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Social Search And Share Site TagLikeMe Attracts Over 200,000 Unique Visits In Four Weeks, Drawing Comparison To Social Media Phenomenon Pinterest

Stocks in this article: TAGG

LONDON, Oct. 4, 2012 /PRNewswire/ -- TagLikeMe Corp. ("TagLikeMe" or "the Company") (OTCQB:TAGG), a social media development company, has received over 200,000 unique views to its new social search and share website in a trial lasting four weeks. The exceptional trial results are leading to comparisons between and the rising social interest phenomenon Pinterest.

In the trial, new viewers were exposed to the interface and presented with an opportunity to search and share any subject, term or topic of interest. The trial generated over 200,000 unique visitors as reported by third party and Google analytics for the site. The trial provided an exceptional return visitor rate of 12% compared to the industry standard of between 2% and 3% for this type of social property. The trial also revealed an on-site viewing average time of 2.5 minutes per user, considered by the industry to be "very sticky" in terms of viewer interest and engagement. Both of these factors are play a critical role in the ultimate valuation of the property.

Pinterest is a social media destination launched in 2008 to provide a means to 'pin" shared interest to a common 'pinboard' or shared digital clipboard. It has grown over the last two years from a virtual unknown website shared by stay-at-home moms and hobbyist to become a mainstream destination among social media sites with over 270 million monthly views, beating competitor StumbleUpon for referrals. It has quickly moved in its market value to an estimated $1.5 billion market cap. Its valuation, provided by Tech Crunch, is based on the growing audience and user stickiness.

The social media market place has emerged over the past three years to become the driving force behind the growth of the new Internet economy. According to analysts Gartner group, this segment is projected to grow to $16 billion by 2014. Top categories for growth include social sharing and shared networks such as functions very much like Pinterest since it is part of the new generation of Shared Information Networks. A shared social information network allows individuals or groups to search, tag (or bookmark) and share all digital content. This similar functionality and high user adoption rate in the trial have lead to direct comparisons to Pinterest and its ability to attract a large audience over a very short timeline.

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