TagLikeMe Corp.'s Planned News Product Introduction Seen As Step Toward Major Revenue Opportunities
LONDON, Oct. 16, 2012 /PRNewswire/ -- TagLikeMe Corp.'s ("TagLikeMe" or "the Company") (OTCQB:TAGG, Frankfurt M6C1; WKN A1JZ03), plans to introduce a new, socially enabled news product to be integrated with its social search and sharing platform TagLikeMe.com, are revealing what management believes is a direct path to significant revenue opportunities for the Company.
TagLikeMe.com is a new, shared social information network that allows individuals or groups to search, tag (or bookmark) and share all forms of digital content 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.
The Company's planned news product, which could allow individuals to monitor, interact with and even shape the publishing of news and trending information, is expected to be the first of its kind in the social media space.
"What TagLikeMe plans to bring to the news arena is something very different and potentially very, very lucrative," states Richard Elliot-Square, President and CEO of TagLikeMe Corp. "Our core product is meant to bring people together over searching and sharing. It's a logical next step to share what you find with a much bigger audience – namely the world. We have envisioned a new kind of socially integrated news service; one that is influenced by and indexed to what news people want indexed to social relevance."
"Imagine an instant visual blog, where you could scan images from hundreds of trending stories and then select items of interest to receive all relevant information – blogs, videos, social media and search engine data – all at once. That's a tremendously powerful thing."
"We are convinced that the news and publishing product can become one of the Company's major revenue sources," adds Elliot-Square. "It can be monetized simply through the use of advertising space – even incorporating simple conventional concepts such as Google adwords, which would work perfectly in this framework."
Several leading web social properties have recently announced paid sponsorship for news publishing within sites as a means of developing revenue. Facebook already sells news advertising and just announced sponsored ads in Facebook newsfeeds.
Management expects to announce the introduction of the news product for both TagLikeMe.com and in mobile app versions of TagLikeMe, which are emerging on all three mobile platforms in Q4 2012.
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.
Cautionary 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.
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