc. (NASDAQ:MIVA), today announced the roll out of live community features across its ALOT Toolbar and Homepage products following the signing of a new agreement with Meebo, one of the Web’s fastest growing social media companies.

Under the terms of the agreement, MIVA Direct is using Meebo’s technology to facilitate real-time social interactions between users via chat rooms that are promoted across ALOT Toolbar and ALOT Home. Meebo is serving social ads into the technology and MIVA Direct will earn a share of the revenue generated from these ad units.

In addition to the expected revenue it will generate, the functionality is also designed to extend ALOT’s mission of ‘Making the Internet Easy’ by delivering further value to the brand’s existing vertical audiences. Chris Dessi, MIVA Direct’s VP of Sales and Business Development, explains:

“Since launching ALOT we’ve been building up users across a broad range of different verticals – our ALOT Toolbar for Recipes, for example, currently has over 335,000 live users[1]. We believe there are significant potential benefits in offering vertically focused chat rooms that enable these like-minded users to communicate directly with each other, and believe that Meebo is a great application to help us kick-start this process.”

Added Stephanie Quay, Meebo’s Director of Business Development: “The scale and vertical focus of ALOT’s customer base makes them a great fit for Meebo. We look forward to working with them to roll out and monetize our solution.”

http://www.alot.com

http://www.miva.com

http://www.meebo.com

-ends-

About MIVA^®, Inc.

MIVA, Inc. (NASDAQ:MIVA) is a global digital media company with a mission to deliver valuable digital audiences to advertisers. MIVA has two focuses to its business: owning and operating toolbar, homepage and desktop products, through its MIVA Direct division; and running a third-party contextual Pay-Per-Click ad network through its MIVA Media division. MIVA, Inc. operates across North America and Europe.

About Meebo, Inc.

With over 40 million people sharing over 5 billion messages and 75 million links every month, Meebo is one of the Web’s fastest growing social media companies. Founded in September 2005, Meebo enables real-time social interactions with instant messaging and group chat at meebo.com and on partner sites across the Web. Meebo is headquartered in Mountain View, CA. Visit meebo.com to connect with friends live on the Web.

Forward-looking Statements

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as “anticipate” , “plan,” “will,” “intend,” “believe” or “expect'” or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including (1) our ability to successfully execute upon our corporate strategies, (2) our ability to develop and successfully market new products and services, and (3) the potential acceptance of new products in the market. Additional key risks are described in MIVA’s reports filed with the U.S. Securities and Exchange Commission, including the Form 10-K for fiscal 2007 and our most recently filed Form 10-Q.

®Registered trademark

MIVA Contact:

Alex Vlasto

(212) 736-9151

Alex.Vlasto@miva.com

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[1] Source: Internal statistics: 2/8/09

The Power of the Quick Win

Since I started here at Miva Direct, we’ve been pushing our team internally to execute in the most expeditious manner possible.  All hands on deck brainstorming sessions, long hours and full commitment from everyone involved. The results have been better than anyone could have expected with this down economy.  Here’s why;

Quick Wins

The executive team spend a full day at an offsite meeting outlining the quickest way to generate our desired results (revenue) in the most efficient manner using all resources we have at our fingertips (ie, no new hires). It worked well, and we’re reaping the rewards as we approach mid-Q1

Here’s how we did it

1.      Made people believers not bystanders – we engaged the help of everyone from Account Managers to Directors and VP’s.  Everyone has had a hand in this success, and taken ownership.

2.      Understood uncertainty – Moving forward in this manner, we didn’t sugar coat things with the team. They understand the implications of this economy and understand they can have a hand in their own destiny.

3.      Show humility – The executive team has had to ask for help. Ideas that may not have been touched on during the meeting were add

4.      Learn about your team – We’ve had to ask people to take on roles and responsibilities that may not have been in their job description and this has been a huge success.  Our team is so talented. I’m surprised and impressed by them daily. We’ve given them the opportunity to shine.

 

What we didn’t do – that could have destroyed our efforts:

1. Focus too heavily on details – we used the theory of Occam’s razor – or the Law of Economy.

2. Reacting negatively to criticism – We understood that we needed to improve. We put our heads down and did.

3. Intimidating others – We didn’t used idle threats to motivate. We enlisted the help of our teammates, and empowered them to move.

4. Jumping to conclusions – We stayed open to suggestions and guidance from the team, and didn’t assume anything.

5. Micromanaging – We trusted our people to execute.

Go get some quick wins!

We did..

A gift for you today.

