InternetArray Provides Strategic Update -- Company Expands Focus on Social Media Market
On Tuesday June 9, 2009, 9:28 am EDT
Buzz up! Print NEW YORK, NY--(MARKET WIRE)--Jun 9, 2009 -- InternetArray, Inc., (Other OTC:INAR.PK - News), is pleased to provide this strategic update charting the company's progress since its launch in October 2008. InternetArray's initial transaction was the acquisition of a significant interest in Noobis, Inc., a dynamic Social Media applications development company.
Noobis, Inc., now the center of our corporate building strategy, has continued to expand its Social Media offerings with several released applications utilized by MySpace and Facebook users and two stand-alone social media web-based projects, Amplify and SocialVoter.com. Amplify, in partnership with HungerHunt.com, set a fundraising record for the Buffalo City Mission in its "Feed the Hungry" campaign and was a finalist for the "Best Online" Beta awards conducted by InfoTech Niagara in March 2009. More detailed information on each of the Noobis applications and projects are viewable at www.noobis.com.
InternetArray has continued to augment the Noobis presence in the Social Media market by seeking additional product and company acquisitions, and last month acquired BidSellBuy.com, an on-line auction and web-based shopping network. BidSellBuy.com, when released later this summer, will harness the power of social networking targeting the more than 200 million users of social media sites.
InternetArray expanded its focus on the Social Media market due to the market's fast-paced acceptance and dynamic growth. The latest figures show time spent on social networks has almost doubled over the past year. According to Nielsen Online, which measures web traffic, the time spent on social networks in the United States rose 83 percent in April over the same month last year.
About InternetArray, Inc. (www.internetarray.com)
InternetArray, Inc. provides guidance and investment for innovative, early stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.
About Noobis, Inc. (www.noobis.com)
Noobis, Inc. develops and integrates social media applications and networks. In addition to building its own Internet assets and technologies, Noobis works with clients and partners to leverage the emerging social media marketplace.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
Contact:
Contact:
Michael Black
410-212-8487
contact@internetarray.com
AI
