Vidable, Inc. Sees Strong Demand for Digital Advertising as It Rolls Out Its Platform and Business Plan
BIA/Kinsey Reports that Small Businesses to Allocate 26% of Ad Budget to Digital Media Over Next 12 Months; U.S. Digital Ad Revenues to Grow from $21.B in 2011 to $38.5B in 2016
CARSON CITY, Nev., May 11, 2012 /PRNewswire/ -- Vidable, Inc. (Other OTC: VIBE.PK) (the "Company"), an online video classified company, announced today that it sees strong demand for digital advertising as it continues to roll out its platform and business plan. According to a recent report issued by BIA/Kelsey, small and medium businesses (SMBs) continue to gravitate to digital/online media, particularly to self-serve advertising and promotional tools, including video, social media and search engine marketing (SEM). According to this report, SMBs surveyed reported they plan to allocate 26 percent of their advertising budgets to digital/online media over the next 12 months. In addition, BIA/Kelsey recently released their U.S. Local Media Forecast (2011-2016) under which they announced they expect local online/interactive/digital advertising revenues to increase from $21.2 billion in 2011 to $38.5 billion in 2016.
President Lino Luciani stated, "We believe these reports reinforce our research and development for building the Vidable platform. We strive to be an all-in-one solution for SMBs where they can buy targeted digital media, upload video and have a social media presence all within our website and platform. According to BIA/Kelsey, SMBs spending for the services we offer is not only increasing in amount, but SMBs will be spending a significant portion of their advertising budgets (26%) in this medium. These are favorable trends for our platform and business plan."
About Vidable, Inc.
Vidable, Inc. is a development stage video based e-commerce marketplace company which intends to connect merchants and customers via streaming video, mobile technology and social media. Vidable is establishing a business model that will simplify the e-commerce marketplace that connects buyers and sellers. The company intends to operate a next-generation website that incorporates streaming video and mobile technology and uses various best- of-breed features. Vidable.com will be a centralized Internet portal that allows consumers to find information about various products and services through businesses and consumer posted videos on a local basis. For more information on Vidable, Inc., please visit its website at www.vidable.info.
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Contact: Mike Cribbin 775-887-0670
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