SOURCE: Business Review Australia

Business Review Australia

May 22, 2012 14:56 ET

Australian Social Service Kondoot Introduces Live Video Broadcasting to the Social Media World, in Business Review Australia

Social Media Users Have a Lot of Outlets to Use When It Comes to Voicing an Opinion, Sharing Information or Promoting a Product, but One Tool Lacking on Many of These Platforms Is the Ability to Communicate Over Video; Kondoot Has Equipped the World With Its First Social Network Platform That Incorporates Live Video Broadcasting

SAN DIEGO, CA--(Marketwire - May 22, 2012) - "You have services out there now where you can view live videos, view recordings and talk with your friend, but we wanted to create one combined platform where you could do all of your communication in one place," said Mark Cracknell, who officially co-founded Kondoot with fellow University of Queensland student Nathan Hoad last May.

Kondoot provides a full sensory social experience that combines the features we love from sites such as Facebook, Skype and YouTube. Users can speak their mind over video -- streaming the broadcast to just a few friends or across the 137 countries that currently host the service -- and engage with these viewers by chatting simultaneously.

Not only can you broadcast to anyone in the world, you can shoot your video from anywhere: Kondoot is available as a free app through the Apple Store and Android's Google Play marketplace. With plans to expand into the US and Europe via New York and UK-based offices, Kondoot is well on its way towards international growth. Since the original idea was thought up back in 2010, Kondoot has raised $800,000 from primarily Australian investors and another $3.2 million from US-based companies. Now, to help fund its expansion efforts, Kondoot has filed a prospectus with the Australia Securities and Investments Commission to raise an additional $10 million.

Continue reading this story and many more in the May issue of Business Review Australia: www.businessreviewaustralia.com/.

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