Innov8 Social Media PLC
Innov8 Social Media PLC: Public Beta Launch of Xen’s Semantic Web Platform
Innov8 Social Media PLC / Key word(s): Miscellaneous 31.01.2012 / 20:05 --------------------------------------------------------------------- London, United Kingdom The Board of Directors of Innov8 Social Media plc (Ticker: I8SM) are delighted to announce the accomplishment of a significant milestone by the Management of investee company, Xen Inc, following the public beta launch of their semantic web platform last week, which can be found at www.xen.com. Xen employs a number of highly-skilled social media and semantic technology professionals, and has been developing and building a unique first-of-its-kind platform for several years. The launch of the public beta is major development for the Company, as it is the first opportunity for consumers to test this exciting new technology. Xen's Platform aims to reorganise the internet, and become the new standard for exchanging interests redefining the way people connect with friends, discover new content and share personal interests. This is achieved through the harvesting of user data generated from a vast number of existing social media applications and websites (i.e. Facebook, Twitter, YouTube). Xen's unique technology makes sense out of these pools of data, which are used to create a unique Interest Graph of semantic relationships for each user, based on that users' online activities. This enables the consumer to use their interests for a personalised searching, sharing, matching and browsing on the web. ** END OF NEWS RELEASE ** About Innov8 Innov8 Social Media Plc ('Innov8') is an active investor in social and digital media technologies, which was formed in 2011 to capitalise on a number of opportunities in this rapidly growing and dynamic market segment. The Company looks to grow its existing portfolio of assets which range across a number of subsectors including semantic web 3.0 solutions, social data analytics, e-commerce and social gaming. Innov8's vision is to become a globally recognised, market leading investment platform for young companies and emergent technologies in the social and digital media sectors. Innov8 Social Media Plc, 1 Kings Avenue, Winchmore Hill, London N21 3NA, UK www.inov8social.com or www.innov8socialmedia.com Stock Exchanges: Frankfurt, ISIN: GB00B7619Q46, Ticker: I8SM, WKN: A1JNWE Disclaimer This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Innov8 Social Media Plc as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. End of Corporate News --------------------------------------------------------------------- 31.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 154765 31.01.2012
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