As of January 1, 2006, DrivAd will cease to exist as a limited liability company (LLC) and will pursue
business as DrivAd, Inc., a California S Corporation.
The decision to incorporate was reached by the Board of Directors as a strategic move to better position
the company from a legal, financial and administrative standpoint. All assets and liabilities of DrivAd LLC
will be transitioned to the new company with no interruptions or impacts to DrivAd drivers, advertisers or Certified Installers.
"There is no change to our plans and company vision. This is a normal and expected transition for our company,
" said Olivier Baudoux, DrivAd LLC president and elected chairman of the board.
"Our success and growth over the last 2 years have been remarkable and having this new structure will give us
new tools and incentives to bring and retain talents and to position our company for strategic alliance with investors
and upcoming partners."
About DrivAd
Silicon Valley-based DrivAd, LLC. offers a patent-pending, automobile-based outdoor advertising method.
This young and growing company revolutionizes outdoor advertising by offering an alternative to the
often cost-prohibitive structure with an innovative partnering strategy involving advertisers, drivers
and Certified Installers. By trading products and services, organizations can benefit from individual
drivers, members or employees and economically advertise to large and targeted demographics. Drivers
agree to attach a see-thru marketing decal on their vehicle's windows and "drive as usual" in exchange
for agreed-upon rewards. DrivAd also relies on a well-established base of Certified Installers auto-
servicing companies that provide drivers and advertisers with trustworthy installation and ongoing
inspections of all participating vehicles. Its homepage is www.DrivAd.com.
Contact Information
Tina Xu - DrivAd Media and Investor Relations
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