Press Release Summary: Largest social networking portals for small-medium size businesses with a focus on Black professionals, ecommerce and minority business owners swells with one Million Subscribers
Press Release Body: (Fayetteville, NC) tyBitT When Duvall Brown picked up the phone and Al Whitfield from AIT was on the other end evangelizing about tyBitT as the next Killer Application he frowned and thought "just another sales pitch". But the more he listened the more he wanted to hear. Brown, Director of Internet Services at Fraser Net, has become an avid believer as well as a tyBitT (www.tyBitT .com) channel partner. "We are determined to use tyBitT software as an integral part of our network to add value for our members and organization. The revenue share is extremely appealing to us." With over a million members in the U.S. alone, Fraser Net (www.frasernetcommunity.com) is one of the largest social networking portals for small-medium size businesses with a focus on Black professionals, ecommerce and minority business owners. According to the revenue calculator located on the tyBitT website, 1 million subscribers equals up to $140,000 a day in the Internet Search and Advertising industry. Fraser Net, like many subscriber / member based organizations wants the freedom to chose and customize their technologies to fit their specific needs. Other emerging search tools see this opportunity as well. "The future vision is where information summarizes out to the way you want it to look," said Matt Eichner, VP of strategic development and marketing for Endeca, an information access platform that automatically creates categories out of search results.
What is the future of Internet Search? According to Microsoft, people search for 11 minutes before finding what they want while half of them give up before then and abandon their search. However, the Search business is booming with plenty of new-comers challenging the likes of Google and Yahoo to include Collarity, Hakia and Powerset. "You need different tools to solve different problems," said IDC analyst Susan Feldman. tyBitT is a major shift for online search, moving away from the centralized search engine model to a patent-pending client side application that distributes web crawling, indexing, and browser content delivery quickly and securely to users - and its green technology. "We had to un-think the current model of Internet search and invent something that could compete", said Clarence Briggs, CEO and Founder of 2-Time INC 500 Web Hosting & Domain Registrar, AIT (www.AIT.com) and tyBitT . "That isn't easy when the competition is bursting with cash and controls 70% of the market. Inventing is a combination of brains, tenacity and money. The more brains and tenacity you use, the less money you require," said the retired Army Infantry Veteran.
Recently, tyBitT won Best Product runner-up at the Channel Partner Expo Show in Las Vegas. To date tyBitT has jammed its partner pipeline with over 30 Telcos, Carriers, ISPs, media companies, MLM, OEMs and various other subscriber-based organizations seeking to be strategic partners. Company officials say that the current partner pipeline potentially represents a staggering 40 million plus tyBitT subscribers. "The reason the pipeline is packed is simple", said Kitti Jo Finch, GM of tyBitT. "It is superlative for users, partners and advertisers because it heaps on the value for all three." Company officials guarantee tyBitT accelerates search, increases relevancy, personalizes results, finds the newest information, searches multiple sources, integrates text, video and other media, finds local content based on a subscriber\'s actual location, offers privacy protection, reduces click fraud and displays results in a single window - desktop or PDA. From holiday shopping to election results, tyBitT finds it all and even emails blog invitations.
Company officials claimed the drive behind tyBitT was their dissatisfaction with the search industry\'s pay per click & affiliate model and the associated click fraud. Their click fraud experience with Google, and then the Fayetteville Publishing Company on a local level led to litigation. Briggs the CEO proclaimed, \'there\'s a problem, and at the end of the day litigation may or may not change anything. The long term business solution is to attack the problem head on with a market alternative and tyBitT is our answer. Our partners have indicated that they are frustrated because they don\'t feel they are getting their fair share of the interactive advertising dollars even though they have the relationship with subscribers. They also want customization, accountability and transparency which they aren\'t getting now. We can deliver this to them with tyBitT.\'\'
Company officials have indicated that tyBitT is working with several interested VC & Investment Banking firms to complete an $80 million first-round financing. AIT has never taken outside equity investment but instead built its business out of cash flow. The 5 year plan for tyBitT aims to achieve annual revenues in excess of $6 billion. "tyBitT will unify search and make it so relevant that the term \'\'search\'\' becomes synonymous with \'\'find\'\' said Sean McCoy, SVP of Sales. "It\'s an interesting development that we will definitely keep our eye on\" said Berge Kaprelian, President and CEO of Beka Publishing of Channel Vision magazine. McCoy claims that the next beta release of tyBitT is stunning and will "open" a lot of eyes beyond Web 2.0. "It is going to be part of the browser itself, seamless and fully integrated with a grid computing agent", said McCoy. "Couple that with our CEO Clarence Briggs' recent visit to D.C. and we are going to make a significant political announcement shortly about tyBitT and Education, maybe even at ISPCON this October. Everything is bound to change now."
2025
