NEW YORK, July 30, 2012 /PRNewswire/ -- Grandparents.com (OTCBB: GPCM), The Ultimate Resource for Grandparents™ and a premier social media website for people over 50, is pleased to announce that it now has over one million members. Growing by more than 600,000 members since March 2012, this innovative social platform is swiftly becoming the go-to resource for an increasingly media savvy generation.
Since going public in February 2012, Grandparents.com has become one of the fastest-growing online membership organizations - a trusted, life stage destination website for a new generation of active, involved grandparents and America's age 50+ demographic, who together represent a force of 120 million that control over 75% of the nation's wealth. This demographic is growing at twice the rate of the general population and, by 2020 (according to a 2011 MetLife "Report on America's Grandparents"), grandparents will represent a third of all adults in the US.
"We are extremely pleased to have attained such a significant number of members in such a short period of time," said Steve Leber, Chairman and Co-CEO. "Hitting the one-million member mark five months ahead of schedule is just the beginning for Grandparents.com. As we continue to expand our informative content and re-launch our Grand Social Network, new website and PhotoVideogram App on Grandparents Day, September 9, 2012, we anticipate continued growth and aim to have two million members by the end of this year. We thank all one million of our members who enjoy our content and product offerings and keep returning to visit us online."
For additional information, please visit: www.grandparents.com.About Grandparents.com : At Grandparents.com, our goal is to connect and inspire today's families. As the Ultimate Resource for Grandparents™, we seek to strengthen the ties between family members by promoting wellbeing, and by providing smart information and expert advice on what really matters to our members, from health and money to travel and retirement. Our stories and videos celebrate the role of grandparents, and encourage them to tell their own stories, passing on a meaningful legacy to their children and grandchildren. As we approach the official Grandparent's Day launch of our new website and App, we will be unveiling new, enriching experiences for our users. Forward-Looking Statements: Various statements in this release, including those that express a belief, expectation or intention, may be considered "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects. Forward-looking statements may also include projections and estimates concerning our future operating results and financial condition. When we use the words "will," "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.
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