Infoserve To Stop Being Google AdWords Reseller
20 November 2009 - 7:55PM
Dow Jones News
Online marketing company Infoserve Group PLC (INFS.LN) Friday
said it will cease to be an authorized reseller for Google Inc.'s
(GOOG) AdWords service early next year.
AdWords allow companies to post adverts in Google's search
results and resellers are authorized to set up accounts for
businesses.
Infoserve said it will stop being an authorized reseller from
Jan. 7 but will continue helping its customers with AdWords
campaigns. It didn't say why it is stopping and calls to its
offices weren't answered.
Also Friday, Infoserve said it agreed an GBP800,000 loan from
its biggest shareholder, David Hood, who also sits on the board. It
said Hood has also agreed to accept 40 million new shares as
payment for another GBP2 million in loans it owes him, which will
take his shareholding to 82%.
Company Web site: www.infoservegroup.com
-By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272;
jason.douglas@dowjones.com
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