An increase of over one million users in the past month is very gratifying
New York, NY (PRWEB) October 18, 2007
eTwine Holdings Inc. (OTCBB: Ticker: ETWI.OB) is pleased to announce that its recently launched application built on Facebook Platform continues to see strong growth and has surpassed 2 million installations. The application, which was launched on August 14th, previously announced a member base of 750,000 on September 10th. Four weeks later the application has seen over 150% growth to over 2 million installations.
"An increase of over one million users in the past month is very gratifying," says Clifford Lerner, eTwine's CEO. Lerner continues: "We are delighted by the extraordinary growth that our application is experiencing and the positive response from the users as evidenced by the 150,000 to 200,000 unique users who visit the application daily. We look forward to continued innovation and adding new features to the application."
The success of our applications has opened up several new revenue streams for eTwine as a result of the commercial opportunity that has emerged from Facebook Platform. eTwine continues to explore these opportunities and as always seeks to enhance shareholder value.
eTwine currently has two applications built on Facebook Platform as well as online dating site called IamFreeTonight.com. The popularity of our applications has enabled us to increase the exposure of IamFreeTonight.com. Traffic to eTwine's free online dating site has increased dramatically as a result.
Facebook Platform is a development system that enables companies and developers to build applications for the Facebook website, where all of Facebook's users can interact with them. More than 50 percent of Facebook users return to the site each day, providing unparalleled distribution potential for applications and the opportunity to build a business that is highly relevant to people's lives. With more than 47 million active users, Facebook is the sixth-most trafficked website in the United States.
IamFreetonight.com is a 100% free online dating service for singles and offers all personals and standard online dating features for singles in addition to its unique Wingman and Date Now! concepts to meet singles.
About eTwine Holdings:
Incorporated in Delaware and headquartered in New York, eTwine Holdings, Inc. offers the next generation in personals and free online dating sites for singles. Our primary online dating site is IamFreeTonight.com. For more information visit http://www.IamFreeTonight.com.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include product demand, market competition, delays in website development, and risks inherent in our operations. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.
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