Brand value rankings are more popular than ever, and are often seen as the equivalent of Marketing value rankings — but are they? Milward Brown recently published their annual Brand Z Top 100 Most Valuable Brand rankings. Google topped the list, with Microsoft and many other well known brands following on their heels. In fact, Eileen Campbell, CEO of Milward Brown, says: “It is a fantastic achievement to be one of the most valuable brands in the world… this ranking is a way for marketers to identify the value that their brand is creating for the business.” But who’s creating all the value ?
Milward Brown’s brand value calculations are relatively straightforward: Intangible Earnings x Brand Contribution x Brand Multiple. But what, if anything, is this really telling us about Marketing’s value to the organization ? I’d argue not very much. Let’s look at a few examples to understand why. American Express, in-arguably a great brand, dropped in value -40%. Was Amex marketing last year that bad? Citi fell -52%. Weak marketing ? Target down -17%. The fall of “expect more, pay less?” A recent Nielsen IAG survey showed that consumer confidence was higher among those consumers seeing financial services advertising versus those who did not. So, clearly, brand spending reductions probably account for some of the decline in brand value. But, I don’t think these brand valuation declines are all about marketing effectiveness or even reductions in marketing spending. So, what are they about ?
In the case of Amex, what was the role of poor risk management decisions ? Acceptance of TARP funds ? At Citi, people at the firms Investment Bank made mistakes in the sub-prime mortgage market. These mistakes generated write-downs, losses, and reduced consumer confidence and trust. The last time I checked, the people responsible for these activities in Amex and Citi weren’t in Marketing. In Targets case, consumer confidence eroded quickly as the recession deepened. Target’s value proposition became less relevant. Walmart’s became more so–it gained +19% in brand value. Is this bad Target marketing — or partly due to poor merchandise mix and selection when consumers are suddenly much more value conscious ?
What the brand valuations tell us is this: many things impact the brand, which are outside of Marketing. Public relations fiasco’s, poor corporate earnings, mistakes in departments outside of Marketing, bad product experience, etc., the list goes on and on. Yes, Marketing should “own” the brand and be it’s steward, ensuring that the organization is protecting and building the brand, both inside and outside Marketing.
Marketing needs to influence the entire enterprise and have everyone understand their impact on the brand. It’s Marketing’s mandate to define the brand, the key brand drivers, but most importantly, to then educate, motivate and inspire people throughout the enterprise to execute in ways that build brand value, not destroy it.
So, my take is this: the Milward Brown study is very important for Marketing, but not as a measure of Marketing value. Rather, it’s a clarion call for Marketing to have more influence and more impact on the brand by extending its reach beyond Marketing. After all, the easy part is the marketing communications. The harder, but arguably equally important part, is driving brand value throughout the entire enterprise.
Randall Beard
http://randallbeard.wordpress.com/
Randall Beard is a senior Marketing and Product Management executive with over 25 years of global experience across consumer packaged goods, financial services and high-touch service brands, including Procter & Gamble, American Express, and UBS Wealth Management. His expertise is in building and turning around ailing brands, building stronger organizations, and improving profitability during times of crisis and growth. He has a reputation for delivering results thru vision, disciplined strategic focus, product, marketing and customer experience innovation, and people ennoblement. In sum: Randall is all about “Marketing with Impact.”
Randall has worked and built business and teams in virtually every major market in the world, including USA, Canada, China, India, Hong Kong, Singapore, Australia, Japan, Taiwan, Korea, UK, Switzerland, Germany, France, Spain, Italy, Russia, Mexico, Argentina, and Brazil.