Today is the beginning of a new life. Today, you can start over. All good things are coming to you today. You’re grateful to be alive today. You see beauty all around you. You live with passion and purpose. You take time to laugh everyday. You are awake, energized and alive. You focus on all the good things in life. You give thanks for them. You are at peace and one with everything. You feel the love, joy and the abundance. You are free to be yourself. You are magnificence in human form. You are the perfection of life. Be grateful to be you. Today is the best day of your life.

I know I am.

New Years Resolutions for the Interactive Advertising World

It’s that time of year again, when you make promises you can’t keep, over commit to Gym time, work hours, and time spent on that novel you started Freshman year in College.   After setting to work on my own list of New Years Resolutions, I thought it may be valuable to scour the Internet and aggregate a few of my favorite lists from the on line advertising world.  Take a look:

Click this link to check out MediaTwo – Interactive Ad Agency‘s resolutions.

Media Post did something different this year, and offer New Year’s Resolutions for Hispanic Marketers; HERE

Adotas is always insightful.   Take a look at their resolutions.  All of which I agree with. If I were to put them in order of importance, I’d list

Better Engage Users Through Social Interaction as my number one

Kudos to the team at Adotas. I believe their list is one of the most comprehensive I could find.

Here are my 5 Resolutions for 2009:

1. Listen to our users more. The Alot.com brand is a phenomenal product.  We need to break down walls and allow our users to give us feedback about the product.  This will allow for champions for the Alot.com brand, and provide a forum for us to share information.

2. Continue to be the “white hat” provider of downloadable toolbars.  We have a strong relationship with Google, Truste Certification, and will continue to develop and cultivate strong working relationships.

3. Test, test test.   Our team has so many great ideas that will enhance our users experiences that it behooves us to test everything.

4. Continue to pay attention to ROI.  It’s easy to get caught up in big deals attached to big dollar signs.  If there’s no attention to ROI, we’re shooting ourselves in the foot.

5. Stay focused.  As we grow and continue to generate revenue, it’s easy to rest on your laurels.  We need to stay focused and push each other (especially in such a volatile economic environment.

Exciting!

MIVA Direct Appoints Chris Dessi as VP of Sales and Business Development
Tuesday December 9, 7:28 am ET
Appointment Follows the Launch of MIVA Direct’s Customizable ALOT Toolbar and Homepage Products

 

NEW YORK, NY–(MARKET WIRE)–Dec 9, 2008 — MIVA Direct, Inc., the toolbar, homepage and content division of digital media and advertising company, MIVA, Inc. (NasdaqGM:MIVA – News), today announced the appointment of Chris Dessi as VP of Sales and Business Development.Chris’s appointment is intended to enable MIVA Direct to capitalize on opportunities presented through its recently launched customizable ALOT toolbar and homepage products. In his new role, Chris is responsible for negotiating co-branded toolbar agreements; selling sponsored homepage and toolbar widgets; and managing online ad sales across MIVA Direct’s portfolio of consumer destination sites.

Chris joins MIVA Direct from performance marketing firm, Zanox, where he worked as VP of Advertiser Sales. Prior to Zanox, Chris served as Director of National Advertiser Sales for AzoogleAds, Inc (now Epic Advertising, Inc). He has also held senior sales and business development roles for companies including Responsys, Inc. and Mediaplex, a division of ValueClick, Inc.

“We believe that the launch of our customizable ALOT toolbar and homepage products in October presents potentially significant opportunities for MIVA Direct and that Chris, with his depth of industry experience and proven track record, is the perfect candidate to help us leverage these opportunities,” commented Peter Corrao, MIVA’s President and CEO.

Added Chris Dessi: “This is an exciting time to be joining the MIVA Direct team. I believe that the ALOT brand is continuing to gain traction in the market and as its scale and reach increase, it opens up a wealth of opportunities for brand and direct response advertisers.”

http://www.alot.com

http://www.miva.com

About MIVA®, Inc.

MIVA, Inc. (NasdaqGM:MIVA – News) is a global digital media company with a mission to deliver valuable digital audiences to advertisers. MIVA has two focuses to its business: owning and operating a growing portfolio of consumer destination sites and interest-specific toolbars, through its MIVA Direct division; and running a third-party contextual Pay-Per-Click ad network focused on key vertical sectors, through its MIVA Media division. MIVA, Inc. operates across North America and Europe.

Forward-looking Statements

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as “anticipate,” “plan,” “will,” “intend,” “believe” or “expect'” or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including (1) our ability to successfully execute upon our corporate strategies, (2) our ability to attract and retain qualified key personnel, (3) our ability to develop and successfully market new products and services, and (4) the potential acceptance of new products in the market. Additional key risks are described in MIVA’s reports filed with the U.S. Securities and Exchange Commission, including the Form 10-K for fiscal 2007 and our most recently filed Form 10-Q.

