QuinStreet Announces Exclusive Partnership With All Web Leads
February 09 2016 - 4:10PM
QuinStreet, Inc. (Nasdaq:QNST), a leader in online performance
marketing services and technologies, today announced that it has
signed a 10-year partnership agreement with All Web Leads (“AWL”)
to be the exclusive provider of click product technologies and
management to AWL. AWL is the largest online customer acquisition
marketing company focused on the U.S. insurance industry and
recently acquired the Bankrate Insurance customer acquisition
business.
“We are excited about our long term, strategic
partnership with industry-pioneer QuinStreet,” said Bill Daniel,
CEO, AWL. “We believe this partnership will deliver a more
effective online experience for the consumers we engage every day,
and help our insurance clients better connect with shoppers looking
for their products. QuinStreet’s industry-leading advertising
platform is the perfect complement to AWL’s local insurance
agent-focused data and call product offerings. Our
partnership will set a new standard for scale and performance in
the insurance industry.”
“We are proud to partner with AWL and their
excellent management team,” commented Doug Valenti, QuinStreet CEO.
“Together, we bring the largest media network and broadest set of
best-in-class customer acquisition products, technologies, and
services to the insurance industry. We intend to leverage those
combined capabilities into better consumer experiences, client
results, and online channel growth.”
Conference Call Today at 1:30 p.m. PT
QuinStreet will host a conference call and corresponding live
webcast at 1:30 p.m. PT today. To access the conference call, dial
(888) 299.7209 for the U.S. and Canada or +1 (719) 325.2435 for
international callers. The webcast will be available live on the
investor relations section of the Company's website at
http://investor.quinstreet.com and via replay beginning
approximately two hours after the completion of the call until the
Company's announcement of its financial results for the next
quarter. An audio replay of the call will also be available to
investors beginning at approximately 5:00 p.m. PT on February 9,
2016 by dialing (888) 203.1112 in the U.S. and Canada or +1 (719)
457.0820 for international callers, using passcode 918969#. This
press release is also available on the investor relations
section of the Company's website at
http://investor.quinstreet.com.
Legal Notice Regarding Forward Looking
Statements
This press release and its attachments contain
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934 that involve risks and
uncertainties. Words such as "estimate", "will”, "believe",
"intend", "potential" and similar expressions are intended to
identify forward-looking statements. These forward-looking
statements include the statements in quotations from management in
this press release, as well as any statements regarding the
Company's anticipated financial results, growth and strategic and
operational plans and results of analyses on impairment charges.
The Company's actual results may differ materially from those
anticipated in these forward-looking statements. Factors that may
contribute to such differences include, but are not limited to: the
impact of changes in industry standards and government regulation
including but not limited to investigation and enforcement
activities of the Department of Education and the Federal Trade
Commission; the Company’s ability to maintain and increase client
marketing spend; the Company's ability to maintain and increase the
number of visitors to its websites and to convert those visitors
and those to its third-party publishers' websites into client
prospects in a cost-effective manner; the impact of the current
economic climate on the Company's business; the Company's ability
to access and monetize Internet users on mobile devices; the
Company's ability to attract and retain qualified executives and
employees; the Company's ability to compete effectively against
others in the online marketing and media industry both for client
budget and access to third-party media; the Company's ability to
identify and manage acquisitions; and the impact and costs of any
alleged failure by the Company to comply with government
regulations and industry standards. More information about
potential factors that could affect the Company's business and
financial results is contained in the Company's annual reports on
Form 10-K and quarterly reports on Form 10-Q as filed with the
Securities and Exchange Commission ("SEC"). Additional information
will also be set forth in the Company's quarterly report on Form
10-Q for the quarter ended December 31, 2015, which will be filed
with the SEC. The Company does not intend and undertakes no duty to
release publicly any updates or revisions to any forward-looking
statements contained herein.
About All Web Leads
AWL, and its brands All Web Leads
(www.allwebleads.com) and insuranceQuotes
(www.insuranceQuotes.com), is the premier customer acquisition
marketing company focused on the U.S. insurance industry, serving
over 30,000 insurance carriers and local agents. The company
delivers real-time, targeted, high-quality consumers to top
insurance producers. AWL’s technology-driven approach to online
marketing helps bring together agents with qualified customers who
are actively searching online for insurance products. The company's
award-winning insurance leads, calls and clicks programs lead the
industry in conversion, qualification and volume according to
recent surveys. The company is headquartered in Austin, TX.
About QuinStreet
QuinStreet, Inc. (Nasdaq:QNST) is one of the
largest Internet performance marketing and media companies in the
world. QuinStreet is committed to providing consumers and
businesses with the information they need to research, find and
select the products, services and brands that meet their needs. For
more information, please visit www.QuinStreet.com.
Investor Contact:
Erica Abrams
(415) 297-5864
eabrams@quinstreet.com
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