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Bright Mountain and consumr.ai Announce Strategic Partnership to Advance AI-Driven Research and Media IntelligenceBright...
06/27/2025

Bright Mountain and consumr.ai Announce Strategic Partnership to Advance AI-Driven Research and Media Intelligence
Bright Mountain’s consumer insights and analytics company, Big Village, now offers consumr.ai-powered AI twins that interact with consumer cohorts in real time.

Boca Raton, FL, June 26, 2025 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (Bright Mountain/OTCQB: BMTM), a marketing services platform company that empowers brands, agencies and publishers to go further, faster, announced that Big Village, a leading provider of consumer insights and analytics, and consumr.ai, the premier AI twin and intelligence platform, have entered into a strategic alliance to revolutionize how organizations access and act on consumer understanding. This partnership equally leverages Big Village’s research excellence and consumr.ai’s cutting-edge AI technology, creating a seamless bridge between deep consumer insights and real-time, behavior-based digital personas.

The result is that Big Village can now provide clients with a novel AI twin solution to interact with virtual consumer cohorts in real time.

The partnership fuses Big Village’s renowned research with consumr.ai’s proprietary platform and AI twin technology, to both parties’ benefit. For the first time, millions of consumers can be accurately portrayed by individually interactable personas that can tell you exactly how best to reach them or what they want to see from your products in real-time.

The dynamic, privacy-safe AI twins are built from observed, deterministic, cohort-driven media footprints that remove both sampling and guesswork. By integrating this technology with Big Village’s proven methodologies in audience segmentation, the alliance with consumer.ai offers accelerated, agile research cycles and actionable, persona-driven strategies.

“This new service reinforces our commitment to helping marketing professionals reduce waste by better connecting the historically fragmented stages of their workflow,” said Andy Davidson, Bright Mountain’s Chief Data and Analytics Officer and Managing Director of Big Village. "It’s a unique opportunity for our clients to test campaigns and product features with a virtual audience that has been built using the unique traits and characteristics identified through our research – and then brought to life using consumr.ai’s groundbreaking technology.”

Simultaneously, consumr.ai enhances its platform with Big Village’s rigorous segment insights. “Primary and secondary research cannot continue to be in siloes. It’s critical that marketers get a single comprehensive view. We need quantitative to feel more like primary research, while leveraging the innate scaled observed of secondary research,” says Gautam Mehra, CEO and Co-founder of consumr.ai and creator of the technology.

“What I am most excited by is the coming together of millions of digital signals and primary research data to create a single fused view for brands,” he adds.

This is the vision both companies in the alliance share as they chart a path forward for the research industry.

About Bright Mountain Media and Big Village

Bright Mountain Media (Bright Mountain) is the #1 integrated marketing services platform for brands, agencies and publishers who depend on continuous connections with their omnichannel customers to go further faster. Bright Mountain is always open, connected and committed to giving our clients flexible access to the AI, insights and services they need to know and grow. www.brightmountainmedia.com.

Big Village is a research and analytics business that helps brands and agencies to better understand customer behavior, intentions, and attitudes to drive effective marketing and innovation. We provide fast-track learning and human-led decision support to help brands genuinely commit to knowing their customers and succeed. With over 80 years of experience in delivering high-quality data and insights, we design, build, and manage consumer insights projects and programs that enable always-on learning and generate growth for brands. For more information, visit www.big-village.com.

About consumr.ai
consumr.ai is a cutting-edge consumer intelligence platform that converts observed digital behaviors (extracted from social platforms such as Meta, TikTok, Pinterest, Snapchat, LinkedIn as well as e-Commerce platforms such as Amazon, Walmart and search platforms such as Google and Bing) into actionable intelligence for research, strategy, and media. Built on ethical, privacy-first data practices, consumr.ai helps brands stay ahead of consumer needs through continuously updated insights from the real world.



Contact / Investor Relations:
Douglas Baker
Email: [email protected]
Tel: (561) 807-6350
https://otcprgroup.com

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Source: Bright Mountain Media, Inc.
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Bright Mountain Media, Inc Announces First Quarter 2025 Financial ResultsFirst quarter revenue increased 14% to $14.2 mi...
05/13/2025

Bright Mountain Media, Inc Announces First Quarter 2025 Financial Results

First quarter revenue increased 14% to $14.2 million compared to the first quarter of 2024.

