NEW YORK, Oct. 1, 2013
/PRNewswire/ -- Kiwibox.com [KIWB.OTC] - Kiwibox and its
German subsidiary KWICK! report a significant surge in their
network usage. This major increase in membership and usage is a
result of the Company's intensified focus on recent marketing
efforts within local event strategies and promotional activities.
Current network registrations exceed 100,000 new members per month
and continue to climb daily. Recent internal reports show that the
Kiwibox and KWICK! network registrations have increased
dramatically by 200%. The network also continues to see solid
growth in mobile usage which has soared from 200M Pageviews in
(Q3/2012) to 300M Pageviews in (Q3/2013). Network usage has boosted
income from mobile advertising by over 300% since Q1 and continues
to rise. With 1/3 of the entire Kiwibox and KWICK! network logging
in via their mobile devices, the Company has continued to follow
the mobile trend and recently released new iphone and android apps
with enhanced nightlife event features like Event Submissions,
Friends Around and Event galleries.
The recent tandem of positive developments in mobile advertising
revenue and network registrations, combined with reductions in
expenditures appear increasingly promising for the future of the
Kiwibox and KWICK! community and shareholders. Kiwibox CEO,
Andre Scholz, observed, "Together
with Anke Schmid, CEO of KWICK!, our
German subsidiary, the integration was finalized in Q2 and the
corresponding cuts in our operating expenses has enabled Kiwibox to
save over $600,000 USD in the first
months of 2013, as compared to the months results for 2012.
Together with our recent Acquisition of interscholz Internet
Services GmbH Co. KG we will have more potential to optimize
internal procedures for faster development and technical
scalability for further growth. Having our own internet service
provider with an international capacity provides the Kiwibox
Network with all necessary infrastructure to grow in an optimal way
while keeping costs under control."
Both Kiwibox and KWICK! are in a unique position that combines
the excitement of a dating community with the benefits and
accessibility of a real social network. The Kiwibox network
encourages members to explore local events in their area, connect
with other members and enjoy the additional member exclusive
benefits the social network has to offer.
About Kiwibox.com: Company History
Kiwibox.com was 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, Kiwibox was acquired by Magnitude
Information Systems, Inc., a publicly listed company. In the first
quarter of 2011, Kiwibox acquired Pixunity.de and, six months
later, Kiwibox.com successfully released an English language
version for the US-market, www.pixunity.com. On September 31st, 2011 Kiwibox.com acquired the
German social network community Kwick! and finalized the
acquisition in May 2012. Combined,
both social networks count approximately 2,000,000 active members
who take advantage of our 100% free blogging, live-streaming, and
chat room platform. Recently, Kiwibox's German subsidiary, KWICK!,
acquired the internet service provider, Interscholz Internet
Services GmbH Co. KG, also based in Germany, which has been providing
international internet services to businesses and high-traffic
customers since 1996. Kiwibox common shares are listed on the
over-the-counter, Bulletin Board market under the symbol KIWB.OB.
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, its ability to expand its membership, users
and internet brand and its projected financial results. 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
