Shares of Web2Corp.com (OTCBB: WBTO) were trading up 10 cents (26 percent) to 49 cents per share on volume of 94,780. The company announced that its Internet property ByIndia.com, India’s #1 Indian-centric search engine and social network, expects its display advertisement sales to tap into the explosive $16.9 billion Internet advertising market. The Web site sees its strong position as India’s top Indian-centric search engine to drive greater demand to reach the growing consumer market within India and Asia.
“This is a win-win, since search demand continues to throttle broader audiences,” said William Mobley – CEO of WBTO – in a press release. “And now with almost 2 billion new Internet users expected to come on line over the next few years, ByIndia.com’s Internet franchise becomes the very point of bridge to over 1 billion in India. Marketers are finally realizing the benefits long promised by Internet experts years ago.”
“The reach and result ratio is even better than we thought possible. The Internet is a consumer-driven market, according to the Internet Advertising Bureau. The Internet growth trend is not letting up, as marketers allocate more of their total marketing dollars to interactive and the industry delivers effective and innovative platforms for connecting with consumers.”
WBTO is one of the world’s fastest growing new and social media Internet conglomerates with properties including ChamberEcommerce.com, ByIndia.com, Web1000.com, and YouGetIt.com. As a Web 2.0 Internet technology development firm, it is dedicated to rapid creation and adaptation of technologies. WBTO addresses new markets of users by creating and simplifying useful products, reducing the level of user technical skills required, and lowering prices for consumers.