SOURCE: WallStreet Direct, Inc.

December 02, 2008 07:00 ET

WallStreet Direct, Inc. Launches All-New Interactive Financial Social Blogs for Members

NEW YORK, NY--(Marketwire - December 2, 2008) - WallStreet Direct, Inc., the owner and operator of Wall St. Network ("WSN") (http://www.wallst.net), the leading web 2.0 financial social networking community for investors and traders worldwide, today announced the launch of an all-new, re-designed, interactive financial social blogging platform.

"We anticipate that the improvements we have made to our financial social blogs will result in a significant increase in page views, advertising revenue, new members, and overall traffic," said Nick Iyer, President of WallStreet Direct, Inc.

According to research firm, eMarketer, there were 22.6 million U.S. bloggers and 94.1 million U.S. blog readers in 2007. Technorati, a leading Internet search engine for blogs, stated that the mean annual revenue for the blogs included in a 2008 recent survey is $6,000 with more than $75,000 in revenue for those with 100,000 or more unique visitors per month.

Upgrades to our financial social blogging platform include an all-new community rating system, improved commenting and search engine optimization, and easier access to individual members' profile pages. Members also have the ability to syndicate their blogs via RSS and on social bookmarking Web sites. Other enhancements include an improved archival system and customization tools that enable members to personalize their blogs.

About WallStreet Direct, Inc.

WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. (OTCBB: FNGP), owns and operates Wall St. Network (http://www.wallst.net), a leading source of up-to-the-minute business news, collaborative social networking applications, comprehensive financial tools and original multimedia content for the global investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net), an online hub for business podcasts from well-known business news personalities and publishers, and WallStTV (http://tv.wallst.net), a hub for business and finance video content.

Forward-Looking Statements:

This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.

Contact Information

  • Contact:
    Nick Iyer
    WallStreet Direct, Inc.
    800-4-WALLST