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Adaptive Medias, Inc. (ADTM)

  • Fri, Mar. 13, 8:36 AM
    • Programmatic advertising firm Adaptive Medias (OTCQB:ADTM) has named co-founder Omar Akram its President and CFO. Akram's currently VP of product and technology.
    • Prior to helping found the company, Akram was director of product development for Tactara and senior product development manager at SpinMedia.
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  • Tue, Jan. 27, 12:53 PM
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  • Tue, Jan. 27, 9:19 AM
    • Adaptive Medias (OTCQB:ADTM) has terminated CEO Qayed Shareef and removed him as director, following his arrest last week on sexual assault and child pornography charges. Shareef could face 752 years in prison.
    • The company also named Beanstock Media CEO Jim Waltz as its acting COO. Waltz has been head of sales at DoubleClick and will retain his role at Beanstock, an ad-tech company.
    • A five-person committee will begin a search for a new CEO.
    • ADTM fell 46.4% yesterday and is down another 2.7% premarket.
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  • Nov. 19, 2014, 7:45 AM
  • Sep. 24, 2013, 11:06 AM
    • Shares of Mimvi (MIMV.OB -9.3%) fall after it signs a letter of intent to acquire online video advertising platform Ember in an all-stock transaction.  A definitive agreement is expected in Q4.
    • Ember, a start-up launched from L.A.'s StartEngine accelerator, develops machine learning algorithms and contextual and semantic engines to improve online video advertising placements. Ember has also developed a real-time bidding platform for these adverts.
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  • Sep. 19, 2013, 10:44 AM
    • Mimvi (MIMV.OB) will take on the name of its subsidiary, Adaptive Media, which it acquired in July.
    • The change reflects the mobile, video, and online advertising orientation of the new entity and is expected to become official in Q4.
    • Previous:  Mimvi subsidiary Adaptive Media reports 1H 2013 revenue
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  • Sep. 17, 2013, 10:20 AM
    • Mimvi (MIMV.OB) subsidiary Adaptive Media generated revenue of $757K from May 2012 through June 2013. Revenue during the 2012 period was $143K, climbing to $613K during 1H 2013. (PR)
    • CEO Qayed Shareef: "[W]e expect revenues to continue growing in the second half of this year and beyond ... In the two-and-a-half months since we closed the transaction with Mimvi, we’ve completed the audit, restructured the Mimvi business, eliminated a tremendous amount of legacy costs ... [W]e are actively expanding the number of partners in Adaptive Media’s Supply-Side platform, and we see some very encouraging trends on the demand side."
    • Previous: Mimvi posts Q2 EPS of -$0.04, revenue of $27k
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  • Aug. 13, 2013, 7:07 PM
    • Mimvi (MIMV.OB -6.7%), a developer of mobile search/recommendation algorithms, reports Q2 EPS of -$0.04 (-$0.01 prior year) and revenue of $27K ($0 prior year).
    • Net loss of $3.25M was mostly the result of acquisition-related expenses related to the purchase of Adaptive Media, a mobile content monetization firm.
    • New CEO Qayed Shareef, who came on-board in Q3 with the acquisition of Adaptive: "As of July 1, it's a different Mimvi, and you will see a line in the sand with respect to financial and operational performance."
    • On the possibility of dilution: "Our goal is to achieve this [financial independence] in the first half of 2014. We are mindful that all financings dilute our shareholders, and as our largest shareholder, it impacts me the most." Shareef owns 24.4% of shares outstanding.
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Company Description
Adaptive Medias, Inc. (OTCQB: ADTM) is an advertising-technology ("ad-tech") company. The Company is a programmatic audience and content monetization provider for website owners, app developers and video publishers who want to more effectively optimize content through advertising. Adaptive Media... More
Sector: Technology
Country: United States