In first five months of 2009 RawVoice remains profitable and is having a record breaking year in its various business units. We continue to invest heavily in ongoing development of all our podcast and new media platforms.
Our financial outlook 2009 is highly positive and our burn rate continues to be lower than our month to month revenues.
RawVoice has increased it’s staffing by more than 50% since the beginning of the year in order to keep up with growing demand for our services.
Our Podcast Advertising division is delivering millions of CPM- and CPA-based ads each month to millions of listeners across a significant number of podcast properties for our various vendors.
RawVoice now also provides a number of the major podcast networks the high majority of their advertising revenue. This has further expanded our available advertising inventory that carries no overhead for RawVoice.
We are investing in the future by pressing forward with numerous new projects that we will be bringing to the market over the next 6 months that will further our dominance in not only the podcast advertising space but also in new media.