SOURCE: MocoSpace


December 07, 2009 10:00 ET

MocoSpace Races Past 10 Million Users

Leading Mobile Social Network Adds New Staff & Features as Traffic & Revenues Climb

BOSTON, MA--(Marketwire - December 7, 2009) - MocoSpace, the leading mobile social network in the U.S., today announced that it has reached the ten million user milestone. MocoSpace has seen a sharp increase in registrations driven by word-of-mouth among a young, multicultural community that is increasingly using their mobile phones for social networking and entertainment.

MocoSpace allows its users to create custom profiles with music, photos, chat, IM, blogs, games and more all from their mobile device. The site can be reached using any web-enabled mobile phone.

"2009 was a great year for us despite the tough economic climate," said Justin Siegel, co-founder and CEO, MocoSpace. "We have been fortunate to see significant growth across all metrics."

2009 Company highlights include:

--  Building out the team, with the hiring of a CFO, VP of Product, and
    Director of Advertising Sales
--  Partnerships with leading media and entertainment companies such as
    AOL, Sony Music, Island Def Jam and Warner Music
--  Launch of Spanish language site, MocoSpace Latino
--  Introduction of virtual currency Moco Gold and premium features
--  Achieved profitability

"We're proud to have reached profitability in a tough advertising market," added Siegel. "MocoSpace looks forward to a great 2010, as mobile web growth accelerates and we continue to add new site features and innovative applications and products."

About MocoSpace

For a young, multicultural, on-the-go generation, MocoSpace is the mobile community of choice for making connections, keeping in touch and staying entertained. One of the largest and most active mobile web sites in the world, MocoSpace is free and available on any web-enabled mobile phone in the world. As of December 2009, MocoSpace was generating over 2.5 billion pages per month. Launched in 2005, MocoSpace is backed by General Catalyst and is based in Boston, MA. For more information on the company, visit

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