NEW YORK, Oct. 9, 2014 /PRNewswire/ -- Kiwibox.com
["Kiwibox" - KIWB.OB] is pleased to announce the activity
and user development in the third quarter ended September 30,
2014.
THIRD QUARTER OPERATIONAL HIGHLIGHTS OF KIWIBOX GROUP
- Active Members – 3.13 Million as of
September 30, 2014, an increase of 12
% and 9 % from the 2nd quarter 2014
- New Registrations – 261,584 in 3rd quarter
2014, an increase of 11 % from the 2nd quarter
2014.
- Unique Visitors – 4.92 Million in 3rd
quarter 2014, an increase of 12 % from the2nd quarter
2014.
- Page Impressions – 532 Million in 3rd
quarter 2014, an increase of 4.1 % from the 2nd quarter
2014.
- Guestbook Entries – 37 Million as of
September 30, 2014, an increase of
3.1 % from the 2nd quarter 2014.
- Blog Entries – 36.1 Million as of
September 30, 2014, an increase of
2.2 % from the 2nd quarter 2014.
"Even in the tough summer market, when everyone has decreasing
numbers due to weather and outdoor activities, the Kiwibox Network
enjoyed continued growth in all areas. During the high peaks of
activity last quarter, the Kiwibox.com website itself had up to
6,000 new registrations per day," said Andre Scholz, CEO and President of Kiwibox.
"This was only possible by virtue of our concentrated data and
knowledge exchange alliance with our affiliate, the KWICK!
Community based in Germany and its
subsidiary a global Internet Service Provider."
Kiwibox.com expects to report its 3rd quarter 2014 financial
results around October 30th,
2014.
Market Position
The Kiwibox Network is in a unique position because it combines
the excitement of a dating community with the benefits and
accessibility of a real social network. The Kiwibox network
encourages members to explore local events in their area, connect
with other members and enjoy the additional member exclusive
benefits the social network is offering, like games, blogging,
chatting, picture-sharing and online-flirting.
Technology Development
The Kiwibox network is focusing on the fast growing mobile usage
phenomenon. The Kiwibox Network has released multiple Updates in
the 3rd quarter for its iOS and Android Applications. At
present, more than 500,000 company Apps are installed in the
marketplace. Kiwibox plans to release several more monthly updates
for its existing Apps and another two new mobile Apps by the end of
the year. The company plans to integrate online shopping features
with benefits for its members in 4th quarter 2014.
About Kiwibox.com: Company History
Kiwibox.com was initially founded in 1999 to give teenagers a
voice on the Internet and was a leader in the teen oriented world
for several years. In August 2007, the company was bought by
Magnitude Information Systems, Inc., a publicly listed company. In
the first quarter of 2011, Kiwibox.com acquired Pixunity.de a photo
blogging community. On September 30,
2011 Kiwibox.com acquired the German social network
community KWICK!, finalizing the acquisition in May 2012 and currently our 20% owned German
affiliate. Kiwibox common shares are listed on the
over-the-counter, Bulletin Board market under the symbol
KIWB.OB.
This press release contains certain statements relating to
future results, which are forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from either historical or anticipated results, depending on a
variety of factors, which include but are not limited to,
statements regarding the company's potential acquisitions, its
ability to obtain financing for these acquisitions, its ability to
integrate any acquisition into its business and operations and
manage such processes, its ability to expand its membership, users
and internet brand and its projected financial results. The
company's actual results could differ materially from those
predicted or implied and reported results should not be considered
as an indication of future performance. Factors that could cause or
contribute to such differences include, but are not limited to: the
after effects of the global economic downturn, changes in
political, business and economic conditions, including any
conditions that affect ecommerce growth; fluctuations in foreign
currency exchange rates; the company's ability to deal with the
increasingly competitive ecommerce environment, including
competition for its targeted internet audiences, potential
advertisers and, in general, from other social networks; the
company's need and ability to manage other regulatory, tax and
litigation risks as its services become offered in more
jurisdictions and applicable laws become more restrictive; any
changes the company may make to its market approach and offerings;
the company's ability to upgrade and develop its systems,
infrastructure and user-member service capabilities at reasonable
cost; and the company's ability to maintain site stability and
performance on its site while adding new products and features in a
timely fashion. The forward-looking statements in this release do
not include the potential impact of any acquisitions or
divestitures that may be announced and/or completed after the date
hereof.
SOURCE Kiwibox.com