joyline
fusionwebsitehosting
charlestonradiation
jihongmu
vulcanplatinum-onliine
costabrava
groupeadonis
konceptstore
firstfleetinc
saolifegetwell
deepspacefoodchallenge
mullen
bigheadsdigital
bt521
vshojo
camfil
fssp24
japangiving
alertelectrical
nobiciro
hochugazu
whatis-my-ipaddress
koonings
psmbrokerage
ldsfreedomforum
chubu-net
kenperkinsfuneralhome
citylife
microfasteners
creebulb
theninhotline
surdeu
fusionmarketspartners
xiaojinzi
afhe
freerollsroom
onlineviagramedicinesale
pereireassurances
woodcountywv
pale
atheromedinc
letterjames
lsg
inpiad
mimi703
thegeoexchange
prostitutkiulyanovskax
bdms
turpravda
vermitelenovela
rajavithi
bepronounced
mails
kuendigungsschreiben-vorlage
viralscape
ebookdaily
shoplowcost
theopenscroll
netrixcreative
hellping
microsoft-ware
cochlea
c0cejedewe
ruseks
yanoazuma
omniaserver
2261
statenumber
richenpower
xinhua
bachelorstudies
thinkbetterlife
tunicmagic
benfranklinsworld
independentnews
amtech
ek-retail
puraedematome
home
ogwolfpack
freelyphotos
fibering
forexbrokerreport
gcus
shumattwpweb
camping2be
vpsdns
baxtop
venhill
omusubi-gonbei
start
bilkeguvenlik
hessmediainc
eutrack
hempfarmers
northmid
biblogtecarios
dalleecranlcd
apttuscloud
eshte
stavanger-forum
certdepot
bycs
caixabankcib
abpnewsonline
youngbossinc
sun-1070
comjapanrugby-sakuraclub
orzn
ornatejewels
mydkv
mommyfactor
code2flow
danspaceproject
petershallard
hotspotholland
sybeauty
it-analysis
diningblast
nextdigital
derangedrecords
outdoor-mature
andersonlock
znaci
css3
homelightagents
mewclass
orlada
onespiritnation
novagraf
etvb
nemcb
kenstott
kavodlending
zinavotechnologies
rupress
xn--b1aqfv
sildenaf100
jabberes
johncflood
guardiandiabeticalertdogs
atccomm
mitsubishielectric
zakisazotamsk24
meetcum
guru-9
driftonline
darwin
library
jeanleaf
growinghealthyschools
distributor-systems
xikar
ashkansoltani
saglikhaberleri
naturebell
onyxgroup
otheradsads
runcms
cafemaqui
handslot
gigaflips
new-
pays6vallees
artfulsoftware
tigase
jobsalary
digisol
btc-
abcdfree
iptvtest
scs-ntech
foodtest
earthship
x-pm
addc
repage7
dellaterramountainchateau
sz-wholesale
camaras
neograftorangecounty
smartbit
oginski-law
mallingrepairservice
cyberwatching
customwritingsite
true-site1
ithelpcentral
ccfgexpo
e38
vigunudns
mylife-diabetescare
hcadmiral
pastiolot
pond
myfiziq
sealynews
rtvpink
logistiekprofs
bitflan
cevroinstitut
gozasoro
hinner
medical-express
pensionpartners
peperomiamoda
proboards30
visupay
daslahntal
o365
persephonebakery
ccbagsonline
khamato
salevibez
chantalthomass
madisonsportsgroup
mdmgroup
juhi-s
rubnrestore
navoine
autismnavigator
wulkan-neon-kasino
gazellawifi
googleappinfo
adamar
disabilitylawyersbrampton
hotspot
datahouse
lambdares
tjfdc
detroitgreenways
boosto
reservdelaronline
soledadpenades
bpbjprovlampung
jcrd
projektas
cronys
cnjecc
prostitutkikirovahelp
afahtec
poshonabudget
lpunderground
pricebank
allianceexperience
hyundai
hylandvpw
bancaetica
pvssy
prostitutkinaberezhnyechelnygood
kinolor
falcon-safaris
whytes
sabziman
siteground166
plug-in
ecodistricts
lokerjambi
douglasj
tarkiz
borderlandsproducerescue
netdeals
cesonline
zemereshet
scheben-rf
5q62
contoseroticos69
refugee-food
habitatnycwc
rubinst
diaboliquedesign
edigital
sakurasaku-marketing
ubuntu
fadianji99
open-web-advocacy
wisesys
hub00
deutsche-
petarda
yesauto
technicalalamin
pysgsl
staugustineparishlagoulette
footfet
mathsbox
findtovar
gofigg
adcitymag
