Social Search And Share Site TagLikeMe Attracts Over 200,000 Unique Visits In Four Weeks, Drawing Comparison To Social Media Phenomenon Pinterest
LONDON, Oct. 4, 2012 /PRNewswire/ -- TagLikeMe Corp. ("TagLikeMe" or "the Company") (OTCQB:TAGG), a social media development company, has received over 200,000 unique views to its new social search and share website TagLikeMe.com in a trial lasting four weeks. The exceptional trial results are leading to comparisons between TagLikeMe.com and the rising social interest phenomenon Pinterest.
In the trial, new viewers were exposed to the TagLikeMe.com interface and presented with an opportunity to search and share any subject, term or topic of interest. The trial generated over 200,000 unique visitors as reported by third party and Google analytics for the site. The trial provided an exceptional return visitor rate of 12% compared to the industry standard of between 2% and 3% for this type of social property. The trial also revealed an on-site viewing average time of 2.5 minutes per user, considered by the industry to be "very sticky" in terms of viewer interest and engagement. Both of these factors are play a critical role in the ultimate valuation of the property.
Pinterest is a social media destination launched in 2008 to provide a means to 'pin" shared interest to a common 'pinboard' or shared digital clipboard. It has grown over the last two years from a virtual unknown website shared by stay-at-home moms and hobbyist to become a mainstream destination among social media sites with over 270 million monthly views, beating competitor StumbleUpon for referrals. It has quickly moved in its market value to an estimated $1.5 billion market cap. Its valuation, provided by Tech Crunch, is based on the growing audience and user stickiness.
The social media market place has emerged over the past three years to become the driving force behind the growth of the new Internet economy. According to analysts Gartner group, this segment is projected to grow to $16 billion by 2014. Top categories for growth include social sharing and shared networks such as TagLikeMe.com.
TagLikeMe.com functions very much like Pinterest since it is part of the new generation of Shared Information Networks. A shared social information network allows individuals or groups to search, tag (or bookmark) and share all digital content. This similar functionality and high user adoption rate in the trial have lead to direct comparisons to Pinterest and its ability to attract a large audience over a very short timeline.
The distinct advantage of the TagLikeMe.com platform is its powerful search capability, which harnesses the search engines of Google®, Bing® and Yahoo! Search!, along with the capacity to cross-reference against information from major social sharing sites including Facebook™, Twitter™ and YouTube.
In addition, users of TagLikeMe.com can share all information privately or publicly using cloud based technology. Its next-generation search and share technology has powerful features for collaborating search and sharing all online digital content from a single location.
About TagLikeMe Corp.
TagLikeMe Corp. owns and operates TagLikeMe.com, an Internet services platform that combines the most commonly used functions of search and social media interaction in one destination. TagLikeMe.com allows individuals to search the Internet by using the top three search engines of Yahoo™, Bing™ and Google™, in addition to viewing related activities from popular social media based sites such as Facebook™, YouTube™, Twitter™ and Wikipedia ™ in a single search inquiry. It also gives searchers the opportunity to connect, chat and share with others worldwide that might be searching similar topics. This adds a much-needed human element to search and online social interaction.
For more information see www.TagLikeMeCorp.com.
Statement Regarding Forward-Looking Information
This press release may contain certain "forward-looking statements" relating to the business of TagLikeMe Corp.. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the advantages of TagLikeMe's products and services, anticipated advantages resulting from the merger, whether funding anticipated from completing the merger will result,, successful completion and development of the social media component of the business and its market acceptance, the business strategy, plans and objectives of the Company and TagLikeMe Corp.; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects", "intended" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results and ultimate corporate actions could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the perception of investors of the newly merged company and their willingness to fund this newly public company, the demand for a social media site and viability of it for advertising, new products and services developed by other companies, market share garnered by competitors, ability to maintain customer and vendor relationships, and those factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov), among other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE TagLikeMe Corp.