HSW, Incorporated Acquires Daily Strength

HSW International, Inc. Acquires DailyStrength,   A Leading Social Networking Site   ATLANTA, Georgia—December 3, 2008—HSW International, Inc. (NASDAQ: HSWI), a developer and operator of Internet businesses focused on providing locally relevant, high quality information, today announced the acquisition of DailyStrength (www.dailystrength.org), one of the largest and most comprehensive health-related social networking sites. Launched in March 2007 by CEO Doug Hirsch, a former senior executive of Facebook and one of the first employees of Yahoo!, DailyStrength (www.dailystrength.org) hosts more than 500 communities focused on issues such as weight loss, divorce, parenting and illnesses.  Under the merger agreement, Hirsch will join HSW International as Senior Vice President with responsibilities including DailyStrength and the Company’s social media strategy.  Hirsch will also lead the implementation of social networking and user-generated content applications across HSW International’s global content publishing platform. “With this acquisition and Doug’s new role, we have an enormous opportunity to extend HSW International’s proven publishing platform with social networking applications and communities,” said Gregory Swayne, President of HSW International.  “The marriage of social media with HSWI’s breadth of authoritative content will offer users of our websites a unique and compelling experience to both read and interact with high-quality, accurate reference information.  Additionally, the incorporation of professionally authored content with social media bridges the gap between user generated content and the reliability that comes from trusted publishing brands.” “HSW International’s commitment to providing authoritative, relevant content to help consumers in their daily lives is a great fit with DailyStrength’s mission,” added Hirsch.  “We create online communities and support services to help people cope with health, stress and other challenges of modern life – issues that people the world over face daily.” More than 700,000 people visit DailyStrength every month, generating approximately 20 million monthly page views.  The site features health journals, discussion forums, virtual hugs, member-created groups, and treatment reviews plus unique content provided on a daily basis by physicians and other health professionals.  HSW International will invest in DailyStrength to expand its offerings, in addition to integrating the best of DailyStrength’s social media technologies into HSWI’s web publishing platform. The acquisition follows the HSW International announcement in September of an exclusive content partnership with World Book, Inc.   In 2009, World Book will create thousands of original Chinese-language articles providing information on all branches of knowledge, including arts, sciences, history, technology, mathematics, sports, and recreation, exclusively for HSW International's Beijing-based website, BoWenWang (http://www.bowenwang.com.cn/). (For additional information, read Doug's Journal.)

Replies

deleted_user
deleted_user

Hmmmmmmmmmmm.

In-ter-est-ing...

Hugs and Mojo
Weebs
deleted_user
deleted_user

Is it the social networking that is bad? I don\'t know enough about it to comment.
deleted_user
deleted_user

I am not sure whether this is good or bad, but I am somewhat apprehensive about it just the same. Doug was supposed to have developed this site as a tribute to one of his friends who died of cancer, and based on that, I do not believe that he would do anything of a detrimental nature to this site and the members who belong to it.