Name Dynamics Makes a Strategic Investment In KnowEm, Targeting Business Identity Through Social Network Profiles
KnowEm and Name Dynamics' UniversalBusinessListing.org to partner on key markets and product development.
CHARLOTTE, N.C., Nov. 11, 2010 /PRNewswire-FirstCall/ -- Name Dynamics Inc, (Pink Sheets: NDIX) the company behind UniversalBusinessListing.org, announced it has agreed to make a strategic investment in KnowEm LLC, which manages brand identities across social networks.
It is part of a broad strategic partnership that will see both companies jointly sell their products to the business community. Financial terms of the agreement will not be disclosed until a definitive agreement is completed in the New Year. KnowEm LLC is a New Jersey-based privately held company, founded by Barry Wise and Michael Streko.
KnowEm assists businesses in securing their brand names in social network profile pages to protect and grow their identity. The company has helped to reserve over 350,000 profiles and reported over 25,000 issues of squatting and misrepresentation of a brand, username or trademarked term.
Name Dynamics' Universal Business Listing service manages the business profiles as seen on search engines, online yellow pages, social networks, mobile phones, GPS devices and social networks. It provides service to thousands of businesses, interactive agencies and affiliates.
Name Dynamics CEO Doyal Bryant said: "This is a clear strategic fit for our company and for our clients in what is the fastest growing area of business identity."
KnowEm Co-Founder Michael Streko said, "We are excited about this partnership and investment from UBL.org, and we look forward to using the funds to expand our platform and service base for our current and future clients. The service that UBL provides has been a frequent request from our existing clients, so we are eager to integrate it onto our enterprise dashboard."
About Name Dynamics Inc
Headquartered in Charlotte, North Carolina, Name Dynamics Inc creates products that expand the scope of public identity for businesses and how they communicate it online across search engines, social networks, mobile phones, directory assistance and the next generation of online Yellow and White Pages. The company's branded product UniversalBusinessListing.org (www.UBL.org) has been recognized as one of the key tools for local search visibility. For more information, please visit us at www.NameDynamic.com or by calling 704-930-0302.
This news release may contain forward-looking statements. Forward-looking statements are indicated by words such as "expects," "intends," "anticipates," "believes" and similar expressions. Our ability to achieve the results anticipated in such forward-looking statements is subject to risks and uncertainties, including, without limitation, our ability to successfully centralize and consolidate various support functions, in addition to general economic conditions, operating results, market acceptance of our solutions and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission. These forward-looking statements are made in accordance with "safe harbor" provided by the Private Securities Litigation Reform Act of 1995 and no assurance can be given that the future results that are the subject of such forward-looking statements will be achieved. The Company undertakes no obligation to publicly update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise.
About KnowEm
KnowEm.com (http://enterprise.knowem.com) monitors hundreds of popular websites for social media identity theft. By entering a username, which can be a brand name, Internet identity, or vanity URL, KnowEm.com allows you to instantly monitor the availability of that username on over 300 popular social media websites such as Twitter, MySpace and Digg.
SOURCE Name Dynamics Inc
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