Published:
Kiwibox Launches Mobile Version of Web Site
NEW YORK, June 30 /PRNewswire/ -- Magnitude Information Systems, Inc.
("Magnitude") (OTC Bulletin Board: MAGY) disclosed today the following
developments concerning Kiwibox.com, its primary business unit.
Kiwibox (http://Kiwibox.com), the first social networking destination and
online magazine where teens produce, discover, and share content while
connecting with friends, today announced the launch of a new WAP service
designed to expand their online community to mobile users. WAP, or wireless
application protocol, is an open international standard for applications that
use wireless communication to enable access to the Internet from a mobile
phone or PDA.
The extension into the mobile market will allow Kiwibox's 1.8 million teen
users the flexibility to communicate on-the-go. Kiwibox's WAP site will
translate the innovative social networking features currently found on the Web
site to the mobile handset.
"Our users have come to expect immediate accessibility to social networks
and mobile handsets are becoming lifelines to teenagers as a means of staying
in touch with their friends," said Lin Dai, Chief Executive Officer of
Kiwibox. "With the addition of this WAP site, we've effectively cut the cord
that previously restricted users to their desktops and given teens the chance
to constantly stay in touch with their friends on Kiwibox, regardless of their
location."
Kiwibox partnered with Quattro Wireless to mobilize the existing
Kiwibox.com Web site. Using Quattro's Juicing technology, the site content
rapidly develops into a dynamic format suited to a mobile presence with the
layout and intuitive navigation specifically adapted for all types of
handsets. This creates sophisticated new opportunities for advertisers,
including special banner creatives and channel sponsorships. In addition to
Kiwibox, Quattro powers hundreds of other mobile sites for a variety of top
tier media brands and content companies.
"Our mission at Quattro Wireless is to bring a rich internet experience
that is adapted effectively for the mobile handset," said Lars Albright, Vice
President of Business Development of Quattro Wireless. "Social networks are
one of the fastest rising segments of the Internet today, and through our
partnership with Kiwibox.com we are truly harnessing the power of social media
by making it mobile. As this industry continues to evolve, we see more and
more companies going mobile as a way to significantly enhance their users'
experience while adding additional revenue streams."
The marriage of social networks and mobile technology is rapidly gaining
the attention of industry experts who advocate and applaud this market
innovation.
"Social networks have progressed to a point where users require constant
communication capabilities," said Julien Theys, a research analyst for Screen
Digest's Mobile Media Intelligence team. "The future of social media will rely
on software and services that allows a user to continually interact and
contribute to social networks on-the-go. Based on our research, the
marketplace is welcoming more mobile access and flexibility in how they choose
to interact with their peers."
About Kiwibox.com
Founded in 1999, Kiwibox.com is the first social networking destination
and online magazine where teens produce, discover, and share content while
making friends. Our members (called Kiwis) are teens "in the know" who
regularly visit Kiwibox.com to enjoy personalized content while sharing their
interests with peers. With more than 1.8 million registered members, Kiwibox
is one of the leading distribution and marketing channels to connect
advertisers with the highly sought after teen audience, in a controlled and
interactive environment. For more information, visit http://Kiwibox.com .
About Quattro Wireless
Quattro Wireless isNorth America's best performing mobile advertising
network, specializing in taking wired assets to the wireless world. With the
industry's only pre- and post-click technology platform, Quattro provides
category leading Publishers and Premium branded advertisers with a turnkey
solution to extend their internet offering to the mobile web. Publishers
leverage Quattro's proprietary mobilization technology and interactive feature
set to launch dynamic, ad supported mobile web versions of their wired web
sites. For more information, please visit http://www.quattrowireless.com or
call Deirdre Sena / Valerie Christopherson at 906.608.0276.
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. Potential factors that could impact results include the
general economic conditions in different countries around the world,
fluctuations in global equity and fixed income markets, exchange rates, rating
agency actions, resolution of pending regulatory investigations and related
issues, including those related to compensation arrangements with
underwriters, pension funding, ultimate paid claims may be different from
actuarial estimates and actuarial estimates may change over time, changes in
technology and internet developments, commercial property and casualty markets
and commercial premium rates, the competitive environment, the actual costs of
resolution of contingent liabilities and other loss contingencies, and the
heightened level of potential errors and omissions liability arising from
placements of complex policies and sophisticated reinsurance arrangements in
an insurance market in which insurer reserves are under pressure. Further
information, concerning the Company and its business, including factors that
potentially could materially affect the Company's financial results, is
contained in the Company's filings with the Securities and Exchange
Commission.
SOURCE Kiwibox
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