AdEx Media, Inc. Announces 2009 First Quarter Results and Provides Revenue Guidance for Its Second Fiscal Quarter

Mountain View, CA - April 1, 2009- AdEx Media, Inc. (OTCBB:ADXM), a leading performance-driven, online marketing and distribution company, today announced results for the first quarter ended March 31, 2009, and provides guidance for its second fiscal quarter ending June 30, 2009.

Today, the financial statements for the period ended March 31, 2009, were filed on Form 10-Q with the Securities and Exchange Commission. The Company reported revenues for the first quarter of 2009 of $3,493,896, a 406% increase over revenues of $690,553 from the same quarter for 2008, resulting from the Company's expanded business operations. Net loss for the quarter was $1,724,081, compared with net income of $107,665 in the same quarter for 2008. Net loss for the quarter included $178,356 in stock-based compensation and $82,049 in amortization of acquired intangible assets. A copy of the March 31, 2009 Balance Sheet and Statements of Operations for the quarters ended March 31, 2009 and 2008 are reproduced below.

The Company is providing revenue guidance for its second fiscal quarter of 2009 and anticipates such revenue to be in the range of $7 million to $9 million.

Scott Rewick, Chief Executive Officer of AdEx commented, 'We are very pleased with our strong year over year revenue growth. The continued expansion of our marketing platform and significant increase in our strategic partnerships is a validation of the strength and viability of our performance-based advertising model.'

Corporate Milestones in the first quarter of 2009 included:

  • Launched enhanced version of AdExThink(TM), a real time, proprietary data-processing and decision-making technology platform;
  • Entered into strategic partnership with a teeth-whitening product manufacturer and launched consumer product under the Easy White Labs(TM) brand; and
  • Expansion of AdEx's customer service and fulfillment capabilities.

About AdEx Media, Inc.

AdEx is an integrated Internet marketing and lead generation publisher and developer, manufacturer, and marketer of consumer products with a focus on both marketing and distributing its own products and offering advertising customers a multi-channel Internet advertising network and broader solutions for direct advertisers and agencies. AdEx's marketing platform provides a range of services including (i) search marketing; (ii) display marketing; (iii) lead generation; and (iv) affiliate marketing. AdEx currently sells its own suite of consumer products which include: (i) Overnight Genius - a comprehensive computer learning course mastering MS Windows, MS Office, eBay, and others; (ii) Rising Star Learning - a math and language arts educational product for children; (iii) Debt Snap - an audio seminar designed to help consumers manage their debt and restore credit standing; and (iv) Lucky At Love - a relationship strategy product. The company offers advertisers a compelling value proposition by offering true pay-per-performance pricing, commonly known as cost-per-action (CPA) or pay-per-action (PPA).

For more information about AdEx Media, visit http://www.AdEx.com.

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

Investor Contact:
Boutcher & Boutcher
Aimee Boutcher
(973) 239-2878