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Colizer Inc. Raises Capital for Local Search Platform

Colizer Inc. Raises Capital for Local Search Platform

SAN DIEGO, March 30 /PRNewswire/ -- Colizer Inc., a San Diego company specializing in Internet marketing solutions, announced today that the completion of Series A Convertible Preferred financing. Investors include Seattle based Six Degrees Capital as well as two private investors.

"Colizer impressed us with solid marketing and technology experience." said Six Degrees Capital's president Ken Woolcott. "The company had already implemented a small scale local version of the platform and the numbers that were achieved over a period of over 12 months show that Colizer has the potential to be the leader in optimized local search using pay-per-call."

Colizer Inc. has perfected a Pay-per-call solution targeted at businesses that typically are not participating in online marketing. Pay-per-call is building on the success of such advertising systems as Google's Pay-per-Click solution. While the advertiser in a Pay-per-Click model pays for each click on an advertisement that directs a user to his web site, Pay-per-Call clients are charged for incoming phone calls which were initiated through a click on an online listing for the business. Unlike traditional Internet services Colizer's model does not require businesses to establish an Internet connection or even own a computer to benefit from Colizer's advertising solutions.

Online advertising is the fastest growing business in the US, generating more than $14 billion in revenues in 2006. This number is expected to triple within the next three years. Pay-per-call is estimated to be a $1.4 billion to $4 billion market. And analysts state that there are less than 350,000 advertisers across all the paid search networks. Most small and medium size companies are still using local Yellow Pages and referrals as their only marketing tool.

The market is ripe for the solution as 71% of small and mid-sized businesses would rather receive a phone call than a click in a performance-based model. Services like Colizer's, which will be released under the label RADIUX in the coming weeks, have the potential to shake up the $15 billion yellow page industry.

Colizer Inc.

CONTACT: Colizer Inc., +1-858-481-0083

Web site: http://www.colizer.com/

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