Category Page for: Miva

MIVA Direct Launches ALOT Desktop Beta

» by Otilia Otlacan December 30th, 2008 at 9:45 am » Comments (0)

New Widget Delivery Platform Extends the Reach of MIVA’s Expanding ALOT Brand NEW YORK - MIVA Direct, Inc., the toolbar, homepage and content division of digital media and advertising company, MIVA, Inc. (NASDAQ:MIVA), announced the beta release of ALOT Desktop, a free software application that enables users to display widgets directly on their computer desktops without having a browser window open. Through the new product, users can choose from a range of different ALOT widgets that they can customize and then add to their desktops. These widgets include an online radio player, news headlines, weather and celebrity gossip. It is intended that ...more »

MIVA Obtains Credit Facility for up to $10 Million

» by Otilia Otlacan November 17th, 2008 at 9:30 am » Comments (0)

Credit Line Expected to Support Expansion of ALOT Brand and Roll-Out of New MIVA Media Ad Platform NEW YORK - MIVA, Inc., (NASDAQ:MIVA), a digital advertising and media company, announced that it has entered into a credit facility for up to $10 million provided by Bridge Bank N.A., a subsidiary of Bridge Capital Holdings (NASDAQ: BBNK). America’s Growth Capital (AGC), a leading investment bank serving emerging growth companies, acted as financial advisor and sole placement agent for MIVA. The line of credit is expected to support the growth of MIVA’s expanding ALOT toolbar and homepage brand, the roll-out of the company’s new ...more »

MIVA Provides Update on Strategic Initiatives

» by Otilia Otlacan October 17th, 2008 at 9:00 am » Comments (0)

New MIVA Media Technology platform begins US beta-testing ahead of schedule Growth and improved monetization of the ALOT toolbar brand continues NEW YORK - MIVA, Inc., (NASDAQ:MIVA), a digital advertising and media company, today provided an update on the strategic initiatives across its MIVA Media and MIVA Direct divisions. “We believe it is critical in the current uncertain economic climate, that we provide our investors, customers and other key stakeholders with a clear understanding of MIVA’s progress,” said Peter Corrao, MIVA’s President and Chief Executive Officer. “Despite the challenging market conditions, we believe we are making substantial progress with our strategic initiatives. Our ...more »

MIVA Renews Private Label Pay-Per-Click Agreement with Eniro

» by Otilia Otlacan September 3rd, 2008 at 1:22 pm » Comments (1)

Two year, $1.4mm agreement to cover the Nordic region NEW YORK - MIVA, Inc., (NASDAQ:MIVA), a global digital media company, today announced the signing of a two year, €960,000 (approximately $1.4mm) Pay-Per-Click agreement with leading Nordic search and directory company, Eniro. The new agreement renews an agreement originally signed between the two companies in 2005. Under the terms of the new agreement, it is expected that Eniro will continue to utilize MIVA’s technology platform in the Nordic region to offer an Eniro branded Pay-Per-Click product to advertisers looking to reach targeted online audiences and publishers looking to generate Pay-Per-Click revenue from their ...more »

MIVA Commences E.U. Restructuring

» by Otilia Otlacan August 22nd, 2008 at 9:48 am » Comments (1)

Restructuring expected to deliver positive Adjusted EBITDA for MIVA Media E.U. in Q4 2008 NEW YORK--(BUSINESS WIRE)--MIVA, Inc., (NASDAQ:MIVA), a digital media company, today announced the commencement of a restructuring program across its MIVA Media E.U. operations. The restructuring, which is due to be completed in Q4 2008, is expected to result in consolidation of the MIVA Media E.U. operations through the closure of several existing offices and a reduction in the company’s European workforce. Under the restructuring, MIVA Media E.U. is expected to reach Adjusted EBITDA profitability in the fourth quarter of 2008. This follows Adjusted EBITDA losses in the E.U. ...more »

MIVA Board of Directors Rejects blinkx Offer, Asking for More

» by Otilia Otlacan August 12th, 2008 at 8:01 am » Comments (0)

As expected, MIVA rejected the first offer made by blinkx last week. The reason given is pretty straightforward and the MIVA people weren't shy on expressing themselves: the offer is too low. Mind you, there was no reference from the Board of Directors if the company is, indeed, for sale: that was understood. It is, but for the right price. "After careful evaluation, the MIVA Board believes that blinkx's proposal significantly undervalues MIVA's assets, including our technology, brand recognition and network," said Larry Weber, MIVA's Chairman of the Board. "We don't believe that the proposal, as currently constituted, is in the ...more »

blinkx Proposes Acquisition of Miva for $1.20 Per Share in Cash

» by Otilia Otlacan August 11th, 2008 at 9:04 am » Comments (1)

SAN FRANCISCO, CALIF. – AUGUST 8, 2008 – blinkx plc (“blinkx”) (LSE AIM: BLNX) confirms that it has delivered a letter to the Board of Directors and CEO of MIVA, Inc. (“MIVA”) (NASDAQ: MIVA) in which blinkx proposes to acquire MIVA for a cash consideration of $1.20 per share. MIVA is a Nasdaq-listed digital media company. It describes itself as having 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 ...more »

MIVA Announces Restructuring Plan

» by Otilia Otlacan June 30th, 2008 at 10:13 pm » Comments (0)

Announcement coincides with continued growth of MIVA's ALOT toolbar and homepage brand NEW YORK - June 30, 2008. MIVA, Inc., (NASDAQ:MIVA), a digital media company, announced a restructuring plan on June 23, 2008 designed to maximize efficiencies within the company, eliminate certain unprofitable operations, and better position the company for the future. Under the current restructuring plan, the company expects to reduce its active headcount by approximately 15% and anticipates winding-down its MIVA Media operation in Italy. This current restructuring plan is expected to deliver annualized savings of approximately $4 million against a one-time cost of approximately $1.4 million. more »

MIVA Media Announces U.S. and U.K. Pay-Per-Click Agreements with Greenlight Wireless

» by Otilia Otlacan March 12th, 2008 at 10:02 pm » Comments (0)

Agreements set to expand MIVA's mobile Pay-Per-Click distribution across the U.S. and U.K. NEW YORK - March 12, 2008. MIVA Media, a leading digital advertising network and a division of MIVA, Inc. (NASDAQ: MIVA), today announced U.S. and U.K. Pay-Per-Click agreements with wireless technology specialist, Greenlight Wireless. The agreements will see MIVA's Pay-Per-Click ads displayed to consumers accessing Greenlight Wireless' portfolio of U.S. and U.K. partner sites from their mobile phones. This partner network includes national news, entertainment and network operator sites that generate over 30 million mobile searches per month1. Additionally, MIVA's Pay-Per-Click ads will be displayed to mobile users who utilize ...more »