MaYoMo 'Social News Network' Launches Beta

NEW YORK, NY--(Marketwire - July 20, 2009) - MaYoMo (Map Your Moments, www.mayomo.com), a powerful new social network for mobile citizen journalists and the most inspired alternative source for global, multimedia news content, today announced it has launched a new, improved beta version of its site. Unlike other sources of world news, MaYoMo delivers independent, global news content with Web 2.0 convenience and flexibility. It is designed for both journalists and independent-minded, socially and globally aware readers around the world who need a new, socially-connected, real-time platform for global news reporting -- and conversation about that news.

"It's a new concept," said Hristo Alexiev, CEO and cofounder of MaYoMo, "a video-centric 'social news network' for journalists and their readers, empowering a new era of Internet news creation and distribution. A key difference with our site is that we'll be providing an income source and career path for our contributors -- both young, aspiring journalists and experienced, professional, independent journalists and bloggers."

Access to all content on the MaYoMo web site is free. Anyone can quickly create an account and start contributing content and uploading photos, video, and other media assets -- from a variety of devices, including video-enabled phones. Contributors who have met certain criteria can create their own "channels" and generate income from them. When a contributor has a channel, he or she will have options to help create better and more viewed content.

"MaYoMo allows contributors to develop networks of colleagues and audiences for collaboration and sharing," continued Alexiev. "We really believe it will help erase borders between countries for professional and aspiring or student journalists alike."

Contributors to the MaYoMo site in its "alpha" form (it was first available in Q4 2008) have already posted more than 50,000 news entries from 214 countries. "We're confident MaYoMo will have unprecedented geographic coverage," said Alexiev. "And we provide the familiarity and comfort of local language and customs." The MaYoMo platform is available in English, French, German, Italian, Russian, Japanese, Spanish, Chinese, Arabic, and Dutch.

"Once fully operational, MaYoMo's shared-revenue advertising model will reward members with 70% of associated advertising revenue, creating an entrepreneurial business opportunity for professional and student journalists around the world," said Pavel Ezekiev, Managing Partner, New Europe Venture Equity (NEVEQ) and a board member of MaYoMo.

About MaYoMo

MaYoMo is a video-centric "social news network" empowering a new era of Internet news creation and distribution. With an ever-expanding corps of mobile citizen journalists reporting from every corner of the globe, MaYoMo is shaping the evolution of journalism and delivering the world's most inspired multimedia news content. Now, thanks to MaYoMo's highly unique and entrepreneurial "news channel approach," professional and student journalists can create and manage their own custom news channels, unleashing new career and income opportunities via the company's shared advertising revenue model. To experience the power of news like never before, and participate in the future of journalism and news content distribution, please visit www.mayomo.com.

Contact Information: Contact: Susan Donahue Skyya Communications ph: +1 646 454 9378