LONDON, Oct. 2, 2012
LONDON , Oct. 2, 2012 /PRNewswire/ — The London, England based TagLikeMe Corp. (“TagLikeMe” or “the Company”) (OTCQB:TAGG) is positioning itself at the forefront of the estimated $16.9 billion social media market with its new social search, save and share platform TagLikeMe.com.
TagLikeMe.com is a significant entry into the new social media phenomenon becoming widely known as Common Information Networks. These networks allow individuals to easily search multiple search engines and organize results into a more visual interface that can be shared via social networks.
TagLikeMe.com's offering is unique among the emerging networks in its use of proprietary technology combined with social interaction to power more relevant and useful results displayed in a simple, drag and drop visual 'tagboard' format. Results can include all forms of digital media including photos, video, documents and links etc., which can be shared publicly or privately via the cloud.
The idea behind TagLikeMe is that people will generally go somewhere that has been recommended by someone they know or have interacted with through some form of common interest. By adding this social sharing capability and cross-reference to search results, TagLikeMe.com leverages human interaction to make TagLikeMe.com the most powerful social search and share platform online.
Pinterest is currently the most widely known of the emerging social information networks with over 20 million users and a market value that has rocketed to $1.5 billion , based on its rapidly growing audience that is over 90% female, according to Tech Crunch.
The growth of social network revenue overall is an impressive 43.1 percent year-over-year in 2012 and is predicted to reach $34 billion by 2016 according to Gartner Group.
Richard Elliot-Square states, “In order to become a frontrunner, we are offering what the social media market is seeking; better performance, coupled with richer formats and creative elements, like video, all of which we believe will be the principal social ad market growth drivers in the coming cycle. By being the most useful and used social search, save and share network, we believe we can stake a major positioning the social network space, just as the other networks have managed to do in record time.”
The social network Interest managed to gather 20 million subscribers over the last 48 months, outpacing the growth of all other forms of social media and coming third place behind Facebook and Twitter with over 10.8 million visits daily.
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™, Bing™ and Google™, in addition to viewing related activities from popular social media based sites such as Facebook™, YouTube™, Twitter™ and Wikipedia ™ 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.
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: Forecast: Social Media Revenue, Worldwide, 2011-2016 report
SOURCE TagLikeMe Corp.