First quarter gross margin increased 36% to $4.3 million compared to the first quarter of 2024.

Boca Raton, FL, May 12, 2025 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the “Company”), a global holding company with current investments in digital publishing, advertising technology, consumer insights, creative services, and media services, today announced its financial results for the first quarter ended March 31, 2025.

Matt Drinkwater, the CEO of Bright Mountain Media, announced continued financial momentum in the first quarter of the year, highlighting solid gains across key performance metrics.

"We are very pleased with our strong and steady financial performance", said Drinkwater. "In Q1, revenue grew by 14% year-over-year, while gross margin increased by 36%, demonstrating meaningful operational leverage and strategic ex*****on."

The Company attributes the increase in revenue primarily to the strong performance of its advertising technology division. "Our ad tech team has done an exceptional job leveraging our platform to attract high-value advertisers," added Drinkwater. "By onboarding premium publishers and optimizing inventory quality, we've seen increases in both volume and effective rates, driving substantial revenue growth."

Financial Results for the Three Months Ended March 31, 2025

Revenue was $14.2 million, an increase of $1.7 million, or 14%, compared to $12.4 million for the same period of 2024. The increase in revenue was primarily from our advertising technology division, and was driven by our ability to leverage our resources to attract top advertisers, which in turn allowed us to onboard premium publishers. This led to an increase in volume, as well as rates and overall revenue. The increase was partially offset by a decline in revenue from our creative services division, which was primarily due to a decrease in the number of projects for small tier revenue customers.
Advertising technology revenue was approximately $4.2 million, digital publishing revenue was approximately $583,000, consumer insights revenue was approximately $7.0 million, creative services revenue was approximately $1.5 million, and media services revenue was approximately $841,000 during the first quarter of 2025.

Cost of revenue was $9.9 million, an increase of $607,000, or 7%, compared to $9.3 million for the same period in 2024. Cost of revenue is inclusive of: direct salary and labor costs of approximately $1.8 million for employees that work directly on customer projects; direct project costs of approximately $3.6 million for payments made to third-parties that are directly attributable to the completion of projects to allow for revenue recognition, non-direct project costs of approximately $1.0 million, publisher costs of approximately $3.0 million, and sales commissions of approximately $259,000.
General and administrative expense was $4.5 million, a decrease of 14%, compared to $5.2 million in the same period of 2024.
Gross margin was $4.3 million, an increase of 36%, compared to $3.1 million in the same period of 2024.
Net loss was $3.2 million, a decrease of 32%, compared to a $4.8 million net loss in the same period of 2024.
Adjusted EBITDA was $816,000, an increase of 173%, compared to Adjusted EBITDA loss of $1.1 million in the same period of 2024. See the below section on Non-GAAP Financial Measure for a reconciliation of net loss to EBITDA and Adjusted EBITDA.
About Bright Mountain Media

Bright Mountain Media, Inc. (OTCQB: BMTM) unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof—fused together by data-driven insights. Bright Mountain Media’s subsidiaries include Deep Focus Agency, LLC, MediaHouse, Inc., BV Insights, LLC, CL Media Holdings, LLC, and Bright Mountain, LLC d/b/a BrightStream. For more Information, please visit www.brightmountainmedia.com.

Forward-Looking Statements for Bright Mountain Media, Inc.

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes,” and similar words. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to successfully integrate acquisitions, and the realization of any expected benefits from such acquisitions. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Bright Mountain Media, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2024 and our other filings with the SEC. Bright Mountain Media, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law.


