Moguldom Media Group Unveils the Definitive African-American Online Destination

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Relaunch of LiveSteez.com Combines Original and Aggregated Content with Social Networking and Media Tools in a One-Stop Shop for African American Online Audiences.

We believe the current leaders in this demographic have been slow to progress

Moguldom Media Group, the innovative new media company behind Bossip.com, the world's leading African-American focused blog, today announced the re-launch of its social media property LiveSteez.com. Newly redesigned, LiveSteez.com will be the first Website that brings together exclusive news content, social networking, news aggregation, and user-generated video - all tailored to the African-American demographic. The year ahead will see a major expansion of the original content and enhanced features offered on the site, including blogs, dating, and discussion forums.

Said Marve Frazier, CEO of Moguldom Media Group, "In LiveSteez.com we're giving African Americans something they've never had before: a one-stop shop that offers a complete online experience, from community and social networking to news and compelling original content. By creating a destination where this audience returns again and again, we will anchor our dominance in the African American Web space for many years to come. We're putting the online world on notice: Moguldom is going for a complete takeover of the multi-billion dollar African American advertising market. We're not focused just on launching highly trafficked websites, but on building online brands that are strong today, and even stronger ten years from now."

The renewed LiveSteez.com is the first step in Moguldom's initiative to integrate innovative social media technologies into its online properties to deliver a richer experience to visitors and its growing member base. Moguldom also plans an expansion of the LiveSteez application with SteezMatch.com - a dating solution to be unveiled later this year.

"We believe the current leaders in this demographic have been slow to progress," said Frazier. "The veteran in social networking, BlackPlanet, is taking their audience for granted by providing a grossly outdated platform for their many members. We are eager to offer the significant and growing audience of Web-savvy African Americans a place to experience social media as it should be: cutting edge, ever-changing, and tailored just for them."

About Moguldom Media Group:
Moguldom Media Group is a new media company with a portfolio of popular niche blogs that includes Bossip.com, the leading celebrity gossip website serving African American consumers; LiveSteez.com, a video-oriented urban social networking site; Lossip.com, the number one website serving Latin consumers; F-Listed, which covers general celebrity gossip with a unique edge and male sensibility; and MingXingYao.com, a Mandarin-language blog covering Chinese celebrities. All Moguldom Media Group properties benefit from a favorable online advertising environment, unique credibility within the communities it serves, and strong strategic relationships.

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Mary Egbula

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