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All Press Releases for August 2, 2002 Subscribe to this News Feed    
 

Advice Site Takes On Industry Goliaths

Upkamp Investments, a privately held Virginia corporation, announced today that it is entering the competitive online advice marketplace with its new venture HelpSpot.net. The new site will function as an online advice brokerage service, allowing individuals to connect anonymously with others to both offer and seek advice on a wide variety of topics.

Upkamp Investments, a privately held Virginia corporation, announced today that it is entering the competitive online advice marketplace with its new venture HelpSpot.net. The new site will function as an online advice brokerage service, allowing individuals to connect anonymously with others to both offer and seek advice on a wide variety of topics. HelpSpot.net users will be able to receive multiple answers to a single question, allowing them to make better and more informed decisions.

One of the things that will make this site different than the other advice oriented online services is total anonymity for both the person asking the question and the people offering advice. Another aspect is the multi-answer potential for any question. We are offering a wide variety of advice responses from other community members, instead of the opinion of a single self proclaimed expert." said Jay Lynn, president and CEO.

While most of the aspects of HelpSpot.net already exist elsewhere in some form, we feel as though we have a unique approach to putting them together," Lynn continued. Sure you can have a shotgun approach to advice on an open message board, but users also open themselves up to being publicly flamed for their questions and responses. Our system is completely private, charging users a fee per question without limiting the number of potential responses. In addition to routing questions and answers between users, we will incorporate a sense of community into the project, giving users incentives to answer the questions of others."

Despite the presence of other large and well funded competitors in the online advice market, Lynn is confident of HelpSpot.nets potential for success. Some of the larger companies have fallen into believing the myth that anything successful must be funded to the tune of hundreds of millions of dollars. If anything, the internet has proven just the opposite. Success in online markets is almost totally unrelated to financial backing. When it comes right down to it, advice is nothing more than information. and marketing it requires moving text back and forth between users. That does not require an army of personnel or a warehouse full of high tech equipment. Our overhead level is such that we will be seeing profits relatively soon, whereas some of the larger advice-related ventures are so over funded that they may not see a profit for some time, even with hundreds of thousands of active customers." Lynn refused to give exact figures regarding the sites financial backing, but replied Lets just say it is considerably lower than most of our competitors."

For more information contact info@helpspot.net or visit http://www.helpspot.net/

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Jay Lynn
Upkamp Investments, Inc.
434-391-3751
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