Paltalk Earns Ranking in Inc. 5000 Awards as One of Fastest-Growing Companies for Second Consecutive Year
August 26, 2008 (PRLEAP.COM) Business NewsNew York, NY – August 26, 2008 – Paltalk, the leading real-time, video-based community with over four million active members, today announced their inclusion on Inc. Magazine's top 5000 list of fastest-growing, privately-owned companies in the United States. Honorees are chosen based on revenue growth from 2004-2007. This is the second time that Paltalk has appeared on the list in as many years.
During 2007, Paltalk launched a number of new initiatives, including PaltalkScene, a suite of originally-produced shows featuring content ranging from sports, music, entertainment and politics. These programs have allowed Paltalk users to interact with guests and hosts directly through live video chat. To date, PaltalkScene has featured top celebrities, athletes and entertainment personalities such as JoJo, William Shatner, Slash, Plaxico Burress, Kiefer Sutherland and David Duchovny.
"To be included again on the prestigious Inc. 5000 list is tremendous validation of not only our business model, but the value of our socialcasting service to our members," said Joel Smernoff, President and COO of Paltalk. "This is another step towards taking our service to the next level, and we expect to bring on top celebrities and add new shows to our socialcasting platform, and partner with even more leading media and entertainment organizations in the future."
This recognition continues to build on the positive momentum the company achieved with their recent announcements and product launches, including the beta release of PaltalkExpress, a Flash-based version of the Paltalk service which allows users to access the video chat platform from anywhere, regardless of location or browser used. Paltalk has also announced partnerships with major media companies like Radio America, XM Radio, and Island Def Jam/Mercury Records.
For more information on Paltalk, visit www.paltalk.com
Paltalk is the premier real-time, video-based community bringing together traditional broadcasting media, social networking, user-generated content and video chat. With more than 4 million active users, Paltalk hosts the world's largest interactive video community, PaltalkScene, offering thousands of users the ability to watch and interact with online video programming, including serialized shows, live events, and user-generated content, as well as interact with each other through real-time voice, text and video chat.
Paltalk's diverse programming includes Paltalk original shows featuring celebrities, radio personalities and newsmakers such as the radio jocks Opie and Anthony and Diana Falzone. The company also broadcasts live interactive video chat events, such as musical performances and comedy variety shows. Paltalkers can interact with the featured hosts and performers in real-time as well as other members in the room. Recently, Paltalk hosted live broadcasts with famed musician Slash and world-renowned author Stephen King. Paltalk also offers its users the ability to create and share their own user-generated video content with each other and to the broader community.
About the Inc. 5000
The 5,000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at http://www.inc5000.com