eDoorways Corporation is releasing a new web service this year that will be the first and only one of its kind on the market. The aim of the company was not to imitate other existing websites like eBay, MySpace, Wikipedia or Google, but to improve upon all of these services and bring them together in one easy-to-use marketplace. The result is a web-based consumer problem solving gateway, lifestyle information source and online business-to-consumer marketplace capable of saving consumers valuable time and money by uniting them with retailers, manufacturers, and the global consumer community in an effective new way.
The web services will incorporate the features of a social networking site, a search engine, a directory, a professional network, an encyclopedia and even a consumer rating service. It will also serve as an online marketplace for frugal consumers to see goods and services through virtual doorways in an attempt to help them evaluate their options. eDoorway’s web service will also connect local businesses with consumers in need of immediate answers, goods or services, or expert assistance. These services will all come free to registered users because revenues will be generated from sponsorship, advertising placement fees, premium services, preferential placement fees, and a percentage of sales transactions.
The web service, which is scheduled to launch in the second half of this year, is targeted towards the 45 million “internet savvy” adults in the consumer marketplace. Current estimates show eDoorways as generating over $1 million in revenues by the first quarter of 2009 and becoming a profitable company by the second quarter of 2009. The initial rollout strategy for 2008 will include three of the busiest cities in America: New York, Los Angeles, and Chicago. In the following year other major metropolises will be targeted such as: Miami, Washington DC, Philadelphia, Boston, Atlanta, Houston and Dallas/Fort Worth.
The company is targeting the release of its new web service offering this summer/fall. The website itself will be a web-based consumer problem solving gateway, lifestyle information source and online business-to-consumer marketplace saving the consumer valuable time and money by uniting them with the global consumer community, retailers, and manufacturers in an effective new way. With the added pressure of catching up with SEC filings off of their shoulders, eDoorways is now focusing all efforts on building a market name for themselves and successfully launching their new web portal later this year.
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