Webxu, Inc. (OTC Pink: WBXU) (PINKSHEETS: WBXU), a media company that develops branded consumer websites and acquires and integrates consumer-oriented businesses in the customer acquisition and e-commerce categories, today announced that its wholly owned subsidiary BarNone Media, Inc. ("BarNone") completed the integration of its nationwide partner affiliate network and has greatly improved its financial performance.
BarNone was founded in 1995 and has helped millions of consumers with prime and sub-prime credit ratings, purchase a quality vehicle in a conventional manner. Through its branded web properties, nationwide television advertising and its 24-hour call center, BarNone provides auto-financing offers from multiple lenders to qualified consumers.
Webxu's BarNone business has recently completed the construction and integration of its partner affiliate network representing over 3,000 auto dealers and growing. This sizeable nationwide network now provides BarNone qualified consumers with auto vehicle offers in all parts of the US. Throughout 2014, this growing network has resulted in a substantial increase in both gross profit and net profit for the BarNone operation.
Matt Hill, Webxu CEO, said, "Webxu is very excited about the progress BarNone has made since our acquisition. The combination of our technology platform, and media acquisition strategies and our commitment to service both consumers and dealer customers, has proven to be a very successful endeavor thus far. BarNone is keeping a leading pace with the market. We have recently doubled our gross profit and have been producing a consistent net profit for the overall business. We anticipate this growth to continue and we are very pleased at the rapid increase in performance."
About Webxu, Inc.
Webxu, Inc. (OTC: WBXU) is a media company that develops branded consumer websites and acquires and integrates consumer-oriented businesses in the customer acquisition and e-commerce categories. The company also provides marketing solutions for online businesses, media agencies, and marketers. Webxu was founded in 2010 and is based in Los Angeles, CA. For more information about Webxu, visit http://www.webxu.com.
BarNone was founded in 1995 for the purpose of helping the millions of prime and sub-prime consumers obtain auto financing in a conventional manner. BarNone has offices in Michigan and California and maintains a 24-hour call center for its consumers. For more information about BarNone, visit http://www.barnone.com.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Webxu, Inc. and BarNone to be materially different from the statements made herein.
SOURCE: Webxu, Inc.