Shares Of Izea Inc. (IZEA) Falling in Mid-Day Trading Session
Shares of Izea Inc. (PINK: IZEA) have fallen by 39.98% in the mid trading session. The stock is trading lower despite positive recent growth within its sales and marketing organization. At present, the penny stock is trading at $0.40 with 2.76 million shares traded, compared to Friday’s close of $0.64.
Today, the company announced recent growth within its sales and marketing organization. As per the CEO, IZEA is aggressively expanding its sales and marketing team to capture client demand and provide the best customer experience possible. The company has added four team members to its sales and marketing organization.
New sales member, Greg Martin joined IZEA from mobile advertising company Marchex where he was a senior member of their sales organization. Christian Shalay joined to IZEA from Texas-based media company Belo Corp. Ed Stepankovsky joined IZEA’s sales team with leadership and sales experience from RockYou. Lastly, Jennifer Brown joined IZEA as director of marketing communications, managing public relations, event marketing, investor relations and community affairs.
In addition to the team members, the company’s goal is to add an additional 8-10 sales team member domestically before the end of the year. The company is expected to report its quarter-ending March 31, 2012, financial results on May 15.
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