SOURCE: Pringo

July 14, 2008 13:10 ET

Pringo Grows Due to Rising Consumer Brand Demand for Online Communities

Revenues for Social-Network Provider Nearly Double the First Half of 2008

LOS ANGELES, CA--(Marketwire - July 14, 2008) - Pringo, the leader in empowering online communities, has doubled its growth in the first half of this year, compared to the entire 2007 calendar year, increasing revenues almost 200% in the period January to June 2008.

The company, which specializes in building social networking platforms and online communities for organizations, now has a customer base of 80 clients, in a variety of industry sectors including music, media and entertainment.

With a staff of 35 in West Los Angeles, Pringo is looking to hire another 10 employees immediately in the areas of engineering, design and business development. Headcount is expected to be at least 50 by the end of 2008.

"The business has shown excellent growth in the first six months of 2008 and we expect that trend to continue well into 2009," said Majid Abai, CEO of Pringo. "Online communities are essential toolsets of an enterprise enabling higher customer loyalty strategies, better intranets, and offer more collaboration amongst vendors and partners. There is great demand for our social networking solutions and we'll be expanding the business domestically and internationally accordingly to meet our customers' needs."

Pringo will demonstrate the latest version of its products at the Web 2.0 Expo in New York, September 16-19. To arrange a demo at Web 2.0, please email pringo@lewispr.com.

About Pringo

Pringo is the leading provider of white-label online community platforms. Its products help organizations in any industry build integrated online communities, boosting Web site stickiness, increasing customer and brand loyalty, ultimately driving sales and growing revenues. The Pringo solution is an essential component of any organization's sales, marketing and internal and external communications strategies. Pringo is privately funded and is based in Los Angeles, CA. For more information, please visit www.pringo.com.

Contact Information

  • Media contacts:
    Andy Oliver / Amy White
    LEWIS PR for Pringo
    310 407 5186
    Email Contact