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Shopit to Launch Shopit Store App on hi5

LOS ANGELES - 
      Shopit, the leader of a new revolution in ecommerce, today announced 
      that it will launch the
Posted : Wed, 15 Oct 2008 10:02:04 GMT
Author : CA-SHOPIT
Category : Press Release
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LOS ANGELES - (Business Wire) Shopit, the leader of a new revolution in ecommerce, today announced that it will launch the Shopit Store App on hi5, one of the worlds largest social networks and the first to Release 0.8 OpenSocial Standard. Shopit is the leader in peer to peer social commerce network on the web. The Shopit platform easily enables fully functional and synchronized commerce within Social Communities. Empowered by hi5s newly announced Developer Platform (http://www.hi5networks.com/developer), users can build stores within profiles with the click of a button and sell to friends, people in their social community, and even people in other networks.

The Shopit Store App connects hi5 users with similar interests in items that people are selling or interested in buying. Users can quickly add products and services and transact in multiple currencies, in specific local areas, directly from the app. This functionality compliments the international hi5 community which focuses on localized, culturally-relevant social networking experience with local dialects and local ad partners.

Transactional Commerce is growing very fast in social communities. Our unique ecommerce platform, combined with hi5s international reach, will make for exciting global growth, says Matt Hill, CEO of Shopit. Hi5 users can now leverage the power of a growing global commerce network that spans across multiple communities, currently reaching over 350 million people.

Shopit enables users to conduct commerce right from their hi5 profile and can be found in the Shopping category on hi5. The application can be added directly to a hi5 page by clicking here.

About Shopit

Shopit is the leader in free social commerce, allowing users to buy and sell products and services within social networks for free. The platform enables efficient sharing and publishing of products and information anywhere online. Products and services can be directly linked from Shopit to any site, including popular destination properties like MySpace, Facebook, AIM, Bebo, Friendster, Blogger, hi5, Ning and many more. Shopit's free commerce platform also supports the functionality to synch with traditional ecommerce sites such as eBay, Craigslist, and Yahoo Stores.

For more information, go to http://www.shopit.com.

About hi5 Networks

Headquartered in San Francisco, hi5 is one of the world's largest and fastest growing social networks and mobile web networks. Our focus is to empower our users to build and maintain connections between friends and family online. With over 56 million unique visitors every month, hi5 is a top 20 website globally and the number one social network in 31 countries across Latin America, Europe, Asia and Africa. The service is available in 37 languages, delivering localized content and applications to users worldwide.

Shopit
Stephanie Pac, 310-987-7950
stephanie@shopit.com


Copyright © 2008 Business Wire. All rights reserved.



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