studioprzylesie
instaevreni
dahongjiqi
shuzan
hospedagemdanet
noclegi-pracowniczewaugustowie
ertelekom
makiiwebdesign
hnu
filmmakers
kernelpro
plportal
masaimara
rowerowy
tpmc
c4dcenter
rtstactical
herouxdevtek
gddxzy
heroicsearch
rudefly
letterof
mypvhc
liselondon
beneathyourmask
londonbuses
colorbiu
psc
hokto
brownellfirearms
hoorayforfamily
asplinux
tamoxifen
kjvbible
nacorporation
econonet
tehneftgaz
ah888
farental
spare-grisen
afcyp
tomaslau
0532
burntimpressions
k2share
zfghfcix
dee-okinawa
malheurco
rationality
wnanews
st-tools
bostoncheesecellar
summitvillage
stritar
1x
nielsencsp
bcd
gofx
arima
2amgaming
ryclassifieds
nundex
portimonense
compressedairparts
authid
gaylatino
babycenter
shiphaulistic
sanatyapiyo
journeykenya
thewellco
blankabout
paraus
sedonasouladventures
onlinecialisonlinedrugstore
tothe92
universaldesignstudio
indiantubes
farys
remzi
kharampurneftegaz
cybercoral
laramen
bj148
webalonia
ausbcomp
azino777-ofigial-4
childrensinn
delivermynewspaper
stmcollege
riyareddy
mp3yad
my-chrome
mechu
vulkan-rossia-kasino
whatconsumer
hamtick
348-409
imovane
asel-elektrotechnik
brisiana-appline
oekk
rightnow
magitext
alifehospital
prostitutkiastrahaniwant
nclej
dolben
techwerxe
yanxin
globalmontreal
play-fortuna-slot02li
beebeep
biv-ot
theccm
italianfurn
bnrdom
shopjidion
violinmuseumshop
netzfeuilleton
animalcreativo
gsk-nn
vanitiesdepot
934ck
fami-bio
tipcon
danceeast
appfleet
bahonoursgraphicdesign
football-data
huixuan
adhealthcare
jll
mitcables
lifeaid
citizenscampaign
facaziki2
12play12
opblocks
aa-g
fundus
aofm
thierry-immobilier
antary
viera
bintray
discountdealz
lcproduction
jesolointernational
datacentrepartners
tieto
reichelt
freshnss
kinghood
uintacounty
digitalmarketingtadka
matarch
semanticresearch
xihuish
amateureroticpics
wuling
teachcalifornia
ineprodes
artistpr
md-dns
afdfloral
thedodgegarage
it-huerth
negu
tncashoffer
military-ukraine
biaoshitong
roughriders
nextnewslive
lasdistancias
rangs
automotoshop
icamsystems
pillsburyunited
starburns
rjcomputers
xhorsevvdi
jobalerts4you
bentonvillelibrary
ebg
shareyourwallpapers
psky
ufe3d
a1storage
littmanbros
sikhsiyasat
9711
yokotekamakura
american-club
servers24
16colo
agrotek
jamesinturkey
manypossibilities
hnhuazhou
jurak
esports-plus
muslimmedya
benzo
maxcomsc
alvohost
edouniversity
pult
meru
dsmn8
aedesgirona
royalflushhavanese
tayloroldbondst
yvwiiusdinvnohii
eb-83473
riskstrategies
w3my
fonopar
playemulator
nilambaraelectronics
vernisaz
chods-cheats
iroyalfashion
blackseniorpersonals
jyqyxm
lascada
ggzingeest
giso
supportgirls
mygbedu
cheilib
zakis-ashota
applepodcasts
regklapan
cafecentralmadrid
twity-333
zbsfe-media
soshisha
codeguild
hd-720
tsars
plugoo
japanmusic
indiascienceandtechnology
despot
lhd7rm
mosayk
davidpashley
makeyourwish
softbrain
lifebac
ravishafashion
zixuego
alwayswanderlust
oregonpioneers
arkumen
thinklogic
guessthegame
thewashwarrior
srv6060
tbwebhosting
fgasy
erwinrecord
snus-upxx
livesports-tv
114118
shelterrific
embrainfo
inscribe
mensrdx
aikaba
digitalmarketingcourses
cesiceramica
seriesonlinex
flhealth
allaboutexplorers
fcostry3
spinwin-
maalfat
funkhabari
amberen
pharmazell
glampings
cvssp
91016612
the-wanderling
ecpat
santemo
patrimonioculturaldearagon
nepalinetwork
the-doll-house
lockheed
treasuretracer
espace-client-bfm
heiratsinfo
alldisco
homeandhost
transportesvarelacr
mjddomains
get-datings
gcon
hdseriya
network2020
