Strategic Investment in Media Company
Los Altos, CA. –May 5th, 2009—Glisson Capital announces an investment in MyContextualAds.com. A new service launched early July 2009 by Zytes Technologies Inc., MyContextualAds.com enables web site owners to display contextual product links from the Amazon.com marketplace on their sites. This helps website owners or bloggers to monetize their sites higher. Site Owners make money from referral fees paid out when site visitors click on the ads and transact. The company is extending this service to include advertisers on the Commission Junction Network also.
Ever since its launch, the service has seen robust growth. MyContextualAds.com has more than 100 publishers (and the count is increasing steadily), used in 7 different countries and have started generating revenues for its publishers. New features launches are planned by the company early next month that will help their publishers make more money.
Zytes is raising a seed round to help in its marketing, product development and customer support activities. The company thanks Glisson Capital for their decision to invest at this early stage of the company. This not helps brings credibility to the company but also helps it to attract the right talent.
ABOUT GLISSON CAPITAL
Glisson Capital is a private venture capital company with global interests in technology growth markets. Glisson partners such as Glisson, Das and Bealby, have operational experience in Fortune 200 companies, and large fund management experience in the $1 billion range. Glisson Capital’s first Technology Fund was an early stage investor focused on high technology investments which ranged in size from $3 to $5 million and a firm commitment over the life of a company. Glisson’
Glisson Capital is soon to distribute stock to its shareholders from holdings in GPS mapping software-DeCarta (formerly telcontar.com)
Ms. Glisson, (former head of Eastman Kodak ‘s (NYSE:EK) Venture group and partner) believes that the strategic investment in MyContextualAds will facilitate branding and revenue generation of its key portfolio companies.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Glisson Capital’s business which is not historical facts are 'forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Private Placement Memorandum.”
