|Acquired by||Magnitude Information Systems|
|Terms||Cash and Stock|
|Description||Teen Social Network|
Kiwibox is a social community network based in NYC. Kiwibox.com Inc. trades over-the-counter on the bulletin board under the symbol KIWB.OB. Kiwibox.com Inc. owns and operates Kiwibox.com, a leading destination site that has over over 10 years experience as social network and accordingly loyalty users.
Unlike traditional social networking sites such as MySpace and Facebook, Kiwibox has combined “magazine” content and social networking technolgy in a site that is extremely sticky and attractive to everyone. Kiwibox provides advertisers with a superior, worry-free advertising platform with Profile targeted technology. Kiwibox has made great strides recently, with the release of its 2.0 website and a mobile site geared specifically for mobile devices for full mobile kiwibox experience; this progress has resulted in a dramatic acceleration in new user adoption that bodes very well for the future. We expect Kiwibox to continue its successes with strong user growth and rapidly increasing revenues in 2010 and beyond.