Orlando, FL, May 19, 2020 (GLOBE NEWSWIRE) -- IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier provider of influencer marketing technology, data, and services for the world’s leading brands, announced that it has significantly expanded its relationship with a Global Fortune 10 customer for influencer marketing managed services. In addition, the company has also signed a managed services contract expanding its relationship with a leading multi-billion dollar consumer packaged goods manufacturer to provide influencer marketing services. The two contracts, totaling $1 million, were signed on Monday, May 18th.
“We are thrilled to welcome back these leading global organizations with material increases in their influencer marketing budget with IZEA,” said Ted Murphy, IZEA’s Chairman and CEO. “These wins in a time of great change are a testament to our team, our technology, and our commitment to service our customers.”
“Following the World Health Organization’s declaration of a pandemic we noted rapid declines in new business bookings, with the 14-day average run rate trendline for Managed Services bookings bottoming out at the end of March,” continued Murphy. “During our Q1 earnings conference call I noted that we began to see a remarkable resurgence of managed services bookings due to the hard work and perseverance of our team.”
“In our May 14th Q1 earnings press release we shared that our 14-day average bookings trendline was then above our 14-day Pre COVID-19 average as measured from January 1, 2020 – March 15, 2020 and we were gaining momentum. We are pleased to share that the momentum has continued to build with the recent successes of our team and commitments from customers. We remain above the January 1-March 15 average trendline we previously shared and continue to be optimistic for bookings in the second quarter.”
About IZEA Worldwide, Inc.
IZEA Worldwide, Inc. (“IZEA”) operates IZEAx, the premier online marketplace that connects marketers with content creators. IZEAx automates influencer marketing and custom content development, allowing brands and agencies to scale their marketing programs. IZEA creators include celebrities and accredited journalists. Creators are compensated for producing unique content such as long and short form text, videos, photos, status updates, and illustrations for marketers or distributing such content on behalf of marketers through their personal websites, blogs, and social media channels. Marketers receive influential content and engaging, shareable stories that drive awareness. For more information about IZEA, visit https://izea.com/.
Safe Harbor Statement
All statements in this release that are not based on historical fact are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “may,” “will,” “would,” “could,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” "likely," "projects," “plans,” "pursue," "strategy" or "future," or the negative of these words or other words or expressions of similar meaning. Examples of forward-looking statements include, among others, statements we make regarding expectations concerning IZEA’s ability to increase revenue and bookings, growth or maintenance of customer relationships, and expectations concerning IZEA’s business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including, among others, the following: competitive conditions in the content and social sponsorship segment in which IZEA operates; failure to popularize one or more of the marketplace platforms of IZEA; our ability to establish effective disclosure controls and procedures and internal control over financial reporting; our ability to satisfy the requirements for continued listing of our common stock on the Nasdaq Capital Market; changing economic conditions that are less favorable than expected; and other risks and uncertainties described in IZEA’s periodic reports filed with the Securities and Exchange Commission. The forward-looking statements made in this release speak only as of the date of this release, and IZEA assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.
Martin Smith IZEA Worldwide, Inc. Phone: 407-674-6911 Email: email@example.com