Inuvo, Vertro Give Merger Update

CLEARWATER - Online marketing technology Inuvo and Vertro, an online advertising and search company, announced today that they have each established a record date for their respective special meetings of stockholders to, among other things, consider and vote upon the proposals contemplated by the previously announced merger agreement.

Under terms of the merger agreement, which was unanimously approved by the Board of Directors of each company, at closing of the transaction, Vertro will become a wholly-owned subsidiary of Inuvo in a tax-free exchange of shares at the exchange ratio of 1.546 shares of Inuvo common stock per each share of Vertro common stock.

“Both companies look forward to the closing of the deal upon receipt of stockholder approval later next month,” said Peter Corrao, President and CEO of Vertro. “We eagerly await the ability to begin the integration of the combined company and the execution of our plans to deliver both growth and operating efficiency improvements.”