Mitsui & Co. Global Investment (MGI) - Venture Capital, Start-Up

NEWS 2008

[11/24/2008]

AdBrite Launches Cost-Per-Click Auction
for Graphical Ads

Businesses & Agencies Now Able to Receive
Simplified Monthly Billing for Mobility XE

SAN FRANCISCO, - Nov. 24—/PRNewswire/ -- AdBrite®, the Internet's Ad Marketplace™, announced today the launch of a massive cost-per-click (CPC) auction for graphical banner ads. AdBrite advertisers can now pay for graphical banner advertising in the same way they pay for search placements and text ads -- paying only when their ad is clicked. AdBrite represents more than 85,000 websites, making it second in size only to Google.

CPC auction pricing is a significant departure from traditional CPM (cost per impression) rates paid by most advertisers for graphical banner ads.

When direct-response advertisers pay per impression, they assume the full risk of impressions that may never convert into clicks or sales. In AdBrite's CPC banner auction, display advertisers pay only for clicks. This lowers advertiser risk while increasing performance.

In addition to advertiser benefits, CPC pricing rewards AdBrite's high-quality publishers by compensating them for the full benefit of their contributions to each advertiser. Many AdBrite publishers will see a significant increase in revenue.

AdBrite is the fifth-largest ad network by pageviews (ComScore, October 2008). AdBrite was recently named the #34 fastest-growing private companies in the United States, and the third-fasted growing advertising company, by Inc Magazine's annual Inc 5,000 survey.

“AdBrite is committed to our advertisers' success,” said AdBrite CEO, Ignacio Fanlo. “Allowing them to pay for performance makes sense. More than 90 million consumers visit AdBrite's sites every month, and our new CPC auction provides an effective and low-risk way for advertisers to engage them.”

About AdBrite

AdBrite is the Internet's Ad Marketplace. The company makes it easy to buy and sell advertising online, giving advertisers and publishers more transparency and control than any other ad network. With banner and text ads, as well as innovative formats like BritePic and Full Page Ad, AdBrite has created a simple and effective advertising marketplace for advertisers and publishers of all sizes. In November 2008, AdBrite ads reached 90 million unique users in the U.S. (comScore).

AdBrite was founded by Philip Kaplan and Gidon Wise in 2002 and is headquartered in San Francisco, California. AdBrite is backed by venture capital firms Sequoia Capital, DAG Ventures, and Mitsui Ventures. For more information, visit http://www.adbrite.com.

    Media Contact: Lucy Jacobs
    Phone #: 415.995.3265
    Email: lucy@adbrite.com

AdBrite, OTEx, Open Targeting Exchange and The Internet's Ad Marketplace are trademarks of AdBrite, Inc. All other trademarks used in this release are the property of their respective owners. All rights reserved.