SOURCE: Web2Corp

May 15, 2007 09:20 ET

Web2Corp WBTO Positions ByIndia.com as Online Ad-Serving Crossroads for Emerging Trade Between Africa and Asia

ORLANDO, FL and BOMBAY, INDIA -- (MARKET WIRE) -- May 15, 2007 -- Web2Corp.com's (OTCBB: WBTO) ByIndia.com, India's #1 Indian-centric search engine and social network, expects its display advertisement sales on http://advertising.byindia.com/ to become an e-commerce crossroads between the burgeoning economies of China and India -- and now Africa as well.

The unabated acceleration of Asian economies continues to create a huge fiscal spillover effect for businesses entering the online business and social media platforms. Industry in both India and China have ramped up to world class strength, and the prosperity of their new middle classes and purchasing power is clearly a new force to address and compete.

Online social media and e-commerce hubs such as ByIndia.com will, for the first time, offer systematic means of creating economic links between the emerging economic powerhouses of China, India, and Africa.

According to Harry Broadman in "Africa's Silk Road: China and India's New Economic Frontier," exports from Africa to Asia have tripled in the last five years, making Asia, Africa's third largest trading partner (27 percent) after the European Union (32 percent) and the United States (29 percent). Indian and Chinese foreign direct investments in Africa are also flowing back into Africa, with China's investment reaching 142 billion yen ($1.18 billion USD) by mid-2006.

"The disruptive force of the Internet clears away many of the obstacles and hurdles businesses must overcome," said William Mobley, CEO of Web2Corp. "ByIndia.com's position is truly enviable, considering the serious momentum and cost-effective benefits that its ad-serving platform offers to its advertisers and publishers. It truly represents a significant advantage to its clients.

By providing Indians with a place to gather and build an online economy, ByIndia.com is knocking down those barriers between more trade in India and Africa by individuals and small businesses. As India, Africa, and the rest of Asia form more and more trade partnerships, brand loyalty will be increasingly valuable and advertising opportunities increasingly scarce. ByIndia.com is positioned ideally to take advantage of this with our varied advertising options that can suit any advertiser."

For more information on Web2Corp, or to see Web2Corp's Forward-Looking Statements/Safe Harbor Acts Disclaimer Notice, go to www.Web2Corp.com.

For more information on ByIndia.com or to register for a free entry into the ByIndia.com 5 Million Dollar (USD) Sweepstakes, go to www.ByIndia.com.

About Web2Corp:

Web2Corp (OTCBB: WBTO) is one of the world's fastest growing new and social media Internet conglomerates with properties including 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)