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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