SOURCE: BGI, Inc.

November 24, 2008 16:11 ET

SnapPages Creates Stir at TechCrunch50

AUSTIN, TX--(Marketwire - November 24, 2008) - BGI, Inc. (PINKSHEETS: BGII) today announced that it has increased its ownership position in SnapPages, an online SaaS (Software as a Service), to approximately 21% of the Company.

SnapPages, an online Web site creation tool for the rest of us, launched in September at the TechCrunch50 conference in San Francisco. SnapPages was one of a select group of companies chosen to demonstrate its product in the TechCrunch50 demo pit showcasing innovative Web technology. SnapPages is an easy to use online tool which allows the average person to create great looking Web sites with drag-and-drop ease.

The TechCrunch50 conference generated a number of favorable reviews for SnapPages. In one such article written by TechCrunch, titled, "SnapPages, A Basic Webpage Designer That Apple Should Envy (Or Buy)," the author Jason Kincaid is quoted as saying, "SnapPages is a gorgeously designed service... The site offers a number of customizable templates, allowing users to specify colors and the placement of columns, text boxes, and widgets..."

The Austin American Statesman recently featured SnapPages in an article in the TechMonday section and online. The article noted that SnapPages removes the pains associated with creating a Web site. SnapPages provides best-practice design guidelines which frees the user to create content without worrying about programming. The result is a professional Web site tailored to the wants and needs of the user. SnapPages Web site themes are designed in house by an award-winning professional designer.

Steve Testone who founded SnapPages in 2007 says, "Your Web site is the front door to your company. You wouldn't pile up a bunch of junk outside your front door and expect people to still want to come in. That's why it's crucial to have a Web site that looks great so that it represents you well. SnapPages helps you create Web sites that make a great first impression that will give you a competitive edge."

SnapPages offers a limited free version for creating small personal Web sites and a premium version for creating full blown Web sites for only $50 per year. This is cheaper than it costs to simply get Web site hosting alone. SnapPages provides free Web site hosting. SnapPages premium version allows you to point a domain name that you have registered somewhere else directly to your SnapPages Web site so that it shows up seamlessly.

This press release may contain forward-looking statements including BGI's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, changes in anticipated earnings of the company and changes in the competitive marketplace. In addition, the factors underlying company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.

About BGI, Inc.

BGI, Inc. (http://www.bgicorp.com) is engaged in new business development concentrating its efforts on companies with growth potential in software and web 2.0 technologies as well as companies with green forward-thinking technologies. BGI, Inc. was founded in 1994 and has offices in Austin, Texas. The Company currently trades on the Pink Sheets under the symbol BGII.

About SnapPages

SnapPages (http://www.snappages.com) is an online Web site creation tool that provides a simple solution for creating great looking Web sites. SnapPages makes it easy to build and maintain high-quality Web sites without the need for a programmer or a designer and you can do it all online. The company was founded in 2007 by Steve Testone and is based in Austin, Texas.

About TechCrunch50

TechCrunch50, (http://www.techcrunch50.com/2008/conference/) Founded in 2007 by leading technology blog TechCrunch and entrepreneur Jason Calacanis, the TechCrunch50 conference provides a platform for early-stage, and frequently unfunded, companies to launch for the first time to the technology industry's most influential venture capitalists, corporations, angel investors, fellow entrepreneurs and the international media. Companies are selected to participate exclusively on merit. TechCrunch50 is supported by corporate sponsors Google, Microsoft, MySpace, Salesforce, MSN Money, Symantec, Thomson Reuters and Yahoo!, as well as venture capital firms including Sequoia Capital, Mayfield Fund, Clearstone Venture Partners, Charles River Ventures, Founders Fund, Perkins Coie and Fenwick & West.

Contact Information

  • Corporate Contact:
    Don B. Mauro
    BGI, Inc.
    13091 Pond Springs Road, Suite D-350
    Austin, Texas 78758
    Phone: (512) 335-0065, ext. 203
    Fax (515) 335-0078
    Web: www.bgicorp.com