Prnewsnow Reach the World NOW

↑ Grab this Headline Animator

Loopthing Business Network Targets Economic Downturn



The Loopthing Social Business Network has been launched. The Irish based company aims to target the economic downturn by boosting the communication, networking and revenue generating capabilities of business communities on a local, national and international level. During a time when protectionism and declining exports are of huge concern, business use of international web information and networking tools is gathering significant momentum.





Loopthing'ss basic ability to control media content through video, audio, pictures and open file formats allows for the creation of a mass media international business network. Together with the ability to form specific networking groups with no geographical constraints, it is possible for businesses to open up new windows of opportunity by utilising the network.



What we'sre providing here is a new route to market for businesses worldwide. What'ss most amazing about this is that we figured out a way to connect individuals and businesses through social media, so that everyone can benefit. It costs nothing to join and use the network, because our business model involves using only open source technology to keep the development and running costs low., said the 24 year old CEO and founder of Loopthing, Joseph Kelly who is a Masters graduate from Cass Business School in London.



Just like most of the companies thriving in the web startups boom, Loopthing is operating with a small team. However, all the members of the team are dynamic people with a strong background in web development and business which makes them a good bet for potential investors. The company currently employs three full-time staff in Ireland, but also has and continues to utilise a group of international businesses and individuals for particular aspects of development. The company is currently growing its team and expects to double its number of employees by the end of the year, and again by end 2010. Turnover at that period is estimated at just under 's8364;500,000, increasing to 's8364;3.6 million by end 2011.



The project recently completed its 2nd release, and the 3rd release of features is already well underway. This will greatly enhance the design and functionality of the network, so keep an eye on the company'ss blog for details of the upcoming release. http://blog.loopthing.com



Loopthing was designed as an addition to a company'ss own web presence, which is essential for any modern company willing to negotiate through today'ss market dynamics. However, being able to collate businesses and individuals together into interactive networks with no geographical imitations is the information and communication resource that the company aims to master. Much in the same way as Twitter became a new broadcasting tool, Linkedin as an employee networking tool, Youtube as your video channel, Loopthing wants to be seen as any company'ss interactive online business card.



The CEO concludes: We believe that anyone serious about their online presence should be on Loopthing and our service should be part of their PR strategy. There is a serious need for a dedicated international social business network, and we aim to provide the solutions for that need. Although just launched we have close to 100 businesses using the network from varying international locations and we aim to have over 80,000 businesses on board by the end of the year



To learn more details about the service Loopthing can be accessed at http://www.loopthing.com






Prnewsnow Reach the World NOW

↑ Grab this Headline Animator

This article has been robotically scanned and tagged by Prnewsnow with the following search tags. No human manipulation of these tags take place.
| Cathy | Ylang23 Com | shop cfmshopby designers& |




Last 1000 Articles Submitted XML FEEDS FOR ORGANIZED NEWS