Artificial Intelligence (AI) Delivers for CloudCommerce Other OTC:CLWD – GlobeNewswire

  • Lauren
  • January 26, 2021
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SAN ANTONIO, Texas., Jan. 26, 2021 (GLOBE NEWSWIRE) — CloudCommerce, Inc. (CLWD), a leading provider of digital advertising solutions, today announced that aiAdvertising, Inc., a wholly-owned subsidiary of the Company, is using its AI-enabled SWARM solution to achieve impressive results for its clients.Recent AI-enabled SWARM results include: The SWARM Predictive Creative engine reduced the cost per click for a faith-based organization by 52%.The nation’s largest distributor and manufacturer of heavy equipment used SWARM to adjust targeting to specific placements within Facebook Audience Network to reduce its cost per click from $4.19 to $3.07 – a cost saving of 37%.SWARM adjusted the minimum age of the target audience of a leading supplier of jeep tops and accessories and reduced its cost per click by 42%. “We are very pleased with the early results we are delivering with our AI-enabled SWARM,” said Andrew Van Noy, the Company’s CEO. “Our clients are reaping the benefit of our real-world application of artificial intelligence. Our goal is to continue to work toward potentially reducing the costs of advertising by as much as 50%.” The Company is developing SWARM into a cloud hosted software platform that will harness the power of artificial intelligence, machine learning, and predictive algorithms to eliminate the inefficiencies, waste and guesswork that is inherent and accepted in today’s data driven digital marketing campaigns. For more information about aiAdvertising, please visit the Company’s new website at About CloudCommerce CloudCommerce is a leading provider of digital advertising solutions. Our flagship solution, SWARM, analyzes a robust mix of audience data to help businesses find who to talk to, what to say to them, and how to market to them. We do this by applying advanced data science, behavioral science, artificial intelligence, and market research techniques to discover, develop and create custom audiences for highly targeted digital marketing campaigns. For more information about the Company, please visit Forward-Looking Statements This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements are included in our filings with the Securities and Exchange Commission, including the “Risk Factors” section of our annual report on Form 10-K for the year ended December 31, 2018. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.