| |
FOR
IMMEDIATE RELEASE
Contact:
Michelle Hiresh
155 S. Court Ave. Suite 2702
Orlando, FL 32801
http://www.RedCarpetMonday.com
email: press@redcarpetmonday.com
Internet
Investor Offers to Purchase Social Business Network RedCarpetMonday®
for $6.2 Million
Orlando, Florida
–
October 23,
2007
-- A group of foreign investors led by Internet entrepreneur and
investor, Bill Marquez has offered to purchase a majority stake in
RedCarpetMonday®, an Orlando based social business network for $6.2
million. Marquez was the co-founder of Netster.com, the world’s 8th
largest search engine in terms of web traffic.
RedCarpetMonday® is a sophisticated, invitation-only social business
network that has quickly become the spotlight for the ‘Who’s Who’ of
Florida’s most successful professionals and entrepreneurs. Events
attract big name corporate sponsors like the Orlando Magic, Classic
Audi, and EliteJets. The exclusive website is a community where
users connect and cultivate business relationships.
With the rising popularity of niche social business networks,
Marquez revealed his interest to add RedCarpetMonday® to his
Internet portfolio. “Social Networking is the future of the Internet
for years to come. RedCarpetMonday.com targets high net worth
business professionals, which make users more valuable than younger
based networks like Myspace and Facebook” said Marquez.
In September of 2006, the most popular social networking site on the
Internet, MySpace, was purchased by News Corp for $580 million, the
company is run by media mogul Rupert Murdoch. Business Week
speculates that Facebook, the popular college network started by 23
year old Mark Zuckerman has already rejected a $750 million buy out
offer, but is currently entertaining a $500 million investment
purchase by Microsoft for 5% ownership of Facebook, which would
value the company at $10 billion.
Another popular networking site, LinkedIn has attracted buyout
attention from some big media players as well.
One of RedCarpetMonday’s biggest competitors in this elite online
business space is aSmallWorld.net, founded by Erik Wachtmeister.
aSmallWorld is similar to RedCarpetMonday in that to become a
member, you must be invited by a current member. The site currently
has over 130,000 members including Paris Hilton, Naomi Campbell and
James Blunt.
RedCarpetMonday® President Ryan Totka said, “There is plenty of room
for growth in this space and we plan on making RedCarpetMonday® the
premier destination on the Internet for elite business networking.
Our goal is to bridge the gap between building successful business
relationships offline and online. We continue to roll out new
features that make this possible.”
Co-Founder Keith Ingersoll said, “We have started to attract
interest from different investment groups around the country, as
they see the potential value in a high net worth network like
RedCarpetMonday®. While Myspace and Facebook are strictly Internet
based, RedCarpetMonday's exclusive events add a real life networking
experience and provide extended value to our sponsors. Before we
make any fast decisions about selling any interest, we are going to
weigh our options and do what is best to grow our company.”
RedCarpetMonday® was started in May of 2006 by Ryan Totka, Keith
Ingersoll and Ernie Falco III, at which time, all three Orlando
entrepreneurs, were under the age of 30.
For more information, visit
www.RedCarpetMonday.com or contact Michelle Hiresh. |
