Adcore Announces Record Ad Spend Managed During November 2019; Highlighted By 58% Yoy Growth
Adcore will hold a conference call to discuss its Q3 results and 2020 plans on Thursday December 12 at 8:30 a.m. (EST)
TORONTO, ONTARIO – DECEMBER 11, 2019 – Adcore Inc. (the “Corporation” or “Adcore”)
(TSXV:ADCO), a leading provider of machine-learning powered advertising technologies used by digital
agencies and advertisers to enhance and maximize Search Engine Marketing (“SEM”), announced today a
record of ad spend managed for the month of November 2019, generated from Adcore’s direct advertisers
in all of the major territories where Adcore operates in, including North America, Europe and Australia.
During the month of November 2019, which marks the beginning of the holiday season, direct advertisers
and retail clients using the Adcore platform increased their YoY ad spend by 58%. Adcore expects that
these impressive results will lead to a record 2019 fourth quarter.
According to Adobe Analytics , a record US $9.4 billion was spent online by the end of Cyber Monday
2019, an increase of 19.7% compared to 2018. Adcore’s 58% increase in digital ad spend is x3 larger than
the reported growth for the entire industry.
Adcore’s Chief Executive Officer Omri Brill comments on the results “The record ad spend during the
month of November 2019 by Adcore’s direct advertisers is a strong signal for the entire 2019 holiday season
and a very positive indicator for the company’s fourth-quarter results.”
Mr. Brill continues “This growth in digital ad spend is supported by two underlying trends: the shift of
marketing budgets from traditional offline advertising to online advertising and the growing importance of
large sales events for the retail sector. Adcore is very fortunate to be strategically positioned in the center
of these two major trends and capitalize on both of them.”
Adcore will hold a conference call on Thursday, December 12th, 2019 at 8:30 am Eastern Time hosted
by Omri Brill, Chief Executive Officer, and Yatir Sadot, Chief Financial Officer. A question and
answer session will follow.
Adore is a leading provider of machine-learning powered advertising technologies. Adcore’s suite of
solutions empowers digital advertisers with automated solutions to enhance and maximize their Search
Engine Marketing (“SEM”). Adcore’s technologies are designed for in-house marketing professionals,
freelancers and advertising agencies to scale their SEM activity and maximize their ROI.
By combining extensive industry knowledge and experience with its proprietary artificial intelligence
(“AI”) engine, Adcore offers a unique SEM platform. In addition to being named numerous times on
Deloitte’s Fast 50 Technology list, Adcore is a certified Google Premier Partner.
Adcore serves hundreds of clients worldwide including Digital Marketing Agencies, e-Commerce
Businesses, Travel, Financial Technology, and Gaming Companies and its strength as an agile and leading
player in the industry has led to winning the largest online tender to date in Israel, a co-managed 5-year
$125 million contract with the Israel Government Advertising Agency.
Established in 2006 and majority-owned by its founder and CEO, Mr. Omri Brill, the Corporation employs
over thirty people in its headquarters in Tel Aviv, Israel and satellite offices in Melbourne, Australia,
Toronto, Ontario, and Winnipeg, Manitoba.
For more information about Adcore, please visit https://www.adcore.com/about-us/investor-relations/
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contained in this press release are based upon what management believes to be reasonable assumptions, the
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