Contact / Investor Relations:
Douglas Baker
Email: [email protected]
Tel: (561) 807-6350
https://otcprgroup.com

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Bright Mountain Media, Inc Announces First Quarter 2025 Financial Results

Bright Mountain Media, Inc Announces Fourth Quarter and Full-Year 2024 Financial ResultsFourth quarter revenue increased...
03/11/2025

Bright Mountain Media, Inc Announces Fourth Quarter and Full-Year 2024 Financial Results

Fourth quarter revenue increased 13% to $17.1 million compared to the fourth quarter of 2023.
Fourth quarter gross margin increased 1% to $5.5 million compared to the fourth quarter of 2023.
Full-year 2024 revenue increased 27% to $56.7 million, compared to the full-year of 2023.
Full-year 2024 gross margin increased 29% to $16.5 million, compared to the full-year of 2023.

Boca Raton, FL, March 10, 2025 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the “Company”), a global holding company with current investments in digital publishing, advertising technology, consumer insights, creative services, and media services, today announced its financial results for the fourth quarter and year ended December 31, 2024.

Matt Drinkwater, the CEO of Bright Mountain Media, is thrilled to share news of our ongoing financial success. He commented, "We are delighted with our steady financial performance. In the fourth quarter, our revenue rose by 13%, and for the entirety of 2024, we saw a revenue increase of 27%, reaching $56.7 million. Additionally, our gross margin for the year climbed 29% to $16.5 million compared to last year.

We are actively leveraging the strong synergies from our previous acquisitions while focusing on launching innovative products and services, and are striving to achieve our ambitious goal of creating a fully integrated marketing services platform."

Financial Results for the Three Months Ended December 31, 2024

Revenue was $17.1 million, an increase of $2.0 million, or 13%, compared to $15.1 million for the same period of 2023. The increase in revenue was primarily from our advertising technology division, and was driven by our ability to leverage our resources to attract top advertisers, which in turn allowed us to onboard premium publishers. This led to an increase in volume, as well as rates and overall revenue. The increase was partially offset by a decline in revenue from our digital publishing division, which was significantly impacted by macroeconomic factors, which reduced traffic to our website, coupled with an overall reduction in spending by some customers related to inflationary concerns.
Advertising technology revenue was approximately $7.6 million, digital publishing revenue was approximately $265,000, consumer insights revenue was approximately $6.9 million, creative services revenue was approximately $1.7 million, and media services revenue was approximately $626,000 during the fourth quarter of 2024.

Cost of revenue was $11.6 million, an increase of $1.9 million, or 19%, compared to $9.7 million for the same period in 2023. Cost of revenue is inclusive of: direct salary and labor costs of approximately $1.9 million for employees that work directly on customer projects; direct project costs of approximately $2.5 million for payments made to third-parties that are directly attributable to the completion of projects to allow for revenue recognition, non-direct project costs of approximately $1.2 million, publisher costs of approximately $5.3 million, and sales commissions of approximately $496,000.
General and administrative expense was $6.4 million, a decrease of 16%, compared to $7.6 million in the same period of 2023.
Gross margin was $5.5 million, an increase of 1%, compared to $5.4 million in the same period of 2023.
Net loss was $3.8 million, a decrease of 36%, compared to a $5.9 million net loss in the same period of 2023.
Adjusted EBITDA was $2.0 million compared to Adjusted EBITDA loss of $616,000 in the same period of 2023. See the below section on Non-GAAP Financial Measure for a reconciliation of net loss to EBITDA and Adjusted EBITDA.
Financial Results for the Year Ended December 31, 2024

Revenue was $56.7 million, an increase of $12.1 million or 27%, compared to $44.5 million for the same period of 2023. For the year ended December 31, 2024, revenue includes $36.5 million which represents the impact of the Big Village Acquisition, which was completed in April 2023. This compares to $31.0 million for the same period in 2023. As a result, the acquisition contributed to revenue for nine months of the prior period and for the full twelve months of the current period, and is the main driver of the increase in revenue for the year ended December 31, 2024.
Advertising technology revenue was approximately $18.4 million, digital publishing revenue was approximately $1.7 million, consumer insights revenue was approximately $27.0 million, creative services revenue was approximately $7.1 million, and media services revenue was approximately $2.4 million during 2024.

