|Page (1) of 1 - 06/02/11||email article||print page|
myRete Revenue Surpasses $1 Million(June 02, 2011)
San Mateo, CA (PRWEB) June 02, 2011
myRete, Inc. launched WhosHere® in July of 2008. Three months later, the makers of WhosHere added in-app advertising. Monthly revenue has steadily increased, and with the close of its last months books, myRete has recognized more than $1 million in total revenue.
Current revenue streams include, in app advertising, ads-free premium accounts, virtual gifts and virtual plane tickets. Virtual gifts range from drinks to flowers to jewelry and provide the sender preferential standing on the recipients inbox. Virtual plane tickets allow users to move their WhosHere profile any where in the world and met more users.
Stephen Smith, founder & COO said, We have taken an idea and created a service that millions enjoy. We are now generating revenue that will fuel our future growth. Its been three years of hard work, but we are not stopping; a lot more features and platforms are in the plans"
WhosHere is the first mobile social networking app for the iPhone to let users meet new people and interact based on proximity. The application introduces a user to others with whom they have something in common. When a user finds someone interesting, they can send free text and image messages and make free VOIP calls. All this is done without disclosing any personal information unless the user chooses to provide it.
The most common uses of WhosHere include dating, making new friends, chatting with like minded people, looking for jobs, selling stuff, looking for clients, promoting bands, practicing foreign language skills with native speakers and virtual tourism.
Its growth in user adoption and monetization has enabled myRete to become profitable without institutional investments, demonstrating its long term sustainability and viability. WhosHere was a Social Networking finalist in Mashables 2009 Open Web Awards and was a 2010 Hot Ticket nominee for Best Bootstrap by the Northern Virginia Technology Council.
WhosHere runs on all Apple iOS devices: the iPhone, iPod touch and iPad. It is available for free download on Apples iTunes App Store and can easily be found at myRete.com/download.
About WhosHere and myRete, Inc.
WhosHere has over 3.0 million users. An average user sends 40 text messages any day they log in. Over 2 billion free text messages and 150 million free images have been sent via WhosHere. It is used in over 150 countries and the app is localized in Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Korean, Spanish and Thai.
myRete, Inc. was founded in March 2008 with the singular focus of bringing an exceptional mobile social networking experience to the burgeoning smart phone marketplace. Rete is Italian for "network". Offices: San Mateo, CA and Alexandria, VA.
WhosHere is a registered trademark of myRete, Inc.
# # #
Read the full story at http://www.prweb.com/releases/Apple/iPhone/prweb8518462.htm.
Related Keywords:computing and information technology, satellite technology, wireless technology, science and technology, technology (general), identification technology, agricultural research and technology, computer crime, computing and information technology, satellite technology, wireless technology, science and technology, technology (general), identification technology, agricultural research and technology, computing and information technology, satellite technology, software, wireless technology, science and technology, technology (general), identification technology, agricultural research and technology, computer crime, software, mass media, news media, media,