In the news release, Grandparents.com Membership Surpasses 600,000, issued 04-Jun-2012 by Grandparents.com, Inc. over PR Newswire, we are advised by the company that the sub-headline should read "200,000 new members results in 50% increase in 2 months" rather than "200,000+ members joined in April and May" and that the first paragraph, second sentence should read "The company's 50% growth in two months makes it one of the fastest-growing online membership organizations," rather than, "The company's 30% growth in two months makes it one of the fastest-growing online membership organizations," as originally issued inadvertently. The complete, corrected release follows:
Grandparents.com Membership Surpasses 600,000
200,000 new members results in 50% increase in 2 months
NEW YORK, June 4, 2012 /PRNewswire/ -- Grandparents.com (OTCBB: GPCM), the Ultimate Resource for Grandparents™ and a premier social media website for Americans over 50, is pleased to announce that over 200,000 new members joined the organization in April and May. The company's 50% growth in two months makes it one of the fastest-growing online membership organizations. This growth is all the more notable in light of the fact that the Company's primary marketing and promotional initiatives have not yet been introduced. Grandparents.com's current membership stands at 610,000.
Steve Leber, Chairman and Co-Chief Executive Officer, said, "Grandparents.com grew exponentially in the past two months because for far too long one of our nation's largest, wealthiest and most wired consumer markets has been underserved and overlooked. Our grandparents are America's greatest national resource, and a rapidly expanding market that we at Grandparents.com are uniquely prepared to serve as grandparents become more 'tech savvy' each and every day." According to a July 2011 ' Met Life Report on American Grandparents,' by 2020, 80 million Americans will be grandparents – that's one in every three U.S. adults!
Mr. Leber added, "At Grandparents.com, we are dedicated to providing every 50+ American relevant information, entertainment, advice and services they can trust, and making sure they can access it simply and quickly whether they're using the web, mobile technologies or the social media networks they're embracing at an accelerating rate."