rVue Holdings, Inc., Reports Complete Year 2012 Financial Results

Chicago, IL (PRWEB) July 05, 2013

rVue Holdings, Inc. (OTCBB: RVUE) the premier marketing technologies platform for digital out of property media announced its financial results for the complete year ended December 31, 2012.

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Summary Results for the Full Year of 2012:

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-Total income was $ 602,363 for fiscal 2012 down slightly from $ 643,483 in the prior year.&#13

-Core Costs: This is the concentrate of our organization and source of future development. Core revenue for the years ended December 31, 2012 and 2011 had been, $ 197,444 and $ 203,276, respectively.&#13

-Non-Core Costs: For the years ended December 31, 2012 and 2011 have been $ 404,919 and $ 440,207, respectively. The decline was due to the end of a management relationship with Auto Nation. This trend will continue in 2013 as we focus much more resources on core enterprise efforts. In addition the Mattress Firm merged with Mattress Giant and we respectfully agree not to renew for 2013. (this represented approximately $ 230,000 in revenue ) .&#13

-Promoting, general and administrative expenses was $ two,328,669 in the complete year of 2012, compared to $ three,339,359 for the complete year of 2011, a reduction of $ 1,010,690 in the year due to price controls, alter in management and a shift to much more media focused transactions.&#13

-Net loss for the complete year of 2012 was ($ three,839,348) compared to a net loss of ($ three,616,973) in the 2011.&#13

-As of December 31, 2012 the organization had $ 850,000 of cash.

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As Michael Mullarkey (prior CEO and Executive Chairman) described, 2012 was a transformative year for the firm. We established our leadership position as the largest outside digital media platform connecting more than 770,000 screens across 180+ networks.”

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Mark Pacchini (CEO and President) added, “With our expenses under much better handle, our focus going forward will be on providing our consumers with business building ideas and globe class service. If we deliver this, it must outcome in revenue development.”

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Conference Contact Details:

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A conference get in touch with will take location at 9:00 a.m. CST, on &#13

Tuesday, July 9, 2013. &#13

Anyone interested in participating must get in touch with *Toll-Cost-free: &#13

(866) 376-0342 &#13

International dial-in number: (408) 773-6761&#13

Conference code: 3986559170

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About rVue:&#13

rVue Holdings, Inc. is an advertising technologies business offering the digital distribution platform for the Digital Outdoor Marketing business. The firm connects 770,000 digital screens across 180 networks delivering access to 250 million every day impressions in a single simple platform. Backed by the industry’s most intuitive and intelligent platform, rVue has the technologies, data and experience to connect brands and targeted consumers where and when it matters most. For much more details, please check out http://www.rvue.com.

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Make contact with Details:

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Business and Press Inquiries: &#13

rVue Holdings, Inc. &#13

Dean Peterson &#13

dean.peterson(at)rvue(dot)com &#13

312.219.8835

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Forward Hunting Statements: &#13

This press release consists of “forward hunting statements” within the which means of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this press release that are not purely historical are forward-searching statements. Forward-hunting statements give the Company’s present expectations or forecasts of future events. Such statements are topic to risks and uncertainties that are frequently tough to predict and beyond the Company’s handle, and could cause the Company’s results to differ materially from those described. The Business is offering this information as of the date of this press release and does not undertake any obligation to update any forward hunting statements contained in this press release as a outcome of new information, future events or otherwise. We have primarily based these forward-seeking statements largely on our present expectations and projections about future events and economic trends affecting the financial situation of our enterprise. Forward seeking statements need to not be read as a assure of future functionality or outcomes, and will not necessarily be accurate indications of the times at, or by, which such overall performance or outcomes will be achieved. Important aspects that could lead to such differences consist of, but are not limited to, the Threat Aspects and other data set forth in the Company’s Annual Report on Form 10-K to be filed these days and in our other filings with the Securities and Exchange Commission.

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