Key Developments For Marchex, Inc.
Marchex, Inc. (MCHX.O) (Consolidated Issue listed on NASDAQ Global Market)
Yellow Pages Income Fund Partners With Marchex, Inc. To Bring Search Engine Marketing And Other Performance Based Services To Canadian Businesses
Yellow Pages Income Fund and Marchex, Inc. announced a partnership to provide simple, local online performance-based advertising products and services to Canada's small and medium-sized business (SMB) customers. Under this agreement, Yellow Pages Group (YPG) will use Marchex Connect product suite to power its performance-based advertising services. These new services include search- and call-based marketing and analytics, and are designed to drive new customers for Canadian businesses with a focus on measurable performance. The services will be in market on a national basis in January 2010.
Marchex, Inc. Announces Regular Quarterly Dividend For Common Stock
Marchex, Inc. announced that the Company's Board of Directors has declared a regular quarterly dividend in the amount of $0.02 per share on its common stock. Marchex will pay these dividends on November 16, 2009 to the holders of record as of the close of business on November 6, 2009.
Marchex, Inc. Announces Regular Quarterly Dividend For Common Stock
Marchex, Inc. announced that its Board of Directors has declared a regular quarterly dividend in the amount of $0.02 per share on its common stock. The Company will pay these dividends on August 17, 2009 to the holders of record as of the close of business on August 7, 2009.
Marchex, Inc. Issues Q2 2009 Revenue Outlook Below Analysts' Estimates-Conference Call
Marchex, Inc. announced that for the second quarter of 2009, it expects the revenue to be down from the first quarter in both revenue areas. The Company reported revenue of $26.57 million in the first quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $30 million for the second quarter of 2009.
Marchex, Inc. Increases Stock Repurchase Program
Marchex, Inc. announced that during the first quarter of 2009, Marchex increased its stock repurchase plan by two million shares to nine million shares. Additionally, the Company purchased 1.6 million shares of its outstanding Class B common stock for a total price of $5.6 million, bringing its total shares repurchased under its stock repurchase program to 7.6 million shares, or 21% of its outstanding common stock.
