By BECKY HARRIS
LOG CABIN STAFF WRITER
Gov. Mike Beebe will participate in an economic development announcement at 10 a.m. today at Federal Plaza, 1111 Main St., Downtown Conway.
Joining him in making the "jobs announcement" are Mayor Tab Townsell and Conway Chamber CEO Brad Lacy.
The company, Inuvo, will locate in the Federal Plaza and have as many as 50 employees.
Richard K. Howe, formerly chief marketing officer of Acxiom, was named CEO of the company in December. A member of the board since 2008, he will continue as board chairman.
Charles Morgan is a member of the company’s board. Morgan was CEO of Acxiom from 1975 to 2008 and is a director and past chairman of the board of Hendrix College.
According to its web site, Inuvo (NYSE MKT: INUV) is an Internet company that develops and markets browser-based consumer applications and manages networks of web sites.
"Our solutions help advertisers acquire customers either on a pay-per-click, pay-per-lead or pay-per-sale basis."
In November, the company announced third quarter 2012 financial results including revenues of $15.5 million and gross profit of $8.7 million, increases of 89 percent and 145 percent, respectively, over the third quarter 2011.
(Staff writer Becky Harris can be reached at firstname.lastname@example.org and 505-1234.)