NEWS ALERT #2: Kiwibox Network crosses 17 million Unique Visitors (comScore)
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Kiwibox is a wholly owned subsidiary of Magnitude Information Systems, which trades over-the-counter on the bulletin board under the symbol MAGY. Kiwibox owns and operates Kiwibox.com, a leading destination site for teenagers that boasts a membership of 2,400,000 teens and receives 1,250,000 unique visitors per month. Unlike traditional social networking sites such as MySpace and Facebook, Kiwibox has combined "magazine" content and social networking in a site that is extremely sticky and attractive to teenagers. Furthermore, because Kiwibox weekly magazine content is edited and posted only after editorial approval, Kiwibox provides advertisers with a superior, worry-free advertising platform. Kiwibox has made great strides recently, with the release of its 2.0 website and a WAP site geared specifically for mobile devices; this progress has resulted in a dramatic acceleration in new user adoption that bodes very well for the future. We expect Kiwibox to continue its successes with strong user growth and rapidly increasing revenues in 2009 and beyond.
The Kiwibox Network presents a new way to advertise to teens on youth-safe sites. The network is anchored by online magazine and social network site Kiwibox.com. The Kiwibox Teen Network is comprised of 80+ sites spanning a wide variety of teen interests, while allowing integrated campaigns that bring teen consumers in touch with high quality brands, across the web, mobile web and SMS. The Kiwibox Teen network entertains over 17.7 million unique visitors, and serves over 500 million ad impressions per month.