Cost of revenue was $40.2 million, an increase of $8.5 million, or 27%, compared to $31.8 million for the same period in 2023. For the year ended December 31, 2024, cost of revenue includes $25.9 million which represents the impact of the Big Village Acquisition, which was completed in April 2023. This compares to $24.0 million for the same period in 2023. As a result, the acquisition contributed to cost of revenue for nine months of the prior period and for the full twelve months of the current period, and is the main driver of the increase in cost of revenue for the year ended December 31, 2024.
Cost of revenue is inclusive of: direct salary and labor costs of approximately $7.6 million for employees that work directly on customer projects; direct project costs of approximately $11.7 million for payments made to third-parties that are directly attributable to the completion of projects to allow for revenue recognition, non-direct project costs of approximately $6.6 million, publisher costs of approximately $12.4 million, and sales commissions of approximately $1.2 million.
General and administrative expense was $21.4 million, a decrease of 5%, compared to $22.5 million in the same period of 2023.
The Company performed an assessment of its goodwill and intangibles for the Ad Network, Owned & Operated, and Insights reporting units for the years ended December 31, 2024 and 2023. The assessment of 2023 indicated that the carrying value was in excess of the implied fair value for the Ad Network and Owned & Operated reporting units, resulting in an impairment charge of $14.1 million and $2.9 million for goodwill and intangibles, respectively. There was no such charge for the same period in 2024.
Gross margin was $16.5 million, an increase of 29%, compared to $12.8 million in the same period of 2023.
Net loss was $17.0 million, a decrease of 52%, compared to a $35.6 million net loss in the same period of 2023.
Adjusted EBITDA was $790,000 compared to Adjusted EBITDA loss of $3.9 million in the same period of 2023. See the below section on Non-GAAP Financial Measure for a reconciliation of net loss to EBITDA and Adjusted EBITDA.
About Bright Mountain Media

Bright Mountain Media, Inc. (OTCQB: BMTM) unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof—fused together by data-driven insights. Bright Mountain Media’s subsidiaries include Deep Focus Agency, LLC, BV Insights, LLC, CL Media Holdings, LLC, and Bright Mountain, LLC d/b/a BrightStream. For more Information, please visit www.brightmountainmedia.com.

Forward-Looking Statements for Bright Mountain Media, Inc.

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes,” and similar words. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to successfully integrate acquisitions, and the realization of any expected benefits from such acquisitions. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Bright Mountain Media, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2024 and our other filings with the SEC. Bright Mountain Media, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law.

Contact / Investor Relations:
Douglas Baker
Email:[email protected]
Tel: (561) 807-6350
https://otcprgroup.com
Read more and disclaimer:
https://smallcapstockpick.com/bright-mountain-media-inc-announces-fourth-quarter-and-full-year-2024-financial-results/

Bright Mountain Media, Inc Announces Third Quarter 2024 Financial ResultsThird quarter revenue decreased to $14.2 millio...
11/13/2024

Bright Mountain Media, Inc Announces Third Quarter 2024 Financial Results

Third quarter revenue decreased to $14.2 million compared to $15.3 million for the third quarter of 2023.

Year to date revenue increased by $10.2 million to $39.6 million compared to $29.4 million for the same period of 2023.

Boca Raton, FL, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the “Company”), a global marketing service platform with capabilities in digital publishing, advertising technology, consumer insights, creative and media services, today announced its financial results for the third quarter and nine months ended September 30, 2024.

Matt Drinkwater, CEO of Bright Mountain Media, is excited to report our continued financial progress and addition of industry veteran Board Members this past quarter. He states, "We are pleased with our continued positive financial performance focused on our bottom-line. Our third quarter net loss was $3.3 million, a decrease of 84%, compared to a $19.8 million net loss in the same period of 2023, and our Adjusted EBITDA of $804,000 represented an increase of $521,000 from $283,000 during the same period of 2023. Our current focus of maximizing synergies from prior acquisitions, launching innovative products and services, and advancing our vision of becoming an end-to-end marketing services platform is showing up in our financials. We are also proud that we can recruit distinguished industry leaders who will bring significant strategic guidance and unique perspective. We are eager to leverage their collective experience to propel our mission forward."


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https://smallcapnewsalert.com/bright-mountain-media-inc-announces-third-quarter-2024-financial-results/

Bright Mountain Media Third Quarter 2024 Financial Results.Year to date revenue increased by $10.2 million to $39.6 million compared to $29.4 million for the same period of 2023.