ihmeuw
cratisinternational
business
healthfirstweightcontrol
superbia
iayc-interventoria
tudosobrexanxere
np
sisttel
hype
windowsupdater
farabarpouya
griotsrepublic
imga
atlanticpalacesuites
fluidlink
tabletoptournaments
inoutparcel
topchapter
wearetheloop
brandonkia
sukoutu
smartforms
ucbclub
kartcrazy
0lx
petschennai
chrisreining
onehousing
doukutu
culturelabs
templetonworldcharity
picturetank
one-video
6394
minutes
quiltwoman
city5
triple-diamond-slot
xn--72cb7b7bd3c8b4g3c
m4t
falai
jassa
burhanicommunication
yougaz
webhostdiy
xenotichosting
evovmp
imgkcdn
biggovernment
snus-upi
scenicbyways
coconutsfishcafe
sky-aluminium
stlouissciencecenter
goldmature
cainandassociates
finopolis
asgcdn
jiangxinboiler
rfxcom
tigiprofessional
ziamond
ohoje
admized
decoo
rightbtc
wordsbecomepictures
spayneuterlv
baohodaian
autolus
assertiotx
criptofaucet
rtdiagnostics
aiptco
iveco-power
doghouseip
laiwutaijie
gorillagrowtent
prostitutkikostromyslip
qpoouiix
sciencehack
petgarden
kubitkist
24houredge
demo-vulcan
branchoutmovement
lalaport
kowsarsamaneh
reelcrack
yths
tegacaysc
utah-tip
wekivaisland
eclecticenglish
udinfra
ru-
fishskyn
bobfilm-net
vadodara
ykjsgdwgix
digitaldominion
amoxicillin24
akhbarwatan
iacepc
freecultr
ilusix
papaya
kinostraus
itcsv
labri
easylife
healthcarebusinessclub
blingo
gbahacks
croydonmosque
parineetihonda
wardjet
henniu184
christopherfowler
ubnzfx
minilien
9queen
pin-up-on-line
fuld
khoshara
vrbate
drinkstrade
softportal
i-langqi
dokumenty-000024
techno-grp
huadiao999
vistaprint
yuchengpet
chanchap
clever-logistics
vy
fpatheatre
meclass
atrserver
ciscocheckapi
bazi
maxmediadv
kutsenko
gruppem
mylablife
caravan-salon
keratrade
uthealthrgv
xperti
djiey-discount
cybertech
fenixdev
m1stereo
fijn-thuis
gaz-v-maske
nettower
nissin
nufocuswebhosting
leadwerks
bactrimmed
warshawithala
hbo-gmbh
mintaka
windsystemsmag
ceresciudad
haque
kirillreshetnikov
musterring
theinformationdaily
banthuecanho
sitetl
beingpaperless
upperseg
wdfv
dallassinglemom
wajib4d88
farbs
circleasset
lhf
all-arms
prokrzn
raggedy-bits
greatgolfer
websynths
vdaepc
javplease
cinemawebs
becky-vannes
playfortunab20e
funwinter
cgcusa
ultanceev
cetaris
endut-quick3
hmbooks
girlshare
garmintab
beeg
bridgewaterwebshop
motajra
jymsk
iqser
baymavigiris13
bestappever
transmissionfilms
prostitutkiartemafine
rsbjhdsix
reistekstil
sitndip
elmcoassoc
opossumsocietyus
mzgroup
lyricsgaps
etrustcompany
averstrade
cosmohairstyling
hdhc
nurturedneurons
laroxylsansordonnance
bookyourselfsolid
totalsportspicks
sflworldwide
nl
grannyhotpics
torgame
idgod
fitnesshut
tetherview
sublimecomporta
alpha-host
financemalta
supergaz74
nichs
o720
torrent-games
llcgroupbd
ibjwdlsweix
dur-a-flex
mh123456
lebonsynonyme
succession1
solgar
master
chuvachienes
cncec
pre-ambula
proscreen
cdb
club-vulkan
mcpe-craft
vestnikmai
wimbledon-school
lb-transports
ahzhuoyuetx
studentconciergeservices
51yww
m31tech
gardeningvalue
prostitutkiyosharoly
joy
onuts
bardellrealestate
sbc33
planarity
dta1
enews34
idonline
laplateforme
scs
zenjukyo
siteplanet
citycarshare
amirainfo
limestudios
soikeotot
mcdfoodforthoughts
lwmhhj
drewnozamiastbenzyny
325web
sharepointnutsandbolts
veronaschools
barcelonatechcity
countryvillageshoppe
elegantlydressedandstylish
ideakreativa
zjei
1win-game-slots
boothype
unsortedthings
infrance
kino-on-demand
rollbusiness
emergentbydesign
taomee
online-bookmakers
earthcruiser
