Accelerize New Media, Inc. Reports Record Revenues in 2013

Accelerize New Media, Inc. Reports Record Revenues in 2013 
Company Achieves Significant Revenue Growth and Full Year of
Profitability in FY 2013 
NEWPORT BEACH, CA -- (Marketwired) -- 03/26/14 --  Accelerize New
Media, Inc. (OTCQB: ACLZ), owner and operator of CAKE, the marketing
technology company that provides a comprehensive enterprise suite of
innovative marketing intelligence tools, today announced financial
results for its fiscal year ended December 31, 2013. 
"We continue to experience increasing demand from advertisers and
publishers for our software-as-a-Service (SaaS) multi-channel
marketing intelligence platform. That combined with international
expansion and our healthy recurring revenue business model enabled
Accelerize to achieve its second full year of profitability. Revenue
growth of 66% year over year fueled further investments in sales and
marketing while Accelerize maintained profitability," said Accelerize
New Media, Inc. Chairman and CEO Brian Ross. "Given the growing
number of new enterprise clients and expanded adoption of our suite
of products among existing clients, we fully expect this momentum to
continue through 2014 as we scale our business both domestically and
internationally." 
"Our powerful multi-channel enterprise solution has become the
industry standard for ad networks, publishers, brands and agencies to
measurably improve and optimize their digital spend. That adoption
translates to over 400 customers that are driving over two billion
consumer actions every month through the CAKE enterprise platform,"
said Mr. Ross. "Today, advertisers demand a measurable return on
investment for their marketing initiatives. We are confident that our
sales, marketing and R&D investments will result in ongoing and
significant market share gains as the industry embraces
performance-based marketing intelligence. " 
Financial Highlights for FY 2013 


 
--  Revenues: Total revenue increased 66% to $9,653,865 from $5,800,622
    year over year, driven organically by a 55% increase in the average
    number of clients and a 25% increase in the average revenue per
    client. We expect future revenues to be driven by ongoing organic
    growth, international expansion, as well as increased sales and
    marketing efforts.
--  Operating Income: Operating income (loss) was $(184,637), compared to
    an operating income of $380,937 for 2012, due to higher revenues and
    contained expenses. We plan to continue managing our costs and scaling
    revenues to improve operating margins.
--  Net Income: Net income was $93,776, compared to an income of $492,948,
    during the prior year period, due to expenses related to product
    innovation, international expansion, and increased sales and marketing
    investments that grew faster than revenue.
--  Cash Flow: Cash provided by operations increased to $749,195 compared
    to a cash increase of $166,059 a year ago. Approximately $1,425,215
    was invested in research and development. We increased our
    expenditures to support our additional customers and the scope of our
    activities, which increased our total operating expenses from
    $5,419,685 in 2012 to $9,838,502 in 2013. Free cash flow, which
    amounts to cash flows from operations less capital expenditures,
    totaled $(31,756) for 2013.

  
About Accelerize New Media, Inc. 
Accelerize New Media, Inc. (OTCQB: ACLZ) owns and operates CAKE, a
marketing technology company providing a comprehensive enterprise
suite of innovative marketing intelligence tools for the performance
marketing industry. The CAKE SaaS proprietary marketing platforms are
used by the world's leading companies and the world's largest
customer-base of enterprise affiliate marketing networks and
merchants. CAKE's solutions are based on reliable, feature rich
technology and are bolstered by the industry's leading customer
service and top-tier technology partners -- assuring the highest
level of uptime. The company has also now launched cupCAKE, a
campaign management solution for small and medium sized affiliate
marketers.  
Use of Forward-looking Statements 
This press release may contain forward-looking statements from
Accelerize New Media, Inc. within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995
and federal securities laws. For example, when we say that we expect
momentum to continue through 2014 and future revenues to be driven by
ongoing organic growth, international expansion and increased sales
and marketing efforts, that our sales, marketing and R&D investments
will result in ongoing and significant market share gains, that we
plan to continue managing our costs and scaling revenues to improve
operating margins and that CAKE enables marketers to measurably
improve and optimize digital spend, we are using forward-looking
statements. These forward-looking statements are based on the current
expectations of the management of Accelerize New Media only, and are
subject to a number of factors and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. The following factors, among others,
could cause actual results to differ materially from those described
in the forward-looking statements: changes in technology and market
requirements; our technology may not be validated as we progress
further; we may be unable to retain or attract key employees whose
knowledge is essential to the development of our products and
services; unforeseen market and technological difficulties may
develop with our products and services; inability to timely develop
and introduce new technologies, products and applications; loss of
market share and pressure on pricing resulting from competition,
which could cause the actual results or performance of Accelerize New
Media to differ materially from those contemplated in such
forward-looking statements. Except as otherwise required by law,
Accelerize New Media undertakes no obligation to publicly release any
revisions to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. For a more detailed description of the risk and
uncertainties affecting Accelerize New Media, reference is made to
Accelerize New Media's reports filed from time to time with the
Securities and Exchange Commission. 


