NewswireToday - /newswire/ -
Fort Lauderdale, FL, United States, 2012/06/04 - SMTP, Inc. (OTCBB: SMTP), a global email marketing and delivery provider, has been selected as a Microcap Leader under the Technology category by Wall-Street.com.
SMTP is a leading provider of cloud-based services to facilitate email deliverability, including bulk and transactional sending, reputation management, compliance auditing, abuse processing and issue resolutions. SMTP is an independent service provider exclusively focused upon the execution of email delivery for applications in marketing and enterprise web applications requiring bulk email or high volume transactional email delivery. Founded 12 years ago, the firm has over 10,000 customers worldwide, ranging from small businesses to large Fortune 500 companies.
Revenue for the first quarter ended March 31, 2012 increased to $1.247 million, compared to revenue of $0.932 million reported in the comparable year ago period. Gross profit increased to $0.941 million in the first quarter of 2012, as compared to $0.736 million in the first quarter of 2011.
SMTP's service options include dedicated servers or shared servers depending upon application and service level requirements. Their platform architecture is distributed across multiple data centers for redundancy, consistency and reliability. With a focus on customer service and consultation, they offer a seasoned support team with the experience to maintain reputation and efficiently resolve ISP
concerns. All in all, their size and depth of expertise enables them to provide better delivery results and a higher ROI to their customers across the globe.
Public Financial Services, LLC exercised their outstanding warrant and purchased 800,000 shares of SMTP common stock for $500,000 in cash. As a result of the additional $500,000 in cash, the SMTP Board of Directors has approved an increase in the recently announced special cash dividend from $1.4 million to approximately $1.9 million. This special dividend will be $0.13 per share.
Visit Wall-Street.com to see the complete profile on SMTP, Inc.
Safe Harbor Statement
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continues," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, and various other factors beyond the Company's control.
For more information, please visit our website at SMTP.com/.
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