Infoserve To Stop Being Google AdWords Reseller

LONDON -(Dow Jones)- Online marketing company Infoserve Group PLC (INFS.LN) Friday said it will cease to be an authorized reseller for Google Inc.'s (GOOG) AdWords service early next year.

AdWords allow companies to post adverts in Google's search results and resellers are authorized to set up accounts for businesses.

Infoserve said it will stop being an authorized reseller from Jan. 7 but will continue helping its customers with AdWords campaigns. It didn't say why it is stopping and calls to its offices weren't answered.

Also Friday, Infoserve said it agreed an GBP800,000 loan from its biggest shareholder, David Hood, who also sits on the board. It said Hood has also agreed to accept 40 million new shares as payment for another GBP2 million in loans it owes him, which will take his shareholding to 82%.

Company Web site: www.infoservegroup.com

-By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com

(END) Dow Jones Newswires

November 20, 2009 03:40 ET (08:40 GMT)

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