Sangamo Therapeutics, Inc. (Nasdaq: SGMO), a genomic medicine company, announced today that the company has scheduled th...
11/07/2024

Sangamo Therapeutics, Inc. (Nasdaq: SGMO), a genomic medicine company, announced today that the company has scheduled the release of its third quarter 2024 financial results after the market close on Tuesday, November 12, 2024.


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https://smallcapnewsalert.com/sangamo-therapeutics-announces-alignment-with-fda-on-accelerated-approval-pathway-for-st-920-in-fabry-disease-with-bla-submission-expected-in-2025/

Sangamo Therapeutics Announces Alignment With FDA on Accelerated Approval Pathway for ST-920 in Fabry Disease With BLA Submission Expected in 2025

Telesis Bio (TBIO) and Beckman Coulter Life Sciences Collaborate to Revolutionize DNA and mRNA SynthesisInnovation Deliv...
09/26/2024

Telesis Bio (TBIO) and Beckman Coulter Life Sciences Collaborate to Revolutionize DNA and mRNA Synthesis

Innovation Delivers High-Fidelity, Scalable, Non-Toxic On-Premises Biofoundry Capabilities


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https://pennystockplay.com/telesis-bio-and-beckman-coulter-life-sciences-collaborate-to-revolutionize-dna-and-mrna-synthesis/

Telesis Bio and Beckman Coulter Life Sciences Collaborate to Revolutionize DNA and mRNA Synthesis. Innovation Delivers High-Fidelity, Scalable, Non-Toxic On-Premises Biofoundry Capabilities

Bright Mountain Media (OTCQB: BMTM) Announces Appointment of AdTech Veteran Tom Triscari as Director and Compensation Co...
09/17/2024

Bright Mountain Media (OTCQB: BMTM) Announces Appointment of AdTech Veteran Tom Triscari as Director and Compensation Committee Chair

Boca Raton, FL, September 17, 2024 (GLOBE NEWSWIRE) -- Bright Mountain Media, Inc. (OTCQB: BMTM) ("Bright Mountain" or the "Company"), a global marketing services platform with current investments in digital publishing, advertising technology, consumer insights, and creative and media services, announced via a FORM-31 on August 20, 2024, the appointment of Thomas Triscari to the Board of Directors and as Chair of the Compensation Committee.

With a distinguished career in the AdTech and digital media industries, Thomas Triscari brings a wealth of experience to Bright Mountain Media. Currently a Senior Advisor at Landmark Ventures, Triscari is instrumental in developing a premier M&A advisory practice within the AdTech and Media sectors. He is also the Founder of the Forensic AdTech Collaborative Thinktank (FACT), an initiative to pioneer new standards in the industry.

Triscari's extensive advisory and non-executive board roles include positions at WasteNot, Br1dge, Adfidence, and Compliant. He serves as a Non-Executive Board Member at Adslot and has made significant contributions as the Founder of the Quo Vadis Newsletter, a widely respected resource in AdTech.

Previously, Triscari has held influential roles at Yahoo! EMEA, where he participated in sales operations, planning, and strategy. His expertise was further demonstrated at Criteo, where he served as Director of Publisher Marketplace & Business Intelligence. As an entrepreneur, Triscari founded Labmatik, a consultancy specializing in programmatic advertising, and led Yieldr, a Demand-side Platform (DSP), as CEO.

Thomas Triscari, commented, "I am thrilled to join Bright Mountain Media as a Director," said Triscari. "The company's innovative approach to digital marketing and commitment to excellence aligns perfectly with my professional values and goals. I look forward to contributing to Bright Mountain Media's continued success and growth in the dynamic marketing landscape."

Matt Drinkwater, Chief Executive Officer of Bright Mountain Media, commented, "We are delighted to welcome Tom to our Board of Directors. Tom's extensive experience and deep understanding of the AdTech and media industries will be invaluable as we navigate the evolving marketplace. His strategic insights and industry expertise will significantly enhance our governance and drive our mission forward."

About Bright Mountain Media, Inc.