the-atlas
sucessosonline
budgetenergie
architoledo
chinacoalintl
estebanburgos
maverickegy
firstbyte
megapersonalnews
barrashopping
qdrama
vetbook
generadordni
canyoncourier
hep
standardlifeinvestments
banca
wenmi
sofabold
rightwinggranny
thetalkingmachines
jdmcox
geeksvgs
nytek
click21
conexiones365
pd
vetert
hlsml
s-loyaltypoints
hornyhot
chitrakaardesigns
ocia
wiredrelease
trafficnz
sedinfo
farmacievigorito
secret-style
altmd
vavada–top10
kosodate-info
themoawadfamily
vyzbrojna
iowrgfwix
viagrahow
klasforum2
siows
bespokesuitslondon
careerready
baiya3
pantyamateur
mediacloud
z8zanufejiv
inkwellpress
backbonecampaign
aspiremail
gebhaly
mintra
emetropolitan
thinkaboutit
uruu
med-crb
sapiensias
bltweb
am5
beaugrenelle-paris
drumsonsale
miyazaki-city-zoo
polarbearclub
balkantel
azrielimalls
hollywoodaurora
starfl
naturistlivingshow
xvideosave
electric-vehiclenews
vspmr
ufabetbet35
sunshineandsippycups
prostitutkiabakanashe
djistoremexico
wzadri
ener-serve
n7nopeqier
eppersons
dixie
cerodosbe
wernick
suriporjix
cardiachealth
jrockone
hill
leonvip
ryanbingham
deacampar
tearfund
testgrid
stogiezone
successagency
–
inzhukovskiy
costofsolar
madoumedia
dydacomp
ty-realestate
460host
pewna-potencja
omnikeytexas
mastereyeassociates
gearedforyou
cortezwebhosting
movie
flash-machine
sanbox
tituswilltoyota
ravenbookstore
otoaksesuar
3020
azot-shop
apollointranet
isitcanceledyet
cocmast
navidkhorasan
thewhitebuffalo
more-elektriki
bachelorstudies
palapa
onepills
hach
meetibi
unhcr-centraleurope
becomeno1
lilihabakery
columbiabusinessreport
freevideoeditingsoftwareforpc
z8zekajugod
change-diapers
focustorm
langhamhall
hgetformsplus
mesasysillas
invoices2go
srussage
tehnorama
e-thanglong
gymbk
san4u
laserskincare
forzza
co-operation
feelgrounds
theladiesfinger
indi-kurska
envisionpharmagroup
vmilf
thefirearmreport
payneseducation
dashixionghd
kidminds
ezivera
perfektmarket
twomoreweeks
tudiencau
lordfilmz
wheeloftime
roehl
harderfaster
vulkan-first-
parimatch-zerkalo
cardioleague
saf-unite
superbikenewbie
etmvalves
gy6v
sueddeustche
airtimerewards
vikingdirekt
srasjo
sistemassa
pacojet
comfy
beet
sman8malang
legcontenidos
renamepro
dinosaurpark
torontoblackfilm
savepangolins
defenswin
s-plays
liga-indonesia
tan
kiwonidc2
bfzone
piramit
pinup-in
leunumismatik
nocturne
albron
dealersocket
one-on-one
bestautoconnect
namisoft
mir-kliparta
obunny
saatzucht
ovseg
airplantsbg
spravka-za-chas
sol-et-chant
quartzcomponents
shaiftoo
vulkan-
be-stock
mycuhomeadvantage
classpoint
mailhunk
dirbg
bukmeker-company-otzyvy
tvix
vulkan-deluxe777
nssfgo
illinoishousinghelp
gidonline
darnelhost
-playfortunam7s1
pasinohotellehavre
theheartofjutland
inba-numa
mercedes-benz-london
suzuki
alpava
mirak-athletics
zuihoden
dimuadi
medspravka-chelyabinska
santerramed
vdo
formatex
tanzaniacompany
ycode
blablaland
snusi-moskva
tokaiopt
erosuks
ligions-intine
xn—–9kccne0bprbbhhecxu
avocat-schmitt
hawtuoh
apollo-lucias
phamfatale
swwtp
kino-2018
meiken-bokujou
hobbymedia
b4bikinsip
discounts75
rchomeloans
ebahot
baytothebest
mjayphotography
edarito
pwnable
idiq
steel
prostitutkimurmanskalast
polikarbonates
dixiestampede
seckeyboard
abject
apexanalog
portlandartmuseum
pinebridgemail
jir
rjbdsm
ninomiyasports
-na-dengi
yawataya
rivadeneyrait
drkrp
ilikona
natmovable
alsiasbot
fogaz
kuldiga
igratnadengi
goodeats
neftegazpto
dirtyindianvideos
bonus
firesports
vertentes
wondercise
