INT anybody? Growing faster than Facebook -- realtime chat translator. Not sure about their revenue model but with 100m shares out, they traded over 40 million shares today. Market sure likes it.
Highly spec - do your DD. Palmer from Alpha North likes it he's been pretty spot on for a few things 2010-2011. Quote:
Intertainment's Ortsbo outpaces Facebook growth
2011-01-27 10:13 ET - News Release
Mr. David Lucatch reports
INTERTAINMENT'S ORTSBO OUTPACES FACEBOOK GROWTH IN ITS FIRST 6 MONTHS
The growth of Intertainment Media Inc.'s social media, real-time, translation platform, Ortsbo, continues to outpace the first year growth of Facebook. On a weekly basis with over 1.1 million unique users, 1.5 million on-line sessions and almost six million minutes of user engagement, Ortsbo continues to accelerate its marketing initiatives with viral results. Language and communication barriers continue to erode as Ortsbo users are spending up to 15 minutes per session using Ortsbo's instant translation services chatting with friends, families and colleagues in real time in over 50 languages.
In the article Facebook: Facts & Figures 2010 published by the digitalbuzzblog website, by the end of its first year, 2004, Facebook had one million users. By comparison, after six months of operations, December, 2010, Ortsbo already has over 2.1 million active users on a monthly basis, and currently tracking at over 1.1 million per week, well on its way to Facebook's 2005 second year results of 5.5 million active users.
Today, over 60 million more people speak Chinese and Spanish than all English speakers globally, according to Internet World Stats.
"With Facebook still not actively available in China, Ortsbo has moved quickly to connect its multilingual, real-time translation platform to all leading social media global platforms including China's Tencent QQ and QQ International. This has provided Ortsbo with a significant opportunity to take advantage of the growing Internet population in the region and accelerate its growth," said David Lucatch, president, Ortsbo Inc., chief executive officer of Intertainment Media.
The Mashable website reported on Nov. 15, 2010, that: "All signs point toward an increasingly multilingual future for the Web. It's estimated that over a billion people will be using PCs in the so-called BRIC (Brazil, Russia, India and China) countries alone by 2015, and the opportunity is even greater when you factor more people accessing the Web using mobile devices than computers in many emerging markets. It's time businesses of all sizes embraced the foreign language Internet."
In the article, writer Christian Arno, founder of Lingo24, continues by stating: "In the last 10 years, the use of Arabic on-line has increased by over 2,500 per cent, while Chinese and Spanish rose 12- and seven-fold respectively. And English? It didn't even triple."
Mr. Arno goes on to say: "Today, 42 per cent of all Internet users are in Asia, while almost a quarter are in Europe and just over 10 per cent are in Latin America. These stats shouldn't sway businesses towards targeting one region over another, though -- Latin American countries account for over 200 million people on the Web."
According to ComScore, Latin American tweets are up over 300 per cent between June, 2009, and June, 2010, followed by 243 per cent in the Asia Pacific region, 142 per cent in the Middle East and Africa, and 106 per cent in Europe. By comparison, North America only increased by 22 per cent.
In his Jan. 15, 2011, Globe and Mail article, Surfin' in Tongues, Steve Brearton reports that nearly one-third of Internet usage currently occurs in English. But within five years, Chinese is expected to surpass English as the most-used language on the Web.
Ortsbo's real-time multisession, multiplatform and multilingual application connects to PC and Mac computers, mobile devices as well as all major search engine chat platforms including Microsoft, Google and Yahoo! along with Facebook, iChat, AIM, ICQ, Gadu-Gadu, Ovi, Lotus Sametime, LiveJournal, and Tencent QQ and QQ International, China's largest chat platforms, and Twitter. Ortsbo instantly provides real-time translation capabilities to well over one billion active chat accounts in over 170 countries/territories.
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