 
                                                                            
                                                                            
                         ACCELERIZE NEW MEDIA, INC.                         
                    CONDENSED CONSOLIDATED BALANCE SHEETS                   
                                                                            
                                                  December 31,  December 31,
                     ASSETS                           2013          2012    
                                                 ------------- -------------
                                                      (1)           (1)     
Current Assets:                                                             
  Cash                                           $   1,157,315 $     231,926
  Accounts receivable, net                           1,041,671       673,818
  Other assets                                          85,026        42,783
                                                 ------------- -------------
    Total current assets                             2,284,012       948,527
                                                                            
  Property and equipment, net                          756,696        52,297
  Intangible asset, net                                962,963             -
  Note receivable, net                                       -        88,000
                                                 ------------- -------------
    Total assets                                 $   4,003,671 $   1,088,824
                                                 ============= =============
                                                                            
      LIABILITIES AND STOCKHOLDERS' EQUITY                                  
                                                                            
Current Liabilities:                                                        
  Accounts payable and accrued expenses          $   1,703,007 $     284,526
  Deferred revenues                                     83,311        24,616
  Convertible notes payable and notes payable                -       299,325
                                                 ------------- -------------
    Total current liabilities                        1,786,318       608,467
                                                                            
    Total stockholders' equity                       2,217,353       480,357
                                                 ------------- -------------
                                                                            
    Total liabilities and stockholders' equity   $   4,003,671 $   1,088,824
                                                 ============= =============
                                                                            
(1) Derived from audited financial statements                               
                                                                            
                                                                            
                                                                            
                         ACCELERIZE NEW MEDIA, INC.                         
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS               
                                                                            
                                                        Year ended          
                                                       December 31,         
                                               ---------------------------- 
                                                    2013           2012     
                                               -------------  ------------- 
                                                    (1)            (1)      
                                                                            
Revenues:                                      $   9,653,865  $   5,800,622 
                                                                            
Operating expenses:                                                         
  Cost of revenue                                  2,063,481      1,069,574 
  Research and development                         1,425,215        933,034 
  Sales and Marketing                              3,829,175      2,109,833 
  General and administrative                       2,520,631      1,307,244 
                                               -------------  ------------- 
    Total operating expenses                       9,838,502      5,419,685 
                                               -------------  ------------- 
                                                                            
  Operating income                                  (184,637)       380,937 
                                                                            
Other expenses                                       (25,124)      (165,822)
                                               -------------  ------------- 
                                                                            
Income (loss) from continuing operations            (209,761)       215,115 
                                                                            
Income from discontinued operations, net             303,537        277,833 
                                               -------------  ------------- 
                                                                            
Net income                                            93,776        492,948 
                                                                            
Less dividends series A and B preferred stock              -        (83,231)
                                               -------------  ------------- 
                                                                            
Net income attributable to common stock        $      93,776  $     409,717 
                                               =============  ============= 
                                                                            
Earnings per share:                                                         
Basic                                                                       
  Continuing operations                        $       (0.00) $        0.00 
  Discontinued operations                      $        0.01  $        0.01 
                                               -------------  ------------- 
  Net income (loss) per share                  $        0.00  $        0.01 
                                               =============  ============= 
                                                                            
Diluted                                                                     
  Continuing operations                        $       (0.00) $        0.00 
  Discontinued operations                      $        0.00  $        0.00 
                                               -------------  ------------- 
  Net income (loss) per share                  $        0.00  $        0.01 
                                               =============  ============= 
                                                                            
                                                                            
Basic weighted average common shares                                        
 outstanding                                      57,022,279     52,439,242 
                                               =============  ============= 
Diluted weighted average common shares                                      
 outstanding                                      73,475,411     59,467,356 
                                               =============  ============= 
                                                                            
(1) Derived from audited financial statements                               
                                                                            
                                                                            
                                                                            
                         ACCELERIZE NEW MEDIA, INC.                         
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS               
                                                                            
                                                        Year Ended          
                                                       December 31,         
                                               ---------------------------- 
                                                    2013           2012     
                                               -------------  ------------- 
                                                    (1)            (1)      
Cash flows from operating activities:                                       
Net income                                     $      93,776  $     492,948 
Discontinued operations                             (283,648)      (279,696)
  Adjustments to reconcile net income to net                                
   cash provided by operating activities:            914,728        453,326 
  Changes in operating assets and liabilities:        24,342       (500,519)
                                               -------------  ------------- 
Net cash provided by operating activities            749,198        166,059 
                                               -------------  ------------- 
                                                                            
Net cash (used in) provided by investing                                    
 activities                                         (643,775)       200,230 
                                               -------------  ------------- 
                                                                            
Cash flows provided by (used in) financing                                  
 activities:                                                                
  Principal repayments on notes payable             (266,180)      (365,000)
  Proceeds from exercise of warrants and                                    
   options                                         1,086,146        125,887 
                                               -------------  ------------- 
                                                                            
Net cash provided by (used in) financing                                    
 activities                                          819,966       (239,113)
                                               -------------  ------------- 
                                                                            
  Net increase in cash                               925,389        127,176 
                                                                            
Cash, beginning of year                              231,926        104,750 
                                               -------------  ------------- 
                                                                            
Cash, end of year                              $   1,157,315  $     231,926 
                                               =============  ============= 
                                                                            
(1) Derived from audited financial statements                               

  
Media Contact
Jill Hara
PR@getCAKE.com
(949) 548-2253 x 257 
Investor Contact
Brian Ross
Chairman & CEO 
(310) 710-0578
brian@accelerize.com
www.accelerizenewmedia.com 
 
 
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