NEW YORK, March 12, 2013 /PRNewswire/ -- Kiwibox.com
[KIWB.OTC] The Kiwibox network is proud to announce a partnership
for its growing mobile advertising space on both its social
networking platforms KWICK.DE and KIWIBOX.COM to monetize the shift
to this growing mobile usage. In partnering with Stroer Interactive
GmbH, one of the leading independent online marketing companies in
Germany, the Kiwibox network is
projected to earn annual revenues of $150,000 from this partnership over the next 12
months. In preparation, Kiwibox modified its mobile applications
over multiple platforms during the last quarter to accommodate for
location and target-group based advertising without disrupting our
members' "one thumb" mobile navigation.
With the increasing migration to mobile, 40% of all members
log-in to Kiwibox and Kwick via their mobile devices and we fully
expect this mobile log-in rate to increase. Based on these numbers
and our new partnership we expect advertising revenue to increase
by 2000%.
About Kiwibox.com: Company History
Kiwibox.com was initially founded in 1999 to give teenagers a
voice on the Internet and was a leader in the teen oriented world
for several years. In August 2007, the company was bought by
Magnitude Information Systems, Inc., a publicly listed company. In
2008, the company launched a new version, Kiwibox 2.0 and
in October 2009 the company launched Kiwibox 3.0,
shifting its audience focus from teenagers to young adults.
On December 31, 2009, Kiwibox Media Inc. merged with Magnitude
Information Systems and changed its name to Kiwibox.com, Inc.,
the New York-based social network. In the first quarter of
2011, Kiwibox.com acquired Pixunity.de, half a year later
Kiwibox.com successfully released an English-Version for the
US-market, www.pixunity.com. On September 31st, 2011 Kiwibox.com acquired the
German social network community Kwick! and finalized the
acquisition in May 2012. KWICK!'s
functionality mirrors that of Kiwibox.com, and maintains an
activity rate of more than 2 billion page impressions a month. In
the 2nd Quarter 2012, Kiwibox.com announced the Spanish versions of
its social network platforms kiwibox.com and Kwick.de. Kiwibox
common shares are listed on the over-the-counter, Bulletin Board
market under the symbol KIWB.OB.
This press release contains certain statements relating to
future results, which are forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from either historical or anticipated results, depending on a
variety of factors, which include but are not limited to,
statements regarding the company's potential acquisitions, its
ability to obtain financing for these acquisitions, its ability to
integrate any acquisition into its business and operations and
manage such processes, its ability to expand its membership, users
and internet brand and its projected financial results. The
company's actual results could differ materially from those
predicted or implied and reported results should not be considered
as an indication of future performance. Factors that could cause or
contribute to such differences include, but are not limited to: the
after effects of the global economic downturn, changes in
political, business and economic conditions, including any
conditions that affect ecommerce growth; fluctuations in foreign
currency exchange rates; the company's ability to deal with the
increasingly competitive ecommerce environment, including
competition for its targeted internet audiences, potential
advertisers and, in general, from other social networks; the
company's need and ability to manage other regulatory, tax and
litigation risks as its services become offered in more
jurisdictions and applicable laws become more restrictive; any
changes the company may make to its market approach and offerings;
the company's ability to upgrade and develop its systems,
infrastructure and user-member service capabilities at reasonable
cost; and the company's ability to maintain site stability and
performance on its site while adding new products and features in a
timely fashion. The forward-looking statements in this release do
not include the potential impact of any acquisitions or
divestitures that may be announced and/or completed after the date
hereof.
SOURCE Kiwibox.com
