Social gatherings have shifted from coffee houses to the Internet with the rise of Myspace, YouTube and Facebook and others. It’s a worldwide trend that allows users to interact with other people just around the corner or on the other side of the globe. The features on these networking/social portals include the ability to express oneself, communicate via IPTV, instant message, blogging and more, and to create pages customized to fit one’s personality.DigitalPost Interactive (OTCBB: DGLP ) is one company jumping on the bandwagon, supplying users user-friendly Web sites for sharing digital media online and includes features that make online socialization so popular – such as digital photo and video uploading, blogging/news functionality, interactive message boards, calendars and integrated e-mail .
DigitalPost focuses on the family demographic and divided that into two targets: general families with TheFamilyPost.com and military families with WebsitesforHeroes.com). The company’s proprietary software, Qwik-Post, allows users to upload pictures and videos in a secure password protected arena.
“DigitalPost Interactive’s platform combines the best elements of leading providers in the space such as Youtube and Myspace but encapsulates the technology in a simple, easy-to-use platform that can be applied to many other targeted vertical markets that would benefit from digital media presentation and sharing,” the company said on its Web site.
DigitalPost’s main flow of revenue is derived from subscriptions to monthly Web site hosting services. Since the company’s formation in 2005, it has generated 841 subscribers and 1,672 users.
While the number of subscribers is growing, the generated revenue is not enough to cover the company’s operating costs and expenses. For the three months ended March 31, 2007, the year ended Dec. 31, 2006 and from time of inception in July 2005 to Dec. 31, 2005, the company reported revenue of $12,200, $13,900 and $4,500 respectively.
“We are in the early phases of revenue generating activities and intend to market our product more aggressively upon completion of additional debt or equity financing. On Jan. 30, 2007, we completed [the recent merger] to assist us in raising additional working capital through equity or debt financing,” the company said in its 10QSB.
DigitalPost may have set its focus for now on the family demographic, and maybe not bringing in enough to cover expenses at this time, but there’s a world of users out there.