WebSourced to Restate Lower Earnings; Acquires Web Diversity

Mixed news from my former employer…

The SEC is asking them to restate earnings. Hopefully, this will signal the end to the declining PPS and see a rebound…hopefully.

The parent company is picking up Web Diversity – a UK PPC management company that will work closely with Mike Grehan and Smart Interactive.

I’m often asked about my thoughts of WebSourced. I think the THK board is doing a good job of getting rid of the dead-wood and shaking up the structure of the company. I’m still a lot more excited about what we are doing at Fortune Interactive, but I don’t think WebSourced will stay down for too long.