Snap Interactive (STVI.OB) Turns Profitable with 16 Million Installs of Popular Web Application
Snap Interactive designs applications for use in many social networking programs. This is a relatively new space and is continuing to grow rapidly as millions of people join the social networking sites of Myspace.com, hi5.com, Facebook, and Bebo. Snap’s applications for online dating entitled "Are You Interested", "Meet New People" and "Flirt With Me" are already on the top social networking sites. When combined, all the Snap Interactive applications have over sixteen million installs and well over one million visitors a day. The Company utilized the explosive growth of social networking websites and the mushrooming effect that comes with these…