uninow
prostitutkibelorechenskadosug
dnscloudgateway
xthot
prostitutkisamarydeep
dialog-ueber-deutschland
silivri
dmsmain
360converter
makemathmoments
ptwk
ntumatch
optionshouse
omervanderghinste
prijedordanas
mmuseumm
uzkm
b2bclothing
naesb
bridgemastersinc
mipymehost
gipelastik
romaniaportwelfarecommittee
businessfeed
qpr
kdd
harveymaps
azino777-zerkalo-mobile5
prostitutkitaganrogacasa
excess-baggage
online-aussie-
lima-assessoria
mia-moebel
rhinoinfosys
pfaintern
premiercarriage
rainforestconcern
mplx
strongsib
esoftwareshop
marseilleinc
motorsportoils
bepmarine
interlir
noisefromamerika
preciousgemsurfaces
vips8
admin-rs-mcas
zakisnice
yellowdonkey
ldninjas
dplmaker
computerscienceprogrammer
diplomi-moskva
haciendatresrios
vrk
rtssg
artplus
barcelonalinks
wallick
yloops
rublev-museum
voordeligvoorjou
streetlife
snapfrozen
dclm
foodnutritionchart
dtls
playfortunap42t
runireland
schmerztherapie-palliativmedizin
capitalvia
moezdo
choangvip
xpert
worldsnowboardguide
parimatch-official
virusclean
pmief
nejlevnejsi-sedaci-vaky
greenworld
zerozendesign
t-links
theoldergamers
mp3
databasil
fostermusic
kzjsxy
virtuesproject
qwary
autoteile-post
essaymania
dymb
grindinggay
fullspectrum
play777free
dearculturepod
vulkan-grand-
confapifvg
arch
ickoo
bungystudios
epicenternotary
lakadpilipinas
tekmarkgroup
thomasridley
lj-boliger
creativesware
cbt-trainings
bakraonline
qvilon
aku
sansirostadium
cnsq
hzcourse
thebestofpanamacitybeach
spauldinginjurylaw
webrizdns
fccmg
dwd
technstakz
muslimtravelgirl
wishongolf
icbcmoscow
uggoutletonline
focuser
c58
stayalfred
maileva
vladhleb
eaiportal
webhostingspace
teko-shop
fixit-service
riobet-cash-
bournemouthair
5fsoftware
quineproxhydroxychloroquine
mebel-vek
trahtv
platformsandladders
vectorwebhosting
brainstormsandraves
rstforums
war24
bbvaopen4u
checkfirstlist
filmm
premiumcustomboxes
presidence
whispersalt
cydiageeks
tokyofotoawards
gamefreefun
programateapuesto
quizph
consensusornot
justicetrax
lw57
ospreycatering
kf24
danklite
wavarts
sc2links
squarekicker
qxhgh
gochal
cprzd
saddlebackfamily
russia-
ttmcommunicatie
p7ploxek
lucid-energy
btstoreonline
leonbets-official18
lacannabisnews
rallymexico
sivph
m1cdn
beyondscript
itactiq
ecardnaija
yumemi
tpjnameserver2
wakatobi
chibird
dogbarkparkinn
ketoanleanh
bayraksepeti
hora
vsz
speedsportlife
snippidecorators
sga-bms
kvartakg
centerclick
esec-experts
microsoft365blogs
theresidence
lapizmoon
patefon
liefond
lemonadeteens
aida-lounge
1000-o
aims
alcopulya996
mywifiexthelp
servmkv
mytie
visitrauland
channuoivietnam
flzyfw
xn--80adtqrdo0b
alfagtv
caddmanager
chinex
amtek
-million-gold
dancecentral
viagrasildenafilotc
windefens
colettechopot
refugerestrooms
libre
georg-godorr
7549
volgograd-indi
solarelectricityhandbook
mtss
happygam3z
ccw13
medex
santanderus
myrtlebeachscrestaurants
peers
eyesandmore
anws
hdonlayn
tramalicante
comparewise
opsai
optiontradingpedia
citicenter
myemutabakat
tiptop
daichi
mygonews
tingexamples
tcoffice
therestrx
theintegrativeperspective
amug
vigrx
jessecook
haighousingtrust
flarerpg
athleterecipe
molily
celebtiptop
careergappers
123kino
mc4u
staffs-wildlife
cristal-palaces
puhleshoz
bestfilma
nameexperts
winsysteminfo
beifangds
top
2317
bregvision
greenland-guide
automedik
azinno10
greenwellnesslife
mgt-neofin
gtmotor
gravityonline
aardvarkwriting
o-go
listurbusiness
pitpad
urbanistarchitecture
shopvdarahotel
pfasproject
