DND Technologies Readies for Rapid Growth
June 30 2010 - 11:11AM
Marketwired
DND Technologies, Inc. (PINKSHEETS: DNDT), an Internet technology
holding company, today announced that its subsidiary, MatchingAds,
its first classified ad site in Phoenix, is live with upgraded and
improved software.
Internet Classified Ads Growth
In 2003, the market for classified newspaper ads in the United
States was $15.9 billion according to market researcher Classified
Intelligence. According to a survey completed by the Pew Research
Center's Internet & American Life Project in April 2009, from
2005 to 2009, newspaper classified ads revenues decreased by nearly
50%, while Internet classified ads usage and revenues, such as
Craigslist, doubled during that same period. The number of online
adults that visit and use classified ads websites, such as
Craigslist, has more than doubled since 2005.
"These findings highlight the growing importance of Internet
classified ad websites and reflect the dramatic shift from
traditional newspaper classified ads to Internet classified ads and
the significant increase in the number of people who depend on
Internet classified ads to buy and sell commodities," said David
Pollei, DND Technologies President & CEO.
DND Technologies Poised to Grow
"Our business model is unique in the Internet classified ads
space as we build an Internet classified ad market in local
communities by partnering market by market with TV stations
nationwide. Our first roll out is with the FOX TV station in
Phoenix. We have been operating in Phoenix for months and have just
finished our software upgrades, which poise MatchingAds and
MyFoxPhoenix website to grow in the market. MatchingAds is creating
similar partnerships with other TV stations in all other US
markets."
With the local marketing power of TV and their influence in
local regions MatchingAds is rolling out the classified ads model
in other markets and should grow rapidly. "With our software
operating efficiently and our Phoenix market growing daily, we are
very optimistic about our growth for the next several months."
For more information on DND Technologies and its subsidiary,
MatchingAds, Inc., please visit our websites:
www.dndtechnologies.com
www.matchingads.com
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 Statements in this press release relating to
plans, strategies, economic performance and trends, projections of
results of specific activities or investments, and other statements
that are not descriptions of historical facts may be
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking information is inherently subject to
risks and uncertainties, and actual results could differ materially
from those currently anticipated due to a number of factors, which
include, but are not limited to, risk factors inherent in doing
business. Forward-looking statements may be identified by terms
such as "may," "will," "should," "could," "expects," "plans,"
"intends," "anticipates," "believes," "estimates," "predicts,"
"forecasts," "potential," or "continue," or similar terms or the
negative of these terms. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements. The company has no obligation to update these
forward-looking statements.
Please contact for additional information, interviews and
Investor Relations: Telephone: 800 341-8940 Fax:
888-236-2899
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