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Breakthrough Quarters, 2006 Results
Medina, Ohio-based GHI Internet Services, a leading interactive media, internet marketing and ASP software company and the Internet division to parent company Griffith Holdings, Inc. reported to its board solid first and second quarter results for 2006. Profits, earnings, revenue growth, and continued margin expansion marked the best first two quarters in the company's 7 year history capped with a run rate for annuity revenues growing at 285% from the previous year.
"GHI's Internet Division has started the year with the strongest momentum in the company's short history, posting strong operating and superior financial performance for the first and second quarters and achieving important product development milestone resulting in our Search Engine Marketing Staff delivering its 125th client engagement," said Frank Griffith, Griffith Holdings chairman and CEO.
Financial Results
GHI's revenue increased 40.2 percent compared to the previous period a year ago. Revenue trends improved as a result of strong sales within GHI's portfolio of internet marketing products, specifically Organic and PPC SEO Services, but including web application development, our email marketing system, CleanAir, and our industry-unique web maintenance service, Connecting Smarter."Revenue growth, improved product delivery systems, maturing markets and continued cost containment have driven this improvement," said Jeff Reusser, GHI President and CFO.
Internet Marketing
Growing and continued strong demand for GHI's Internet Marketing Services was the highlight for the year thus far. The company added 32 new SEO clients with significant penetration into large F500 accounts with some having as many as 80 micro sites requiring both organic and ppc marketing initiatives. Net additional growth in our Connecting Smart market amounted to an increase of 324% reflecting strong demand within our existing client base for additional product and services consumption. And finally, our opt-in email system, CleanAir, generated 21 new clients showing renewed strength in GHI's belief in and commitment to the ASP market and business model.
GHI will continue to invest in the ASP market adding additional products and services in the coming quarters like Content Management, Offsite Data Storage, and Backup and Disaster Recovery to name a few. While in the internet marketing space look forward to new services like Internet Radio, Banner Advertising, Podcasting and Vodcasting to help sustain our client's market position, Start Position, within their highly ranked keywords of choice within Google, Yahoo, MSN, and AOL.
International
GHI's investment in our African Office only three months ago is already beginning to see penetration as partner relationships build in South Africa, Ghana, and Egypt. Websites, collateral, office space, and local contracts for business and computer training continue on pace.
About Griffith Holdings
Founded in 1993, Griffith Holdings, Inc. (GHI) is a global communications firm helping more than 4,500 clients connect smarter with their markets through a customized combination of internet, marketing and telecom services.
GHI delivers this customer connection service through three business units.
GHI
Internet Services is an interactive media firm specializing in web site design, Internet marketing services, and ASP solutions.
GHI Marketing Services is a sales and marketing consulting firm specializing in go-to-market strategies for high-tech clients.
GHI Telecom Services is a telecommunications expense management firm providing voice, data, and IP networking services saving more than $16,000,000 for clients in the past 8 years.
Whether clients use the Internet, telephone, and / or traditional marketing services to reach their audiences, GHI's communications solutions connect their brands, people, products, and processes to their markets. Smarter.
For more information call 330.723.3136
or visit our family of web properties:
www.griffithholdings.com
www.ghiis.com
www.ghims.com
www.ghits.com
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