July 22, 2008
A. H. Belo Corporation to Offer ResponseLogix's Lead Management System to Auto Dealers
Media Company to Also Take Equity Position in ResponseLogix (TM), Inc.
DALLAS - A. H. Belo Corporation (NYSE: AHC) announced today that the Company has made a minority equity investment in ResponseLogix, Inc. and entered into a multiyear agreement to resell the ResponseLogix Internet-based customer lead management system to automotive advertisers. ResponseLogix, headquartered in Sunnyvale, CA, provides advanced technology solutions for managing automotive dealer Internet leads. A. H. Belo joins Shasta Ventures, GRP Partners and Belo Corp. as equity partners in ResponseLogix. In markets where AHC operates, the Company will market, sell and service ResponseLogix's full suite of products and services.
Dave Ellett, president and General Manager of Belo Interactive Media, said, "The online automotive market segment has been a top-performing category for A. H. Belo. ResponseLogix technology provides our automotive dealer advertisers industry-leading solutions to more efficiently manage Internet-generated customer inquiries. Auto dealer advertisers implementing ResponseLogix benefit by improving customer follow-up and tracking online leads, potentially resulting in a shortening of the sales cycle and higher sales volume. ResponseLogix technology provides auto dealers a measurable return on investment of their advertising dollars."
Tom Mohr, ResponseLogix's Chief Executive Officer said, "We are extremely pleased to have A. H. Belo as both an investor and a channel partner in helping us bring our proven Internet lead management solutions to the market. A. H. Belo has strong automotive dealer relationships spanning decades and ResponseLogix is fortunate to be able to leverage those relationships."
Ed Olkkola, A. H. Belo's senior vice president/Business Development, added, "After examining the partnership potential with ResponseLogix, we concluded a strategic investment made sense. With the backing of two experienced venture capital firms, GRP Partners and Shasta Ventures, and a first-rate management team led by co-founder and Chief Executive Officer Tom Mohr, we are confident that the business plan being pursued by ResponseLogix will lead to measurable results. We are excited to provide our auto dealer advertisers with lead management solutions that can improve their profitability."
About A. H. Belo Corporation
A. H. Belo Corporation (NYSE: AHC) headquartered in Dallas, Texas, is a distinguished news and information company that owns and operates four daily newspapers and 12 associated Web sites. A. H. Belo publishes The Dallas Morning News, Texas' leading newspaper and winner of eight Pulitzer Prizes since 1986; The Providence Journal, the oldest continuously-published daily newspaper in the U.S. and winner of four Pulitzer Prizes; The Press-Enterprise (Riverside, CA), serving southern California's Inland Empire region and winner of one Pulitzer Prize; and the Denton Record-Chronicle. The Company publishes various specialty publications targeting niche audiences, young adults and the fast-growing Hispanic market. A. H. Belo also owns direct mail and commercial printing businesses. Additional information is available at www.ahbelo.com or by contacting Maribel Correa, director/Investor Relations, at 214-977-2702.
Founded in early 2007, ResponseLogix takes auto dealers' Internet sales departments to the next level of productivity and profitability. ResponseLogix solves the hree biggest challenges in the Internet sales process: the speed and quality of initial response to leads; the impact and consistency of ongoing follow up; and, the effectiveness of the live communications in-between. ResponseLogix is the only solution in the marketplace that solves all three of these issues while delivering personalized messages to the customer that are timely, consistent, and relevant.
ResponseLogix incubated its business on the premises of a Top-25 Internet dealership in Sunnyvale, California.
A. H. Belo Corporation
President and Chief Executive Officer
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