CybeRelease: (OTC: WBTO) Sees Increasing Website Growth
(CybeRelease, March 23, 2007) - Lake Harmony, PA - ByIndia.com has been in the news a lot lately, and with good reason. This little known search engine has exploded in popularity since it was relaunched as more than just a search engine after being acquired by American company Web2Corp (OTC BB: WBTO). It has been six months since the new site launch, and the combination of search, blogging, personal pages, auctions, videos, job postings, and special Indian interest pages is definitely generating a lot of buzz.
ByIndia.com’s growth has recently increased explosively, and it is now growing faster than the site that Alexa.com rates as the 6th most trafficked site Baidu.com (NASDAQ:BIDU - News) did over the same period after its launch. ByIndia.com is preparing to launch its new advertising engine that will sell keyword-powered advertising that is similar to Google.com (NASDAQ:GOOG - News) or Yahoo! (NASDAQ:YHOO - News).
CEO William Mobley explains the potential for ByIndia and Web2Corp, “ByIndia.com has risen from nowhere to be in the top 150 Indian websites in the last month, and the growth keeps coming. We’re looking to capture a similar share of the Indian Internet advertising market that Baidu has in the Chinese market.”
Baidu.com, in 2006, captured just over 19% of the Chinese Internet advertising market, valued at 548.3 million dollars (USD), to generate 104.7 million dollars of revenue, according to their financial reports. In 2007, the Indian Internet advertising market is projected around 276 million dollars, according to Heernet Ventures, which means that with similar market share, ByIndia.com executives project earnings around 52.4 million dollars in advertising revenue, in mid-2008 and 60.9 million by the middle of 2009.
“As Ads.ByIndia.com comes out of beta testing in the next few weeks, we’re very excited about what it will mean for ByIndia.com and Web2Corp,” Mobley continues. “Advertisers who want to generate brand loyalty and name recognition on what is rapidly becoming the Internet’s largest market will surely benefit from the currently low cost of keywords in the Indian market. That’s bound to change quickly, though, as the market matures.”
To read the complete release, go to http://biz.yahoo.com/bw/070322/20070322006133.html?.v=1
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