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TagLikeMe Corp.'s Planned News Product Introduction Seen As Step Toward Major Revenue Opportunities

Stocks in this article: TAGG

LONDON, Oct. 16, 2012 /PRNewswire/ -- TagLikeMe Corp.'s ("TagLikeMe" or "the Company") (OTCQB:TAGG, Frankfurt M6C1; WKN A1JZ03), plans to introduce a new, socially enabled news product to be integrated with its social search and sharing platform TagLikeMe.com, are revealing what management believes is a direct path to significant revenue opportunities for the Company.

TagLikeMe.com is a new, shared social information network that allows individuals or groups to search, tag (or bookmark) and share all forms of digital content privately or publicly using cloud based technology. Its next-generation search and share technology has powerful features for collaborating search and sharing all online digital content from a single location.

The Company's planned news product, which could allow individuals to monitor, interact with and even shape the publishing of news and trending information, is expected to be the first of its kind in the social media space.

"What TagLikeMe plans to bring to the news arena is something very different and potentially very, very lucrative," states Richard Elliot-Square, President and CEO of TagLikeMe Corp. "Our core product is meant to bring people together over searching and sharing. It's a logical next step to share what you find with a much bigger audience – namely the world. We have envisioned a new kind of socially integrated news service; one that is influenced by and indexed to what news people want indexed to social relevance."

"Imagine an instant visual blog, where you could scan images from hundreds of trending stories and then select items of interest to receive all relevant information – blogs, videos, social media and search engine data – all at once. That's a tremendously powerful thing."

"We are convinced that the news and publishing product can become one of the Company's major revenue sources," adds Elliot-Square. "It can be monetized simply through the use of advertising space – even incorporating simple conventional concepts such as Google adwords, which would work perfectly in this framework."

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