May 22, 2000 (Berkeley, CA) - In a continuing campaign to place greater power
in the hands of the consumer, Lumeria, an Internet incubator, is pleased to announce
that its latest stealth technology start-up; Lumeria
Ad Network, demonstrated its revolutionary new service at the recent Red Herring
Venture 2000 conference. Using proprietary ad replacement technology, Lumeria
Ad Network allows users to replace all or part of the Internet advertising they
receive with ads more relevant to their own interests and that they get paid to
view. This "disruptive technology" transforms traditional Internet advertising
into a powerful, one-to-one permissions marketing system.
Lumeria Ad Network
is powered by Lumeria's SuperProfile™ system - based on technology that puts users
in control of their personal information and profile to deliver unprecedented
new levels of personalization and customization while guaranteeing their privacy.
The SuperProfile system goes far beyond TRUSTe and other hard-to-enforce privacy
"seals of approval" to provide technology that guarantees that users of the Lumeria
Ad Network cannot be tracked by other ad networks and web sites.
According
to Fred Davis, Lumeria's CEO, "Advertising is a sale of the individual's attention.
Lumeria's infomediary approach transfers control back to the individual, who should
be the primary beneficiary when their attention is sold. Lumeria Ad Network is
not only the first system to let users choose ads they prefer to see, it's also
the first comprehensive system that allows the individual to profit from the sale
of their attention."
Directing Lumeria Ad Network is CEO Jeannine Barnard.
Says Barnard, "Lumeria Ad Network offers a radical new approach to permissions
marketing that provides excellent targeting while acknowledging the growing desire
of consumers to maintain their privacy and control the use of their personal information.
We are confident that we can deliver the potential of Lumeria Ad Network in a
way that is a real win for advertisers, web sites, and consumers. Web sites shouldn't
worry about losing ad revenue to Lumeria Ad Network - instead we're eager to work
with web sites to show them how to use our opt-in targeting system to provide
a better experience for their customers, increase their revenues, and grow their
businesses. For example, because we provide geographic targeting, Lumeria Ad Network
offers an unprecedented opportunity to tap into the vast market for local advertising."
Lumeria Ad Network Inc. is being launched by Lumeria Inc. as a majority-owned,
independent operating company. Lumeria Ad Network Inc. was founded in January
2000 and is based in Berkeley, California. Lumeria Inc. is an Internet incubator/holding-company
focused on the emerging infomediary market. Lumeria provides core technologies,
business strategies, marketing services, and other incubation services for the
companies it launches. Lumeria can be reached via its Web site at www.lumeria.com.