Inuvo Appoints Marketing Veteran and Former CEO of Media Kitchen Barry Lowenthal as President
LITTLE ROCK, Ark., May 22, 2023 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE: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: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 Statements
This 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 Ruiz
Chief Financial Officer
Tel (501) 205-8397
[email protected]
Investor Relations:
David Waldman / Natalya Rudman
Crescendo Communications, LLC
Tel: (212) 671-1020
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e0b0a48-8d2b-45cf-a525-467109519be6
