Bloodhound Search Technologies, Inc.
PINK SHEETS : BLDH

Bloodhound Search Technologies, Inc.

May 15, 2006 08:42 ET

Bloodhound Search Technologies Now Accepting Beta Clients for its Next Generation Search Technology

SUGAR LAND, TEXAS--(CCNMatthews - May 15, 2006) - Bloodhound Search Technologies, Inc. (PINK SHEETS:BLDH), announced today that it is now accepting a limited number of beta clients who wish to be the first to market with the company's next generation search technology. The company also intends to ramp up its development process to complete the design of its customizable second generation SIMS technology sooner than originally anticipated.

Bloodhound's SIMS portals are built according to client-supplied strategic information, such as keywords, press releases, industry descriptions or business plans. A customizable SIMS portal can continually monitor over 10,000 news sources and websites. It scans the relevant information sources 24 hours a day, and provides important news about competitors, industry, business opportunities, significant industry events, or any other news of strategic importance to the client. After retrieving the relevant information, SIMS automatically organizes it on a personal web portal page that looks like an online news website.

"The second generation technology will allow the user to create personalized search engines. The user can teach the Bloodhound-powered search engine what to look for. He or she can train their "bloodhounds" to report back with all available information by following anything from favorite sports teams, gourmet recipes, soap operas, local events, the arts or anything else you can think of," states John Abraham, the Chief Operating Officer of Bloodhound Search Technologies, Inc.

During the beta development stage, Internet companies that integrate Bloodhound's services into their sites would share part of the revenue from their users with Bloodhound through a revenue sharing program.

Bloodhound's revenue-sharing program marks an expanded marketing and sales strategy for the company. It is designed to work equally well with subscription-based and non-subscription-based websites alike. Subscription-based sites, like E-Trade (NYSE: ET), could increase their subscriber or client base by attracting new clients with the additional research capabilities that Bloodhound's SIMS platform provides. Bloodhound, in turn, would receive a portion of the upfront monthly fees from each new subscriber.

With non-subscription sites, like iTunes (NASDAQ: AAPL), Bloodhound can arrange for an XML feed that should make these websites more robust. In this model, Bloodhound would generate revenues based on usage, such as visits or click-based fees. Website owners could use Bloodhound-powered features to attract new users and better retain existing users. Bloodhound could become a valuable tool for them to grow their market.

For more information about Bloodhound Search Technologies and to view Bloodhound's SIMS technology, please visit www.bloodhoundsearch.com.

This press release may include ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The Company's actual results could differ materially from those anticipated in the forward-looking statements. The Company refers you to the cautionary statements and risk factors set forth in the documents it files with the Securities and Exchange Commission. Neither the Company or Phoenix IR Associates is under any obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

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