Medio Systems Expands Mobile Search Marketing to Europe

I received this form Medio Systems late last night:

Medio Systems, Inc., the leading provider of mobile search and advertising solutions, today announced the availability of its performance-based Medio MobileNow™ Ad Network to advertisers and mobile publishers in the UK and beyond. A component of Medio’s complete mobile search ecosystem, the ad network maximises the latent potential of the mobile phone by targeting mobile consumers with relevant, pay-per-click ads. With the incorporation of search-based advertising in 2008, Medio MobileNow will create additional revenue streams for mobile operators, publishers and other off-deck mobile properties while offering advertisers even more targeting precision through highly relevant ad messages based on consumers’ search queries.

The Medio MobileNow Ad network has been live in the United States since its launch in March this year. The expanded network has already begun to serve ads for advertisers in the UK , Germany , France , Spain , Australia and South Africa , achieving conversion rates of up to 15% with access to over 100 million page impressions per month across an international network of publishers.

Notice that last reference, it talks about potential. This Business Week article questions the growth rates of the mobile advertising industry not reaching projections, likely due to carrier friction rather than the lack of actual potential. This is why my recent endeavors have focused on local, traditional Internet and other spaces, it appears the will to bring in the needed financial services backgrounds to take mobile search and advertising to the next level just isn’t there right now. Not because they don’t need it to go to the next level, but more likely that they can’t afford the eventual differentiation luxury under current burn rates.