Paltalk Selected by AlwaysOn as an AO100 Top Private Company Award Winner

Paltalk Selected by AlwaysOn as an AO100 Top Private Company Award Winner

Recognized for Leadership in Emerging Technology and Global Business Potential

NEW YORK, July 18 /PRNewswire/ -- Paltalk, the leading real-time, video-based community with over 4 million users, today announced that it has been chosen by AlwaysOn as one of the AO 100 Top Private Companies for 2007. The fifth-annual elite AO100 list was compiled by the AlwaysOn editorial panel. In order to be eligible for the AO100 list, companies had to be peer-nominated, with AlwaysOn receiving more than 1,000 nominations from venture investors, investment bankers and other industry experts.

Paltalk and the AO 100 Top Private Companies for 2007 will be honored at the AlwaysOn Stanford Summit to be held July 31 - August 2, 2007, at Stanford University. The Stanford Summit is a two-and-a-half-day executive gathering that highlights the significant economic, political and commercial trends affecting the global technology industries. The idea behind the AO100 top private companies list is to identify the most promising entrepreneurial opportunities and investments in the global technology industry.

"AlwaysOn recognizes the leading companies impacting emerging technology and global business and it is a tremendous milestone for Paltalk to be included in this prestigious list," said Joel Smernoff, President and COO. "AlwaysOn also provides us an important platform to introduce our socialcasting technology and to further establish our company as a driving force in this growing space. We firmly believe that the ability to bring more engaging and interactive experiences to online video viewing represents the next phase in digital media and we are excited to continue developing new aspects of our technology to feed this growing sector."

With its patented multicasting technology, Paltalk offers a unique socialcasting platform that combines traditional broadcast media, social networking, and voice, video and text chat, and allows users to watch and interact with online video programming in real time. Through the latest version, PaltalkScene, and applications such as Screening Rooms, Paltalk enables a new way to view video on the Net, including both user-generated and licensed content -- in addition to Paltalk's own live, interactive programming, such as comedy shows and musical performances. As a leader in socialcasting, Paltalk provides traditional and new media outlets with a way to further engage their audience by adding new layers of interactivity to viewing. Paltalk will be showcasing PaltalkScene at the Stanford Summit on July 31st.

A full list of all the AlwaysOn Top 100 Private Companies can be found on the AlwaysOn Web site at: http://alwayson.goingon.com/permalink/post/15899

"Inclusion in the AlwaysOn Top 100 Private Companies is a great honor, further validating our commitment to driving the next generation of online video with our socialcasting platform," said Jason Katz, Paltalk's CEO. "As we continue to develop technology that takes media -- traditional and online -- to the next level, being recognized by the AlwaysOn community is a great milestone for our company. We look forward to continuing to innovate and bringing new forms of interactivity to this quickly evolving space."

About The AlwaysOn Stanford Summit: The Stanford Summit is a two-and-a- half-day executive gathering that highlights the significant economic, political and commercial trends affecting the global technology industries. The Stanford Summit features the most innovative companies, eminent technologists, influential investors and journalists in keynote presentations, panel debates and private company CEO showcases. The Stanford Summit's goal is to identify the most promising entrepreneurial opportunities and investments in the global tech industry.

About Paltalk

Paltalk is the premier real-time, video-based community pioneering the new socialcasting movement. Paltalk's platform brings 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 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 including regular programs with celebrities, radio personalities and newsmakers such as the radio jocks Opie and Anthony and Samantha Daniels. 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. 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 AlwaysOn

AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Stanford Summit, AlwaysOn Hollywood, AlwaysOn Media and GoingGreen) and quarterly print "blogozine" by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.

Source: Paltalk

CONTACT: Kristin Conforti of Dukas Public Relations for Paltalk,
+1-212-704-7385 ext 114, kristin@dukaspr.com; or Elizabeth Anderson of A&R
Edelman for Always On Stanford Summit, +1-650-762-2800,
eanderson@ar-edelman.com

Web site:

http://www.paltalk.com/
http://alwayson.goingon.com/permalink/post/15899

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