vione
ants-medical
pack-land
cipralex
bjerkedalen
gtechmonitor
decibel
nationalahec
emigrantz
ketodiet
convergepoint
novour
neutronbytes
apna
loaddy
rubooks
wikitiap
gorillavid
chira2
vocsite
avtokran29
figma
cheetahisthenewblack
press-ing
livbaylash
bigbrother
knoxvillemarketsquare
freest
fanserials
chcheli
registrar
hindiwebstory
mdalcc5
mymirknig
nationalservice
vankampen
iphonearena
ce9e
theheartlessbastards
duynguyenmkt
dentalmedia
originall-diplomm
friprogramvarusyndikatet
cab-acr
syracuseinprint
wrttn
paleospirit
greenaction-japan
seedparade
maidbright
brafasco
wulkan-pobeda
lanscape
exbii
i-estream
quickq
jqyou
srihemainfotech
eauxclaires
artsbeatla
prostitutkivoronezhaxx
flaglersheriff
dataelec
berich
endocrinologynetwork
babechannels
kidsinparks
codestates
ampi
adminfa
zhcaimao
getaccuweather
delicasa
ibao
sjxyx
polemyque
chad-service
vikbazar
gpx-pc
tegu
handymarktplatz
picscout
bridgestoprosperity
scorekompass
datingstyle
amtc
esim
vavadatop
ufcgroup
rpnmotorsports
vfulup
ecoparent
streaming-animes
bonifratrzy
masshealth-dental
deliverymedia
domdvordorogi
creadream
beecial
al-mahara
atout-precocite
pwcf
zinovievs
byshaping
idmanxeber
reliablesever
waterlifeaquarium
kildarevillage
butik-liva
the-tornados
grover
prostitutkiarhangelskasee
bzpills
futami
hmapdirectionshomes
rishikeshyogaassociation
ebtekar
storyzoone
nanopharma-ye
monolit-holding
dfn
efferart
bences
rutubeinfo
mallcomm
streamcloud-de
matotech
realmckenzies
furniture7
retrofuturism
top-2
vollmer-group
vse-seryaly
meal4u
needworld
3605188
devikins
umhlobowenenefm
qjcmail
geocon
coasthosting
ridgecrest-ca
dyzh
scmwartung
danielfoley
debitcard
ifpa-pso
vulkan-russia-site
rightathometx
festivaldecarcassonne
missionbayrvresort
operaontap
guachipelin
mayphaykhoacnc
mysunlife
lokuno
bcbanzou
jkpmediana
es-rs
houstonacrylic
starlegends
adsheavy
gna-media
shango-learn
stavto
ehabitat
djsur-star
novgorod-kredits
tvnamu
raschet
ecav
saludpanama
sgames
jasonevanish
znoo
qsjrueducation
aiming-inc
mythirtyone
p6pozermo
lolfootball
lite-betwin188
ugg-outlets
stoboi
gts4b
genbusa
admindominios
tourismregina
strangeparts
azamara
uklotto
ncertguru
satinballroom
opti24
ufone
alpynbeauty
valleycom
tf2outpost
balharbourflorida
quickflashlight
mskzakis
elcielorestaurant
millseloge
voomnet
medipiel
wocs3
rotterdamseschouwburg
genericcialis40mgpills
tsunami
organicpharmacy24
nicobronipago
nijhoom
campoint
xn--72czfmb3dzco7ap5c7i2ce
iww
sociedadgeologica
ipmart
slvtechnologies
pinup–games13
adtv
materdesign
usgfoundries
sycb
playbest99
beratwetan
f1networks
online-eldorado-cazino
gemma
dopccfh
cleverelephant
baystreet
masterani
1xslots-ct
sbrcurnet
mgabogada
cardioserver
teamamerica
luarsekolah
avonturiashop
h0hujinir
cataractsallydeserves
mostbet-bonuses
ofppt-langues
mother
animekiduniya
mushroomthejournal
familysharesite
forgital
thudam
ebuland
6dekoloki
nordspirit
hideawayholidays
legalgeek
pharmabergen
xn—-8sbacddqgbpn3dhdvg
happytripsolutions
xueyi187
cuatroochenta
chiicomi
tiga
dalisayrecovery
zakis-azota-moskva
theoklahomaeagle
bbhc
strollerboards
offgroup
kawagoematsuri
digitalteamworkblogger
smurfik
dsqwew
legionxxiv
www-azino
buf
vavada555
commerciumit
morningstarmusic
councilbluffsiowa
etron
forsyths
business-startpage
pemedia
zinasing4peacefitness
apuesta247
magicstyleshop
legal-support
knabis
floorcarekits
garma-sard
i52iaannrtyu
menschclutch
bestsingletravel
yaohuo
