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Kiwibox - Photo Community Pixunity Enters Russian, Chinese and Indian Speaking Markets
NEW YORK, Aug. 27, 2012 /PRNewswire/ -- Kiwibox.com Inc. (OTCBB: KIWB) is proud to announce photo blogging community Pixunity is continuing on its path of platform development by expanding its unique offering of creating custom/ sharable photo albums into the Indian, Russian and Chinese markets. Pixunity's Hindi version can be found at http://www.Pixunity.in, with its Russian counterpart available at http://www.fotoyedinstvo.com and its Chinese version at http://www.chinesepix.com.
Global photo sharing trends continue to emphasize that social media and sharing have become an integral part of the global technology lifestyle. According to current reports, over 250 million photos are uploaded daily to social media, and given expanded internet usage this photo sharing number is only going to increase. As of the beginning of 2012, China had 513 million internet users compared to Germany's 67 million and India's 121 million. On average, Chinese social media usage revolves around maintaining friendships and reposting user-generated content.
In addition to the Pixunity platforms for the German, English and Spanish markets, Kiwibox believes that this great step in language extension is important for its international and social development. Entering Russian, Indian and Chinese speaking markets will create growth in both network usage frequency and potential user base.
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, http://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.
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, and its ability to expand its membership, users and internet brand. 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
Kiwibox.com
CONTACT: Andre Scholz, +1-212-239-8210, ascholz@kiwiboxinc.com
Web Site: http://www.pixunity.com
Kiwibox - Photo Community Pixunity Enters Russian, Chinese and Indian Speaking Markets
NEW YORK, Aug. 27, 2012 /PRNewswire/ -- Kiwibox.com Inc. (OTCBB: KIWB) is proud to announce photo blogging community Pixunity is continuing on its path of platform development by expanding its unique offering of creating custom/ sharable photo albums into the Indian, Russian and Chinese markets. Pixunity's Hindi version can be found at http://www.Pixunity.in, with its Russian counterpart available at http://www.fotoyedinstvo.com and its Chinese version at http://www.chinesepix.com.
Global photo sharing trends continue to emphasize that social media and sharing have become an integral part of the global technology lifestyle. According to current reports, over 250 million photos are uploaded daily to social media, and given expanded internet usage this photo sharing number is only going to increase. As of the beginning of 2012, China had 513 million internet users compared to Germany's 67 million and India's 121 million. On average, Chinese social media usage revolves around maintaining friendships and reposting user-generated content.
In addition to the Pixunity platforms for the German, English and Spanish markets, Kiwibox believes that this great step in language extension is important for its international and social development. Entering Russian, Indian and Chinese speaking markets will create growth in both network usage frequency and potential user base.
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, http://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.
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, and its ability to expand its membership, users and internet brand. 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
Kiwibox.com
CONTACT: Andre Scholz, +1-212-239-8210, ascholz@kiwiboxinc.com
Web Site: http://www.pixunity.com