TagLikeMe Corp. Invests In Social Mobile Market Ahead Of Industry Data Projecting $20.6 Billion In Ad Spending By 2015
LONDON, Oct. 10, 2012 /PRNewswire/ — Following comments by leading providers and emerging data about the expected growth of mobile ad spending, TagLikeMe Corp. (“TagLikeMe” or “the Company”) (OTCQB:TAGG, Frankfurt M6C1; WKN A1JZ03), is taking a leading role in developing social search and share technology for the mobile marketplace.
Data being forwarded by Industry leaders, including Millennial Media at the Smarter Mobile Marketing (SM2) conference held last week in New York, are reinforcing the value of initiatives taken by TagLikeMe Corp.’s management. The Company is investing heavily in mobile development and adoption of its social search and share technology.
The data, which emerged from original reporting by Gartner in 2011, shows projected global growth as follows:
Mobile Advertising Revenue by Region, Worldwide, 2008-2015 (Millions of Dollars)
2010 2011 *2015 ---- ---- ----- North America 304.3 701.7 5,791.4 ------------- ----- ----- ------- Western Europe 257.1 569.3 5,131.9 -------------- ----- ----- ------- Asia/Pacific and Japan 868.8 1,628.5 6,925.0 ---------------------- ----- ------- ------- Rest of the World 196.9 410.4 2,761.7 ----------------- ----- ----- ------- Total 1,627.1 3,309.9 20,610.0 ----- ------- ------- --------
Source: Gartner *Projected
TagLikeMe Corp. President and CEO, Richard Elliot-Square states, “The numbers are proving up our contention that digital ad spending is moving rapidly into the mobile space. That’s why we began focusing our efforts on this area right from the start. We see the mobile space as the real future for our social search and share technology. There are nearly unlimited possibilities for us to expand and monetize our technology in the mobile sector. We expect to be available on all platforms by this year’s end – a goal we’re well on our way to achieving with our first app release into the itunes app store last week.”
Elliot-Square also says important trends discovered in the data play in the Company’s favor.
“From what the metrics are demonstrating, not all types of mobile advertising will generate the same opportunity. According to Gartner, ‘Search and maps will deliver the highest revenue, while video/audio ads will see the fastest growth through 2015.’ That plays perfectly into our next-generation search and share offering that is attracting an early loyal following,” Elliot-Square says.
TagLikeMe.com launched in 2012 and expects to release a mobile app version for iOS, iPhone, Android and Windows 8 mobile during Q4 2012.
About TagLikeMe Corp.
TagLikeMe Corp. owns and operates TagLikeMe.com, an Internet services platform that combines the most commonly used functions of search and social media interaction in one destination. TagLikeMe.com allows individuals to search the Internet by using the top three search engines of Yahoo(TM), Bing(TM) and Google(TM), in addition to viewing related activities from popular social media based sites such as Facebook(TM), YouTube(TM), Twitter(TM) and Wikipedia (TM) in a single search inquiry. It also gives searchers the opportunity to connect, chat and share with others worldwide that might be searching similar topics. This adds a much-needed human element to search and online social interaction.
For more information see www.TagLikeMeCorp.com.
OTCQB:TAGG, Frankfurt M6C1; WKN A1JZ03
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain “forward-looking statements” relating to the business of TagLikeMe Corp. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements regarding the advantages of TagLikeMe’s products and services, anticipated advantages resulting from the merger, whether funding anticipated from completing the merger will result,, successful completion and development of the social media component of the business and its market acceptance, the business strategy, plans and objectives of the Company and TagLikeMe Corp.; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects”, “intended” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results and ultimate corporate actions could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the perception of investors of the newly merged company and their willingness to fund this newly public company, the demand for a social media site and viability of it for advertising, new products and services developed by other companies, market share garnered by competitors, ability to maintain customer and vendor relationships, and those factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov), among other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE TagLikeMe Corp.