Magnifynet Selected by AlwaysOn as a Northeast 100 Top Private Company Award Winner
Released on: April 1, 2008, 9:00 am
Press Release Author: Alison McNeill
Industry: Entertainment
Press Release Summary: Recognized for Creating New Business Opportunities in High-Growth Markets through Game-Changing Technology
Press Release Body: New York NY - April 1, 2008- Magnify.net, the fast growing online video discovery and broadcast platform for websites, groups and businesses, announced today that it has been chosen by AlwaysOn as one of the Northeast 100 Top Private Companies. The first-annual Northeast 100 list was compiled by the AlwaysOn editorial panel. In order to be eligible for the list, companies in the Northeastern United States had to be creating new business opportunities in high-growth markets, demonstrating significant market traction and pursuing game-changing technology in a key sector. AlwaysOn received hundreds of nominations for this year's list.
Magnify.net and the Northeast 100 Top Companies for 2008 will be honored at the AlwaysOn Venture Summit East to be held April 7 - April 9, 2008, at the Four Seasons Hotel in Boston, MA. Venture Summit East a two-day gathering that highlights the significant economic, political and technology trends impacting the global growth investor. Venture Summit East features the most influential institutional investors, venture capitalists, corporate buyers, investment bankers and research analysts in the Eastern US in keynote presentations and panel debates. The idea behind the Northeast 100 companies list is to identify the most promising entrepreneurial opportunities and investments in the Northeast region's technology industry.
"For the first annual elite Northeast 100 list we surveyed more than 500 venture investors, investment bankers, and technology insiders, who nominated hundreds of companies to determine the Northeast 100 winners," said Tony Perkins, Founder and Editor, AlwaysOn Network. "Each of the Northeast 100 winners had to demonstrate leadership among their peers in the following areas: innovation, market opportunity, commercialization, media buzz, and stakeholder value creation. We congratulate them all on this great honor!"
Unlike typical social networks that host video and connect people, Magnify.net provides the platform and resources to discover, review, organize and broadcast themed video -- regardless of where it\'s hosted. Videos can be easily collected from other networks including YouTube, Metacafe, Dailymotion, Yahoo!, ClipSyndicate, Veoh, AOL and Revver, or uploaded directly.
Users can fully customize their channels to reflect their personal or corporate brand as well as share ad pages through the Magnify Ad Share Network to also monetize traffic. Magnify.net\'s strength is in the channels that people and businesses create to build a community around activities, niche markets, topics, etc. Magnify.net recently introduced two new site services for more professional channel creators. They now offer \"Pro\" and \"Enterprise" bundles with new flexible features and extended and customizable offerings for businesses looking to preserve their brand look and feel and also control their advertising revenue.
A full list of all the AlwaysOn Northeast 100 Top Private Companies can be found on the AlwaysOn Web site at: http://alwayson.goingon.com
"At Magnify.net we believe in the power of video as a game-changing outlet for online interaction," says Steve Rosenbaum, CEO of Magnify.net. "Beyond being buoyed by the successes our users have had with discovering and creating new communities through video, it is extremely gratifying to also be recognized by AlwaysOn for our innovation in video community creation. The 34,000 channels of content that have been created by our users since we launched a little over a year ago is testament to broadly-seeded desire to share video content on terms dictated by the user. We're pleased me be providing people with the tools we believe will change the way online interaction is viewed in the future."
About The AlwaysOn Venture Summit East Venture Summit East is a two-day gathering that highlights the significant economic, political and technology trends impacting the global growth investor. Venture Summit East features the most influential institutional investors, venture capitalists, corporate buyers, investment bankers and research analysts in the Eastern US in keynote presentations and panel debates. The goal of Venture Summit East is to match growth-company buyers and sellers and identify the most promising innovation-driven, growth investment opportunities.
About Magnify.net Magnify.net hosts more than 34,000 channels and allows existing websites and an emerging class of content entrepreneurs to build, manage, and monetize web video channels. The basic service is provided free and users can build and configure their channels at www.Magnify.net.
About AlwaysOn ALWAYSON ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, ALWAYSON continued to lead the media industry in innovation by introducing a social network where members can connect and engage. ALWAYSON is also revolutionizing the media business by applying its open-media principles to its executive event series (STANFORD SUMMIT, ALWAYSON HOLLYWOOD, ALWAYSON MEDIA and GOINGGREEN) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, ALWAYSON is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.
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