Search Engine from Web Host AIT, Reveals Development Release Date

Web hosting provider, Advanced Internet Technologies (AIT)'s tyBit search solution's release date, is on schedule for the 3rd quarter of 2008.

Channel partners and advertisers will be able to sign up and begin using the application for profit during the release. Company officials also indicate that tyBit searches for May hit an all-time high of 3.8 million, up from 3.2 million in April 2008.

Kitti Jo Finch, GM of tyBit noted, ''The site didn't really go live until November 2007 and in six months has achieved double digit growth in terms of searches and traffic. I think it is very clear now that we will be a serious player in the search space.''

tyBit is a major shift for online search, moving away from the centralized search engine model to a patent-pending, decentralized application that distributes web crawling, indexing, and browser content delivery.

Sean McCoy, Chief Marketing Officer of tyBit affiliated company AIT, remarked, ''tyBit will impact the search industry overnight. By enhancing the user experience and sharing 40% of revenue with partners as well as improving interactive ad ROI for advertisers, everyone will win. We are going to give advertisers an itemized bill detailing charges. We also believe that tyBit will revitalize the traditional print and broadcasting industries with respect to interactive advertising who have been losing 12% to 14% in ad revenue yearly to the online search giants.''

tyBit's goal is to provide accelerated search and maximizes relevancy by allowing users to search the web quickly and thoroughly, by instantly submitting searches to multiple online directories, major engines, and other data sources in the public domain displaying all of the results in a single window on the desktop or PDA. As the information on the web grows exponentially, search relevance becomes more difficult. tyBit answers the relevance question with grid computing, learning subscribers' preferences, searching multiple sources, displaying the most current information and searching local content based on a subscriber's actual location. It also offers privacy protection, reduces click fraud and with the formation of a partnership with a leading security software manufacturer.

Ryan Sherstobitoff, Product Technology Officer for Panda Security commented, ''tyBit now has the ability to protect users from bots and malware in real time while they are browsing the web.''

Clarence Briggs, Founder and CEO of tyBit added, ''The initial spark that drove the development of tyBit was our dissatisfaction with the search industry's pay per click model and the associated click fraud. Our click fraud experience with Google and the class action lawsuit, and then the Fayetteville Publishing Company on a local level, led to litigation. So we said, there's a problem, and at the end of the day litigation may or may not change anything. The long term business solution is to attack the problem head on with a market alternative and tyBit is our answer. We have over 45 major partners who will receive their private labeled versions of tyBit including media companies, telcos and carriers, OEMs, software providers, government, education and service providers who have indicated that they are frustrated because they don't feel they are getting their fair share of the interactive advertising dollars even though they have the relationship with subscribers. They also want customization and transparency which they aren't getting now. We can deliver this to them with tyBit.''

Company officials indicate that tyBit is working with several interested capital firms to complete an $80 million first-round financing. AIT has never taken outside equity investment but instead built its business out of cash flow. The 5-year plan for tyBit aims to achieve annual revenues in excess of $6 billion.

Paul Stapleton, Managing Director of DH Capital, LLC noted, ''tyBit is an interesting initiative because it combines unique technology with a business model that allows traditional media to get back into the game and earn their share in the advertising market.''

Berge Kaprelian, President and CEO of Beka Publishing of Channel Vision magazine offered, ''While the major search engines seem preoccupied with becoming media content moguls, tyBit seems intent on redefining the search paradigm to produce greater relevancy, reduce click fraud and offer channel partners a piece of the search advertising pie. It's an interesting development that we will definitely keep our eye on.''

Kevin Pollard, former Chairman of the New Orleans Area Regional Chamber of Commerce; Director of the World Trade Center of New Orleans, and Managing Partner and President of GlobalSolve Management Services commented, ''The fact that Clarence Briggs has announced stepping away from his position as CEO of AIT in order to devote his full attention to tyBit, speaks volumes about his personal commitment to the tyBit vision. His personal leadership and long-time management team have propelled AIT to 11 years of profitability and success. I've known these guys for years and the one thing that they do exceptionally well is execute.''

tyBit is affiliated with AIT web hosting and domain registration company, that has achieved 12 straight years of sustained profitability and has generated $100s of millions in revenue. AIT has been named twice to the Inc. 500 list of fast growing firms, and thrice to the Deloitte and Touche Fast 500 list, and has been previously named as the NC Entrepreneur Firm of the Year. Additionally, Mr. Briggs recently returned from Washington, DC after briefing Senators Elizabeth Dole and Richard Burr about the formation of the Briggs-tyBit Charitable Foundation for Education. The mission of the foundation is to provide 30 to 40% of tyBit gross revenues to fund education in North Carolina.

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News: Search Engine from Web Host AIT, Reveals Development Release Date