®Registered trademark

 

Contact:

     MIVA Contact:
     Alex Vlasto
     (212) 736-9151
     Email Contact

Brainstorming for Alot.com Toolbar and Homepage

Today we held our first brainstorming session since I’ve been on the Miva Direct team.  It was a huge success.  I want to share three things that I think helped us stay on point, and leave the room with a great feeling of accomplishment.

1.  Goals – My colleague Sean Conrad pointed out that before we start the brainstorming process we needed to articulate the goal of the meeting.  This goal was shared with the group prior to our meeting, and I wrote it on the white board for everyone to reference during the session.

2. No interruptions – Key to our success today was respect.  Respect for the Alot.com product team, marketing team, and sales/BD teams that were all represented.  This rule again was communicated via email to the Alot.com team first, and reiterated on the white board.

3. We are greater than Me.  I’ve attempted to make it clear to the entire Miva team that we are greater together than as individuals, and once we harness this power – we’ll be ready to make some great things happen.

 

We took copious notes, and will assign cost analysis to team members.  Once that’s complete an airtight proposal will be issued to management.  This is the first step in toward truly integrating all brainpower for the Alot.com brand.  I’m fired up, and I think the team was excited as well.

Online Ads are Alive and Well

Despite our current financial crisis, US Internet ad revenue rose in the 3rd quarter of 2009 according to Yahoo Finance AP Writer Rachel Metz.

Metz goes on to say “The report from the Interactive Advertising Bureau and PricewaterhouseCoopers LLP said that online advertising revenue totaled almost $5.9 billion in the third quarter, up 11 percent from the same period last year. It marked a 2 percent rise from the second quarter.”

Seeing an increase regarding any economic activity these days is a good thing, but it’s certainly encouraging for the online world to see stories like this.  The manner in which online advertisers can performance (when a consumer clicks on ads) is a direct indicator of it’s success.  Other media doesn’t offer the ability for the advertiser to track ROI.  Online advertising is truly Direct Marketing on Steroids.

FINALLY – Good news!

F.A.S.T.

Day two at Miva, and things are going really well.   I’ve found the coffee, met most of the team in the New York office (if I haven’t met you yet, come by!), and found the men’s room (very important).  

Now it’s time to get things moving in the right direction as quickly as possible and with as little interruption of current business being conducted.  I’ve already identified a few things that need to be remedied that will help to streamline our process and assist our team as we grow the Alot.com brand and cultivate relationships with large branded advertisers like Better Homes and Gardens. 

Credit to Harvard Business Review for the acronym F.A.S.T.  I’ve taken some great points make in the last issue, and customized them some that apply to the issues we’ll be dealing with in the coming months.

Focus

Review all current processes with the team.

Accelerate

Identify operation initiatives that can be implemented in relatively quick and easy fashion – ie, road map an internal process, and formalize each step.  This will assist in stream-lining all aspects of Account Management, and assist in the implementation of additional deals.

Strengthen

Identify two to three obstacles that may have hindered the team in the past, and address each as soon as possible.  Address the steps that need to occur in order to get things running as smooth as possible in preparation for additional new business.  We’ll make sure that we can handle explosive growth.

Tie it All Together

Integrate our new streamlined process and refine as we go.  I’m communicating to the team that this will be an ongoing strategy and that I’ll need their full commitment and cooperation.  We’re already off to a great start!

MIVA News

Entry into a Material Definitive Agreement

 

Item 1.01. Entry into a Material Definitive Agreement.On November 10, 2008, MIVA, Inc. (“MIVA”) and Google, Inc. entered into an Amended and Restated Google Services Agreement (the “Google Agreement”), effective January 1, 2009, which amends and restates MIVA’s current Google Services Agreement which was set to expire on December 31, 2008. Under the Amended and Restated Google Agreement, MIVA, and its subsidiaries, have agreed to utilize Google’s WebSearch, on an exclusive basis, and AdSense Services, on a non-exclusive basis, for approved websites and applications. Approved websites and applications include websites and applications from MIVA’s subsidiary MIVA Direct, Inc. that have implemented Google WebSearch and AdSense Services under the current Google Services Agreement. Pursuant to the terms of the Amended and Restated Google Agreement, MIVA and its subsidiaries will generate revenues when consumers click through listings to Google advertisers’ websites. The Agreement has a term of two years and contains customary termination provisions.