Agile Equity: Transactions

AdOne Aquires Franchise Solutions

Monday November 22, 9:05 am Eastern Time
Company Press Release
SOURCE: AdOne, L.L.C.

NEW YORK, Nov. 22 /PRNewswire/ -- AdOne, L.L.C., the premier Internet classifieds company, today announced its first major acquisition since the company's founding. In a move that will vault AdOne to the top of the franchise and business opportunity online advertising space, the company has acquired Franchise Solutions, the leading Internet aggregator of franchise and business opportunity advertising for top U.S. franchisors. Terms of the purchase were not disclosed.

The acquisition of privately held Franchise Solutions positions AdOne's ClassifiedWarehouse.com and its affiliate partners as major players in one of the hottest growth sectors in the Internet economy: business-to-business advertising. Franchise Solutions will be integrated into ClassifiedWarehouse.com's Business Opportunity category and will continue to rapidly expand its existing franchisor Internet advertising solutions.

`This acquisition furthers our national umbrella brand strategy and will result in increased revenue opportunities for AdOne and our affiliate media partners,'' says AdOne President and CEO Brendan M. Burns. "Over the past year, online franchise advertising has evolved from an unproven novelty to a key component of every growth-oriented franchisor's marketing plan. AdOne is now the leader in franchise and business opportunity online advertising -- an industry whose revenues are expected to double in the next year according to industry experts.''

Since 1993, Franchise Solutions has helped thousands of individuals in their quest for self-employment and business ownership. The company pioneered online franchise advertising and was the first to introduce Internet lead generation tools for franchisors. Franchise Solutions has a broad advertiser client base of top franchisors and business opportunity companies including 7-Eleven, General Nutrition Centers, Mail Boxes, Etc., and SUBWAY.

AdOne, L.L.C. is the premier Internet classifieds company. AdOne's ClassifiedWarehouse.com consumer site is the Internet's most comprehensive collection of premium classified advertising from hundreds of leading newspapers and top-brand online providers. ClassifiedWarehouse.com enables buyers and advertisers to conduct transactions in the most efficient manner possible. Through the company's Franchise Solutions division, AdOne is the leading Internet aggregator of franchise and business opportunities advertising. AdOne implements innovative marketing approaches that significantly extend the online distribution and revenue generating opportunities of classifieds for its hundreds of media partners in large, medium, and small markets. AdOne, L.L.C. is backed by Advance Publications, Belo Corp., Donrey Media Group, The E.W. Scripps Company, The Hearst Corporation, Journal Register Company, Lee Enterprises, Media General, MediaNews Group, Morris Communications Corporation, and Pulitzer, Inc. Founded in 1995, AdOne is based in New York City's Silicon Alley.