NextWeb Media Triples Office Space to Support Continuous Growth

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NextWeb Media (http://www.nextwebmedia.com), an industry leading provider of digital content for mobile and online consumers, has announced new facilities for its New York and Florida offices to accommodate the company's rapid growth. In total, the company will have over 20,000 square feet under lease.

In particular, we are excited about the prospects of new products which we will be introducing this year, as well as our planned entry into untapped international markets.

NextWeb Media (http://www.nextwebmedia.com), an industry leading provider of digital content for mobile and online consumers, has announced new facilities for its New York and Florida offices to accommodate the company's rapid growth. In total, the company will have over 20,000 square feet under lease.

While the company has taken over adjacent space in its Florida office, it will relocate its New York City office to just south of Penn Station, providing a prime and convenient location to support its continued hiring plans. The company currently employs a staff of 77, up from 42 at the start of 2008. Revenues were up 178% year-over-year, driven primarily by continued market acceptance of its products.

"While 2008 was a tremendous year for the company, we look forward to reaching new heights in 2009, building upon our success to-date," says NextWeb Media co-founder and President Itai Kathein. "In particular, we are excited about the prospects of new products which we will be introducing this year, as well as our planned entry into untapped international markets."

About NextWeb Media
NextWeb Media is a market leading, fast growing digital content company focused on delivering innovative services to consumers each month through mobile and online channels. The company's offerings include a suite of entertainment and communication products that connect with consumers through subscription based services targeting core lifestyle touch points. The NextWeb Media team brings together years of experience in developing and supporting industry leading brands while building key alliances with media and telecommunications companies.

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Clint Cantwell
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