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Monday, September 22, 2008

Allen & Company Leads $2.6 Million Investment in CityVoter.com, Fueling Company Growth and Distribution

Allen & Company Leads $2.6 Million Investment in CityVoter.com, Fueling Company Growth and Distribution

Poised for growth, CityVoter.com secures strategic investment from media industry leaders and welcomes Curt Viebranz, former CEO of Tacoda, Bradley Wechsler, co-CEO of IMAX, and media investor Vivi Nevo to its advisory board.

CAMBRIDGE, Mass., Sept. 22 /PRNewswire/ -- CityVoter.com today announced it has closed a second round of funding for $2.6 million. Second round primary investors include Allen & Company and Series A investors Dace Ventures. The company welcomes Curt Viebranz, former CEO of Tacoda, Bradley Wechsler, co-CEO of IMAX, and media investor Vivi Nevo to its advisory board.

This round fuels a period of tremendous progress and growth for CityVoter.com. Its engaging national social platform simultaneously helps innovative media companies like Belo, FOX, Gazette Communications, Hearst- Argyle, McGraw-Hill, and Post-Newsweek engage their local audiences and monetize their websites.

CityVoter.com recently welcomed local market leaders San Francisco Chronicle / SFGate.com, Houston's KPRC, and Seattle's KING 5 television to their client list, which has expanded from two to more than 20 partners since 2007. CityVoter.com represents leading media companies in more than 30 percent of the top 50 DMAs and is positioned for further growth as its national audience expands and digital and traditional media channels continue to merge.

"We are seeing a great deal of innovation today aimed at helping traditional and local media companies evolve from single-channel to multi- platform business models," said Matt Booth, senior vice president and program director, Interactive Local Media, The Kelsey Group. "Having established relationships with many top media companies and local television stations, CityVoter.com is effectively carving out its share of the market."

CityVoter.com features business profiles and user-created guides, contests and recommendations on more than 55 cities, including the entire list of the top 50 DMAs. Its newly released geo-targeting feature gives CityVoter.com exciting new opportunities in 50 plus markets and allows people to explore beyond pre-defined metro areas to find hidden gems and the best places to eat, drink, shop and visit.

CityVoter.com is expanding its executive team as well. Chris MacDonald joins CityVoter.com as Vice President of Sales to lead the company's efforts to grow and monetize its social platform. Chris has been in sales management for more than 10 years, most recently as General Manager for Viamedia in New England.

"We are thrilled to be working with Allen & Co and our other investors," said Joshua Walker, CityVoter.com's founder and CEO. "This group brings rich media experience to CityVoter.com. With these trusted advisors, we are well positioned to accelerate our growth and realize our vision."

About CityVoter.com

CityVoter.com is the leading social platform for the insider's scoop. It allows insiders who know a city best to share their insight with information, ratings, and reviews on everyday decisions. By eliminating the guesswork from daily life, CityVoter.com helps people make the best decisions in all aspects of their lives, not just around the big events. Founded in 2005 and headquartered in Cambridge, Massachusetts, CityVoter.com helps leading media companies like Belo, FOX, Gazette Communications, Hearst-Argyle, McGraw-Hill, Post-Newsweek, and the San Francisco Chronicle, a division of Hearst Corporation to engage and monetize their local audience, successfully converge with digital media, and immerse their brands into the local social experience. For more information, visit www.CityVoter.com.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Joshua Walker https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=64978


Source: CityVoter.com

CONTACT: Caralyn Quigley Stern of CityVoter, Inc., +1-617-741-3100 ext
150, cstern@cityvoter.com, or Eileen Pacheco, For CityVoter, Inc.,
+1-781-556-1026, eileen@tango-group.com

Web site: http://www.cityvoter.com/


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