GlobeNewswire
2011-11-28
QuinStreet Acquires Personal Finance Blog
ConsumerismCommentary.com
FOSTER CITY, Calif., Nov. 28, 2011 (GLOBE NEWSWIRE) -- QuinStreet, Inc.
(Nasdaq:QNST), the leader in vertical marketing and media online, today
announced the acquisition of ConsumerismCommentary.com. The website
expands QuinStreet's portfolio of personal finance media properties
designed to provide consumers with information to make the best
financial decisions. Other properties include MoneyRates.com, HSH.com,
Insure.com, Insurance.com, CardRatings.com, GetRichSlowly.org, and
FiveCentNickel.com, many of which feature in Bing's new "Editors'
Picks" section. QuinStreet's Insure.com and MoneyRates.com were named
winners in the 2011 Web Marketing Association's annual WebAward
Competition and GetRichSlowly.org was named a Best Blog of 2011 by
TIME.com.
ConsumerismCommentary.com is a personal finance blog created in 2003 by
Luke Landes as a means of holding himself accountable for the state and
progress of his own finances. After completing his undergraduate
studies, Landes found himself in a precarious situation financially. He
started to track his finances publicly on ConsumerismCommentary.com to
gain support and motivation from readers. Landes, who writes as
"Flexo", is now firmly on his feet financially and his commentary is
cited frequently in leading finance publications.
ConsumerismCommentary.com has established itself as a respected source
of information and advice for consumers who want to take control of
their personal finances. The blog has been cited by the Wall Street
Journal and BusinessWeek Online, and was named among Yahoo's Ten Money
Blogs Everyone Should Read. It has been recognized in Money Magazine's
Best Web Sites and by Kiplinger's Personal Finance Magazine as a
Must-Read Blog.
"Consumerism Commentary is an excellent addition to our finance
portfolio," remarked Doug Valenti, QuinStreet CEO. "We remain committed
to providing consumers with high quality, relevant information to help
them make informed financial decisions. We are delighted that "Flexo",
Luke Landes, will continue to lead and direct Consumerism Commentary."
"QuinStreet has an impressive list of personal finance websites
already," said Luke Landes, founder and previous owner of
ConsumerismCommentary.com. "The sale of ConsumerismCommentary.com opens
the opportunity for me to work more closely with the best writers in
personal finance with an organization that values editorial integrity.
The resources QuinStreet brings to Consumerism Commentary will expand
the website's reach and educate more consumers to become financially
literate, capable and successful human beings by sharing educational,
entertaining, and engaging writing. That was and continues to be the
mission of Consumerism Commentary."
The transaction closed on October 24.
About QuinStreet
QuinStreet, Inc. (Nasdaq:QNST) is one of the largest Internet marketing
and media companies in the world. QuinStreet is committed to providing
consumers and businesses with the information they need to research,
find and select the products, services and brands that meet their
needs. The company is a leader in visitor-friendly marketing practices.
For more information, please visit QuinStreet.com.
CONTACT: Katrina Boydon
(775) 321 3601
kboydon@quinstreet.com