SOURCE: Web2Corp

May 07, 2007 09:20 ET

Google Acquisitions Race -- Do You Get It?

Is the Light at the End of the Tunnel Really a Train?

ORLANDO, FL -- (MARKET WIRE) -- May 7, 2007 -- Google has recently been showing a familiar trend of acquisition habits, according to William Mobley, CEO of Web2Corp (OTCBB: WBTO) and survivor of the dotcom crash. "It's AOL all over again," he says, recalling AOL's catastrophic merger with Time Warner in 2001. "It's an Internet company trying to make it as a media provider. It's trying to move into a space that it was never designed to work in from the start, and just like AOL, I don't think that Google can successfully make that transition.

"Google has all the money in the world to pull this off, if it is possible to do it despite the history of others who've failed. We've already seen some of the first signs of this may not be the case on Tuesday, as Google missed its projected revenue for the first time. I think Google is experiencing growing pains as it tries to move into areas of the Internet and traditional media that it was not designed to handle, as it acquires DoubleClick and partners with ClearChannel. It's trying to build local advertising markets and opportunities through traditional media."

This attempt to acquire a portion of the projected $39 billion dollar a year local advertising market, and to secure some of the $20 billion spent yearly in radio markets clearly has many of Google's rivals stepping it up as well. There have been rumors circulating that Microsoft is looking to acquire Yahoo so that the #2 and #3 search engines can partner up to more effectively fight Google.

"That's not the answer that is needed to contest Google successfully," Mobley continues, "In order to challenge a large giant like Google you need a product that's built around a local platform which then inter-connects those local markets, nationally and then globally. It must include all the things that people would use in social networking, businesses could easily use to reach consumers effectively, and communities for outreach, news, civic matters. Give the consumers and businesses easy to use point and click tools and ensure that it is all seamlessly integrated.

"That is not something you buy in pieces and start plugging together like Google is attempting to do at this moment. Those acquisition targets all have different technologies, at various ages, and in my opinion are gaining very few new customers. The customer databases of these companies overlap as many already use Google search. What is required is a combination of all the newest technologies, written into a single 'web life operating system' combined with a robust local 'e-conomy.' Our teams and partners have worked diligently over two years creating such a place on the web called YouGetIt.com. Something that's built around the local market, that's going to provide users with revolutionary functionality extending from PC, to cell phone and PDA, to the home the car, and the office. That's the only thing going to be able to stand toe-to-toe with Google, regardless of whether it's a small company or if it partners with one of the other giants like Yahoo, MSN, AOL or the telco's."

About YouGetIt.com

www.YouGetIt.com is the nation's first local social network that spans across the nation. With a local social site built in each of the 10,000+ zip codes, YouGetIt.com has created local web sites for nearly every community in America. As every user logs on and is automatically presented with his or her own local news, alerts, traffic, weather, businesses, e-commerce opportunities and more, YouGetIt.com creates a unique online presence that ties together the functionality of social networks, video and photo sharing, blogs, auctions, stores, and more. YouGetIt.com is the social media aggregator, providing users with the tools that they need to get what they want.

About Web2Corp:

Web2Corp (OTCBB: WBTO) is one of the world's fastest growing new media Internet conglomerates with properties ChamberEcommerce.com, ByIndia.com, Web1000.com and YouGetIt.com. As a Web 2.0 internet technology development firm it is dedicated to rapid creation and adaptation of technologies. Web2Corp addresses new markets of users by creating and simplifying useful products, reducing the level of user technical skills required, and lowering prices for consumers. Web 2.0 technologies have become increasingly popular, with the use of Web 2.0 applications such as e-commerce or blogs up more than 25% over the last year, according to comScore networks. The Web 2.0 market generates more than 20 billion dollars of revenue a year, with well-known companies like Google.com, Flickr.com, MySpace.com, eBay.com, and Blogger.com making up the majority of the income.

Contact Information

  • Contact:
    Trevor Longino
    Communications Director
    Web2Corp
    407.540.0452 (Office)
    321.256.2939 (Direct)