IZEA Tops Record For Annual Managed Service Bookings

Orlando, Florida, Aug. 27, 2021 (GLOBE NEWSWIRE) — IZEA Worldwide, Inc. (NASDAQ: IZEA), the premier supplier of influencer advertising and marketing expertise, knowledge, and companies for the world’s main manufacturers, introduced right now that it has surpassed $23.5 million in Managed Services Bookings Year to Date, already making 2021 one of the best 12 months in firm historical past for bookings – with one third of the fiscal 12 months nonetheless remaining. Total managed companies bookings for the complete 2020 fiscal 12 months had been $17.3 million. “We began to see a cloth uptick in 12 months over 12 months bookings starting in This fall of 2020, and that pattern has continued all through 2021,” commented Ted Murphy, Founder and CEO of IZEA. “We have added three new Fortune 500 prospects within the month of August alone, and Managed Services bookings for the third quarter to this point are already up 50% in comparison with Q3 2020, with one other month to go. SaaS buyer rely has damaged its earlier file up to now within the third quarter, led primarily by IZEAx Discovery and continued enlargement of IZEAx Unity Suite amongst smaller manufacturers and businesses.” Bookings are a measure of all gross sales orders minus any recognized or anticipated cancellations or refunds with respect to such gross sales orders or refunds. Management makes use of bookings to tell expectations of whole gross sales exercise. Bookings should not all the time an indicator of income for the quarter and may very well be topic to future adjustment. Revenue from Managed Services bookings are sometimes acknowledged over a 9-month interval on common, although bigger contracts could also be acknowledged over longer intervals of time. IZEA acknowledges Managed Services income based mostly on a proportion of completion. To work with IZEA as both an influencer or a marketer go to IZEA.com. About IZEA Worldwide, Inc.IZEA Worldwide, Inc. (“IZEA”) is a advertising and marketing expertise firm offering software program {and professional} companies that allow manufacturers to collaborate and transact with the complete spectrum of right now’s high social influencers and content material creators. The firm serves as a champion for the rising Creator Economy, enabling people to monetize their content material, creativity, and affect. IZEA launched the trade’s first-ever influencer advertising and marketing platform in 2006 and has since facilitated practically 4 million transactions between on-line patrons and sellers. Leading manufacturers and businesses accomplice with IZEA to extend digital engagement, diversify model voice, scale content material manufacturing, and drive measurable return on funding. Safe Harbor StatementAll statements on this launch that aren’t based mostly on historic reality are “forward-looking statements” meant to qualify for the protected harbor from legal responsibility established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements, that are based mostly on sure assumptions and describe our future plans, methods and expectations, can typically be recognized by way of forward-looking phrases comparable to “might,” “will,” “would,” “may,” “ought to,” “anticipate,” “anticipate,” “hope,” “estimate,” “imagine,” “intend,” “seemingly,” “initiatives,” “plans,” “pursue,” “technique” or “future,” or the unfavorable of those phrases or different phrases or expressions of comparable which means. Examples of forward-looking statements embrace, amongst others, statements we make relating to  efficiency underneath buyer contracts, expectations of working outcomes that stay topic to completion of economic closing procedures, IZEA’s capability to extend income and bookings, progress or upkeep of buyer relationships, and expectations regarding trade tendencies or IZEA’s enterprise technique. Forward-looking statements contain inherent dangers and uncertainties which may trigger precise outcomes to vary materially from these within the forward-looking statements, because of varied elements together with, amongst others, the next: aggressive circumstances within the content material and social sponsorship section during which IZEA operates; failure to popularize a number of of {the marketplace} platforms of IZEA; our capability to ascertain efficient disclosure controls and procedures and inner management over monetary reporting; our capability to fulfill the necessities for continued itemizing of our frequent inventory on the Nasdaq Capital Market; altering financial circumstances which are much less favorable than anticipated; and different dangers and uncertainties described in IZEA’s periodic stories filed with the Securities and Exchange Commission. The forward-looking statements made on this launch converse solely as of the date of this launch, and IZEA assumes no obligation to replace any such forward-looking statements to mirror precise outcomes or modifications in expectations, besides as in any other case required by legislation.

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