Bright Mountain unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof—fused together by data-driven insights. Bright Mountain's brands include Big Village, Deep Focus, Wild Sky Media, and BrightStream. For more information, please visit www.brightmountainmedia.com.

Forward-Looking Statements for Bright Mountain Media, Inc.

This press release contains certain forward-looking statements that are based on current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes," and similar words. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to successfully integrate acquisitions, and the realization of any expected benefits from such acquisitions. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" in Bright Mountain’s Annual Report on Form 10-K for the year ended December 31, 2023 and our other filings with the SEC. Bright Mountain does not undertake any duty to update any forward-looking statements except as may be required by law.

Contact / Investor Relations: Douglas Baker at [email protected]



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https://pennystockplay.com/bright-mountain-media-otcqb-bmtm-announces-appointment-of-adtech-veteran-tom-triscari-as-director-and-compensation-committee-chair/

Bright Mountain Media (OTCQB: BMTM) Announces Appointment of AdTech Veteran Tom Triscari as Director and Compensation Committee Chair

Bright Mountain Media Appoints Industry Veteran Joe Pergola as Director and Audit Committee ChairBoca Raton, FL, Sept. 1...
09/10/2024

Bright Mountain Media Appoints Industry Veteran Joe Pergola as Director and Audit Committee Chair

Boca Raton, FL, Sept. 10, 2024 (GLOBE NEWSWIRE) — Bright Mountain Media, Inc. (OTCQB: BMTM) (“Bright Mountain” or the “Company”), a global marketing services platform with current investments in digital publishing, advertising technology, consumer insights, and creative and media services, announced via a FORM-31 on August 16, 2024, the appointment of Joe Pergola to the Board of Directors and as Chair of the Audit Committee.

Joe Pergola brings a wealth of experience to our team as the Chief Financial Officer of Truckstop, a leading digital marketplace for freight. With over 25 years in the industry, Joe has a distinguished track record of leading and transforming finance, accounting, mergers and acquisitions, corporate development, business and sales operations, and real estate for multiple Fortune 500 Media and Ad Tech companies. His impressive career includes key roles at Amazon, Criteo, The Weather Company, Yahoo, and Time Warner. Notably, as CFO of Integral Ad Science, Joe played a crucial role in the company’s successful IPO in 2021, which valued the company at $3.8 billion.

In his new role, Joe expressed his enthusiasm, stating, “I am honored to join the Bright Mountain Media Board of Directors. Matt continues to build a best-in-class team that has effectively integrated two companies, creating a unique value proposition for marketers. I look forward to collaborating with Matt, the Board, and the rest of the Bright Mountain Media leadership team to provide strategic direction, accelerate growth, and enhance shareholder value.”

Matt Drinkwater, Chief Executive Officer of Bright Mountain Media, commented, “Joe is an accomplished finance leader with a proven track record of driving revenue and profitability at scale. His financial expertise and hands-on operational experience with leading technology and digital media companies will be invaluable as we guide Bright Mountain Media through its next growth stage.”

About Bright Mountain Media, Inc.

Bright Mountain unites a diverse portfolio of companies to deliver a full spectrum of advertising, marketing, technology, and media services under one roof—fused together by data-driven insights. Bright Mountain’s brands include Big Village, Deep Focus, Wild Sky Media, and BrightStream. For more information, please visit www.brightmountainmedia.com.

Forward-Looking Statements for Bright Mountain Media, Inc.

This press release contains certain forward-looking statements that are based on current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes,” and similar words. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to successfully integrate acquisitions, and the realization of any expected benefits from such acquisitions. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Bright Mountain’s Annual Report on Form 10-K for the year ended December 31, 2023 and our other filings with the SEC. Bright Mountain does not undertake any duty to update any forward-looking statements except as may be required by law.


Contact / Investor Relations:
Douglas Baker at [email protected]
561-807-6350

https://otcprgroup.com

https://smallcapstockpick.com/bright-mountain-media-appoints-industry-veteran-joe-pergola-as-director-and-audit-committee-chair/

Bright Mountain Media a global marketing services platform Appoints Industry Veteran Joe Pergola as Director and Audit Committee Chair

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