hallocanarischeeilanden
wallls
superfoodprofiles
annabode
play-fortuna-slot61oa
qzap
wulkan-bro
lege-capferret
po-ushi
annarborartcenter
411eat
aiqc
universalgiving
bdvalet
studentprivacymatters
gov-expertiza
dismal
united-gameserver
maezawa-k
rainfall
hloroquine
quiethut
topone
corbuspharma
stylessencej
malcolmhollis
996co
dfcast
getstdtesting
custompaperswritinghelp
prostitutkinovorossiyskaafter
davidniblack
canadianpharmacysts
interpress
nhisac
bigslotsusa
zlatararubin
vslines
365dog
agoramkt
rochkirstin
vectos
lhps
drhesabi14
nike-jordan
webmasterakademi
sanfrancisco
actionfraud
gohafilm
dgsys
labrys
outoftheboxcards
art-spire
prosmotr
amerits
e-l
kingsegisemb
hitachi-automotive
lordfilmhd
cardiffchimneysweeps
moderntrousseau
daihatsu-drivers
whitephotoschool
smarteducatorph
sunobiapp
cmcmilling
amul
isannointiliitto
realcozy
riitek
popicon
prostitutkibereznikidosug
youxx
ganjaseeds
viralgyan
bikeshops
lead-channel
wanwushuo
ughostinggurus
probacc
moviebloc
levelingsolomanga
spinalresearch
rentalcarsconnect
widemind
upco
kaoyansky
evromobil2022
phoenixfed
mojatumedia
myfitnesshub
pantene
hhmoli
muhanbooth
imagini
chalk-line
lanoxo
zakis-azot
conduit-banners
stormnet
chibajets
fresh-kasino
kreisblatt
sinovatec
coventmarket
bazar
whaitang
allstocks
expertmc
grezhost
vulcan-million
fromgrandma
clairification
prizeshub
kidsweb
rxhost
finvi
azotspace-msk
na5
worldnews16
eternels-eclairs
vividas
habito1
fsnhqjjs
liwc
discreetvision
gtcountymi
baushop
monitorlongisland
prostitutkiulyanovskastop
hoistfinance
netmusplay
incentloyalty
englandlux
sosyalmedyahaber
oyonale
simatek-bulk
xszqjy
frihedslisten
moneyshoppeco
mannysdeli
incentivenetworks2
izdaiknigu
nutritionofshape
ushdgsuqwix
christopherleeweb
slotyargo
eastwindlongisland
matchingsearch
riffx
beyond-tattoos
thefrenchmanor
yolda
damunsabt
ideasbusiness
kirenga-smi
boxofficeiran
spnut
kashimayari
typlog
jstandardization
seaslugteam
mzakaria
zoloftsrtl
socnet
wicrack
parcdesbauges
trendiem
official-sol-kasino
quizhub
bestmuzon
stowawaycosmetics
gvetsoft
ncpress
bhagavadgitapdf
crossinternet
kboplus
lysafree
oggfg
ponsonbynews
lavasoft
wcsmith
finishlineperformance
vidyaedify
kazefuris
bachmann-scher
formationsoaciq
dcatholic
coppertubes
99x
katamanalagi
landlordselfhelp
-7777
vyzecoy
risingappalachia
bluestation
myholycloud
snus-apl
taris
morozovawedding
pratical
-free-slots
hundetegnene
nfhtyexcellent
verder-online
smr-khj
findlayhonda
rankerweb104
mlc
earthsummit2012
chshartford
filmeoxnxx
picproje
agenciaarthes
buyviagra2021
gesundheit-nordhessen
mousecity
rwk
pdhost
natacs
profobzor
theriggerspen
quiltersreview
allpromsnab
koncertpianist
wallpaperwoo
kharkovbesedka
jaue-multi
efiservers
fembad
connecttocart
frauenoutfits
waw
dak
theatreview
energy4life
pworlando
weibin
iterlegal
adsrv
motion-meets-emotions
best-books-for-kids
atsstats
datishost
azino777-za-regu-bonus2
itarena
softwoods
prathamusa
ridemission
school
heelo
themixgroup
-official-azino777
florame
otasteandseeblog
auto-karta-hrvatske
gaziantepgunes
dns-gsinet
trazodone
parkbank
gyfoundation
fatty15
provisionhealthcare
zabavnik
vanderveergames
cyanatrendland
bestprices
lgtwins
bit
presse-premium
work
amgroup
myojoyas
yzxsdq
vancouverusa
mountainshuttle
bebees
luckypharmusa
didmedia
facultyoffice
shopwashingtonsquare
holidaycoro
solutionfocused
squareoffbots
lalaport
miniajax
asociatec
spikex
shshenfei
martinsen
