InfoSearch Media, Inc. Reports Strong First Quarter 2006 Results, Internet Marketing

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InfoSearch Media, Inc. Reports Strong First Quarter 2006 Results

Sequential Monthly Sales Growth, Expanded Distribution Platform and Entry Into Social Content Are Among the Key Highlights

MARINA DEL REY, CA--(MARKET WIRE)--May 22, 2006 -- InfoSearch Media, Inc. (OTC BB:ISHM.OB - News), a leading online media and search marketing firm, today announced financial results for its first quarter ended March 31, 2006.
InfoSearch Media reported revenue of $2.9 million for the first quarter of 2006, compared to $1.6 million for the first quarter of 2005, an increase of 77 percent. The Company reported a GAAP net loss of $0.3 million, or $0.01 per share (basic and diluted) for the first quarter of 2006, compared to a GAAP net loss of $0.2 million, or $0.01 per share (basic and diluted) for the first quarter of 2005. The expenses contributing to the GAAP net loss for the first quarter of 2006 included an expense of $1,230,384, related to non-cash equity compensation for options and restricted stock grants provided to consultants, employees, and members of the Board of Directors. Partially offsetting this was a non-cash gain of $666,744 related to the decrease in fair value of warrants.

"Both of our business groups met important goals during the first quarter. Our core ContentLogic business experienced month over month sales growth and expanded its distribution beyond our internal sales force. Through the launch of a web-based platform, third-party firms will now have direct access to ContentLogic's order processing and production systems. This access makes available new revenue opportunities by leveraging the sales forces of value-added-resellers, major franchisors and a variety of other internet marketing solution providers," explained George Lichter, President and CEO of InfoSearch. "Also and importantly, our Web Properties group completed the integration of recently acquired Answerbag.com and began accelerated website development efforts to enhance both design and functionality. Answerbag, already a leader in human question and answering and social search, is the starting point of the Company's move into user-generated Social Content and Answerbag.com is achieving significant growth, as evidenced by a near doubling of its unique users to over one million per month. During the first quarter, we also recognized the last of the ArticleInsider deferred revenue. The end of that deferred revenue steam, while largely optical, also brings an end to the cash consumptive ArticleInsider affiliate traffic program, which allows us to shift investment and development resources towards our core businesses. We believe that ability for renewed focus, the wider distribution of ContentLogic, plus Answerbag.com's new website and expanding features all position the Company for growth in the second half of the year."

About InfoSearch Media

InfoSearch Media (http://www.infosearchmedia.com) is a leading provider of content based cost-effective search engine marketing services. InfoSearch Media maintains a network of over 200 professional writers that help businesses succeed on the web by implementing content-based solutions that simultaneously increase online search engine rankings and website sales performance. InfoSearch Media drives website performance through its two products: ContentLogic and Web Properties (ArticleInsider and Answerbag).

Source: InfoSearch Media

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