Vidable, Inc. (Other-OTC: VIBE) (the "Company"), an online video classified company, today announced their plan to sell Vidable licenses to allow third parties to sell Vidable digital media services under the Vidable brand for a monthly fee. This new service furthers our goal to penetrate the U.S. online advertising market, which, according emarketer.com's January 2012 forecast, is expected to reach $39.5 billion in 2012.
President Lino Luciani stated: "According to a recent BIA/Kelsey study, small and medium businesses (SMBs) surveyed reported they plan to allocate 26 percent of their advertising budgets to digital/online media over the next 12 months. However, we have found they prefer to do it through various media buying agencies. We have designed our licensing program to encourage third parties, such as videographers, to license our services allowing them to create online videos and set up Vidable channels for local businesses. We believe this will enhance the results for consumers looking to buy on Vidable.com."
About Vidable, Inc.
Vidable, Inc. is a development stage video based e-commerce marketplace company which intends to connect merchants and customers via streaming video, mobile technology and social media. Vidable is establishing a business model that will simplify the e-commerce marketplace that connects buyers and sellers. The company intends to operate a next-generation website that incorporates streaming video and mobile technology and uses various best- of-breed features. Vidable.com will be a centralized Internet portal that allows consumers to find information about various products and services through businesses and consumer posted videos on a local basis. For more information on Vidable, Inc., please visit its website at www.vidable.info.