Inuvo Appoints Marketing Veteran and Former CEO of Media Kitchen Barry Lowenthal as President
22 5월 2023 - 9:30PM
Inuvo, Inc. (NYSE American: INUV), provider of the first generative
artificial intelligence (AI) solution made specifically for brands
and agencies, today announced the appointment of Barry Lowenthal,
former CEO of Media Kitchen, as President.
Mr. Lowenthal brings more than three decades of
experience leading innovative marketing agencies, while delivering
growth and enhanced value for stockholders. Most recently, he
served as CEO of Media Kitchen, an award-winning full-service
communications planning and buying agency, which is a member of the
Stagwell Media Network, with offices in New York City, Minneapolis,
Toronto, Montreal, and Stockholm. Under Mr. Lowenthal’s leadership,
Media Kitchen became an industry-recognized digital media leader
with a global team of over 100 associates and hundreds of millions
of dollars in client billings. The company maintained consistent
EBITDA growth and double-digit margins. Media Kitchen merged with
MMI Agency in 2022.
Among his accomplishments, he co-founded Varick
Media Management, one of the industry’s first agency-side
programmatic trading desks. Mr. Lowenthal has also held senior
executive roles at Bartle Bogle Hegarty, a global advertising
agency; Hook Media, a startup digital media agency; Kirshenbaum
Bond & Partners, a fully integrated advertising agency; and
Grey Advertising, a global advertising and marketing agency. His
educational background includes a Master of Business
Administration, Marketing from the City University of New York,
Baruch College and a Bachelor of General Studies, Business from the
University of Maryland.
“I am thrilled to be joining the Inuvo team at
such an exciting time,” said Barry Lowenthal. “What inspired
me about the company was that it had the vision to invent and
deliver a solution to the ad industry, solving its biggest
challenge, years before anyone else even saw the problem coming.
I’m of course talking about how the cookie and other technical
methods are currently being used to access consumer information for
targeting. What amazed me about Inuvo was that it was using a
proprietary language model based on generative artificial
intelligence on par with ChatGPT and Bard to solve a cookieless
future. My knowledge of the industry and the relationships I have
forged throughout will immediately be used to accelerate Inuvo’s
growth.”
Rich Howe, Chairman and CEO of
Inuvo, commented, “Inuvo is at the right place at the right
time. It’s exceptionally rare to have a proven, disruptive
technology designed for the future of an industry. What we needed
was a recognized leader who could spearhead our organization in a
direction that unlocks the full potential of that technology.
Barry’s capabilities will be assimilated into our collective in a
manner that will make this AI-based company more successful.”
About Inuvo Inuvo®, Inc.
(NYSE American: INUV) is a market leader in Artificial Intelligence
built for advertising. Its IntentKey AI solution is a
first-of-its-kind proprietary and patented technology capable of
identifying and actioning to the reasons why consumers are
interested in products, services, or brands, not who those
consumers are. To learn more, visit www.inuvo.com.
Safe Harbor / Forward-Looking
StatementsThis press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties that may cause actual results to differ
materially, including, without limitation risks detailed from time
to time in our filings with the Securities and Exchange Commission
(the “SEC”), and represent our views only as of the date they are
made and should not be relied upon as representing our views as of
any subsequent date. You are urged to carefully review and consider
any cautionary statements and other disclosures, including the
statements made under the heading Annual Report on Form 10-K for
the fiscal year ended December 31, 2022 as filed on March 10, 2023,
our Quarterly Reports on Form 10-Q, and our other filings with the
SEC. Additionally, forward looking statements are subject to
certain risks, trends, and uncertainties including the continued
impact of Covid-19 on Inuvo’s business and operations. Inuvo cannot
provide assurances that the assumptions upon which these
forward-looking statements are based will prove to have been
correct. Should one of these risks materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those expressed or implied in any forward-looking
statements, and investors are cautioned not to place undue reliance
on these forward-looking statements, which are current only as of
this date. Inuvo does not intend to update or revise any
forward-looking statements made herein or any other forward-looking
statements as a result of new information, future events or
otherwise. Inuvo further expressly disclaims any written or oral
statements made by a fourth party regarding the subject matter of
this press release. The information, which appears on our websites
and our social media platforms is not part of this press
release.
Inuvo Company Contact:Wally RuizChief Financial
OfficerTel (501) 205-8397wallace.ruiz@inuvo.com
Investor Relations:David Waldman / Natalya
RudmanCrescendo Communications, LLCTel: (212)
671-1020inuv@crescendo-ir.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5e0b0a48-8d2b-45cf-a525-467109519be6
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