Video Classified Start-Up Gets National Nod from Wall Street Journal

Beaverton, OR, August 21, 2007 --(PR.com)-- Spynbuy.com, a local Beaverton Company which operates one of the world’s original online video classified websites is recognized by the WSJ. The company operates an online site where members join for free to post video’s of items for sale with options to link them into online auctions like ebay. The WSJ article provides a positive review of the Spynbuy website. Already, the company has gained the attention of investors and other video sharing websites whom are interested in how the new video classified niche’ market will play out on the internet.

After a favorable review in the Wall Street Journal, Spynbuy.com has seen explosive member growth since the World’s Leading Business Journal ran an article on them August 9, 2007; Page D3. Pat Caporuscio CEO of Spy n Buy said, “They called us and we are excited that our first recognition from the media is from the Wall Street Journal. It validates that we are among the top leaders this new business segment.”

Spynbuy, located in Beaverton, Oregon is seeing an explosion in member growth and online video classified advertising. Spynbuy is a free service which recently had a 77 million Dollar Yacht and 12.5 million Dollar Mansion posted for sale on the website, bringing the value of goods listed to over 100 million.
Spynbuy.com has a user base that motivated and growing fast, in part, because the service is free. The company also shares a percentage of all video advertisements which run after each user’s classified ad. Combined with other perks, such as every member can run a free banner on the site; and Youtube videos are easily transferred to Spynbuy, has sparked rapid adoption of the service which got the attention of the Wall Street Journal.

Youtube, the worlds most popular user generated video site, was sold to Google for 1.65 Billion in stock. According to Caporuscio, “The user generated online video market is looking for the next billion dollar idea. It is common knowledge in the Bay Area that the first video service to reach a million users in a non-entertainment segment such as video classifieds could be valued at a Billion dollars due to essentially zero legal copyright infringement issues… Spynbuy could be the next big idea to hit Oregon’s silicon forest.”

About Spy n Buy

Spynbuy is a free social personal and business networking site where people post classified videos of products or services for sale or trade. The free service is ebay and youtube friendly, enabling members the ability to copy over youtube video classifieds into spynbuy, while embedding its content on ebay for free. The company has filed for 5 patents on its business model and technology.

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