NEW YORK, July 28, 2014 /PRNewswire/ -- Kiwibox.com
["Kiwibox" - KIWB.OB] is pleased to announce the
activity and user development in the second quarter ended June
30, 2014.
SECOND QUARTER
OPERATIONAL HIGHLIGHTS OF
KIWIBOX GROUP
- Active Members – 2.87 Mio as of June 30, 2014, an increase of 7.2 % yoy.
- New Registrations – 235,596 in 2nd quarter
2014, an increase of 42.3 % over the year earlier period.
- Unique Visitors – 4.38 Mio in 2nd quarter
2014, an increase of 1.2 % over the year earlier period.
- Page Impressions – 511.4 Mio in 2nd quarter
2014, an increase of 2.8 % over the year earlier period.
- Guestbook Entries – 35.9 Mio as of
June 30, 2014, an increase of 4.2 %
yoy.
- Blog Entries – 35.3 Mio as of June 30, 2014, an increase of 1.2 % yoy.
"Based on our local user event presence, the user benefit
strategy and the focus on regular mobile App updates, the Kiwibox
network was able to follow the trend of user sign-ups and to keep
the users bound to the community" said Andre Scholz, CEO and President of Kiwibox.
"Thanks to our long-time experience with the KWICK! Community based
in Germany, we were able to
fulfill the front-end and back-end needs for this remarkable
growth!"
Kiwibox.com expects to report its second quarter 2014 financial
results on August 15th, 2014.
Market Position
The Kiwibox Network is in a unique position because it 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 is offering.
Technology Development
The Kiwibox network is focusing on the fast growing mobile
usage. At present, more than 500,000 company Apps are installed in
the market. Kiwibox plans to release various monthly updates for
its existing Apps and another two new mobile Apps by the end of the
year. The company plans to integrate in-App shopping to be less
dependent on the advertisement market.
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
the first quarter of 2011, Kiwibox.com acquired Pixunity.de a photo
blogging community. On September 30,
2011 Kiwibox.com acquired the German social network
community KWICK!, finalizing the acquisition in May 2012 and currently our German affiliate.
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, Inc.
