Fayetteville, North Carolina – (The Hosting News) – October 4, 2007 – Web hosting and domain registrar, Advanced Internet Technologies (AIT)’s tyBit search solution, has reported that it has reached its one million level subscriber milestone.
According to the revenue calculator located on search engine, tyBit’s website, 1 million subscribers equals up to $140,000 a day in the Internet Search and Advertising industry.
Fraser Net, like many subscriber / member based organizations wants the freedom to chose and customize their technologies to fit their specific needs. Other emerging search tools see this opportunity as well.
Matt Eichner, VP of strategic development and marketing for Endeca, an information access platform that automatically creates categories out of search results remarked, ”The future vision is where information summarizes out to the way you want it to look.”
Duvall Brown, Director of Internet Services at Fraser Net commented, ”We are determined to use tyBit software as an integral part of our network to add value for our members and organization. The revenue share is extremely appealing to us..” With over a million members in the U.S. alone, Fraser Net is one of the largest social networking portals for small-medium size businesses with a focus on Black professionals, ecommerce and minority business owners.
According to Microsoft, people search for 11 minutes before finding what they want while half of them give up before then and abandon their search. However, the Search business is booming with plenty of new-comers challenging the likes of Google and Yahoo to include Collarity, Hakia and Powerset. Susan Feldman, Analyst at IDC offered, ”You need different tools to solve different problems.”
tyBit is a major shift for online search, moving away from the centralized search engine model to a patent-pending client side application that distributes web crawling, indexing, and browser content delivery quickly and securely to users – and its green technology. Clarence Briggs, CEO and Founder of 2-Time INC 500 Web Hosting and Domain Registrar, AIT noted, ”We had to un-think the current model of Internet search and invent something that could compete. That isn’t easy when the competition is bursting with cash and controls 70% of the market. Inventing is a combination of brains, tenacity and money. The more brains and tenacity you use, the less money you require.”
Recently, tyBit won Best Product runner-up at the Channel Partner Expo Show in Las Vegas. To date tyBit has jammed its partner pipeline with over 30 Telcos, Carriers, ISPs, media companies, MLM, OEMs and various other subscriber-based organizations seeking to be strategic partners. Company officials say that the current partner pipeline potentially represents a staggering 40 million plus tyBit subscribers.
Kitti Jo Finch, GM of tyBit offered, ”The reason the pipeline is packed is simple. It is superlative for users, partners and advertisers because it heaps on the value for all three.” Company officials guarantee tyBit accelerates search, increases relevancy, personalizes results, finds the newest information, searches multiple sources, integrates text, video and other media, finds local content based on a subscriber’s actual location, offers privacy protection, reduces click fraud and displays results in a single window – desktop or PDA.
Company officials claimed the drive behind tyBit was their dissatisfaction with the search industry’s pay per click and affiliate model and the associated click fraud. Their click fraud experience with Google, and then the Fayetteville Publishing Company on a local level led to litigation. Mr. Briggs proclaimed, ”There’s a problem, and at the end of the day litigation may or may not change anything. The long term business solution is to attack the problem head on with a market alternative and tyBit is our answer. Our partners have indicated that they are frustrated because they don’t feel they are getting their fair share of the interactive advertising dollars even though they have the relationship with subscribers. They also want customization, accountability and transparency which they aren’t getting now. We can deliver this to them with tyBit.”
Company officials have indicated that tyBit is working with several interested VC Investment Banking firms to complete an $80 million first-round financing. AIT has never taken outside equity investment but instead built its business out of cash flow. The 5 year plan for tyBit aims to achieve annual revenues in excess of $6 billion.
Sean McCoy, SVP of Sales at tyBit added, ”tyBit will unify search and make it so relevant that the term ”search” becomes synonymous with ”find”. Berge Kaprelian, President and CEO of Beka Publishing of Channel Vision magazine opined, ”It’s an interesting development that we will definitely keep our eye on.” Mr. McCoy claims that the next beta release of tyBit is stunning and will ”open” a lot of eyes beyond Web 2.0, citing ”It is going to be part of the browser itself, seamless and fully integrated with a grid computing agent. Couple that with our CEO Clarence Briggs’ recent visit to D.C. and we are going to make a significant political announcement shortly about tyBit and Education, maybe even at ISPCON this October. Everything is bound to change now.”
tyBit is affiliated with AIT, a technology company that has achieved 11 straight years of sustained profitability and has generated $100s of millions in revenue while creating a profound economic influence on its surrounding community. AIT has been named 2 times to the Inc. 500 list of fast growing firms, 3 times to the Deloitte and Touche Fast 500 list, and has been previously named as the NC Entrepreneur Firm of the Year.
To learn more about AIT, please visit: www.ait.com.
For more information about tyBit, please visit: www.tybit.com.