Friendster Partners with Leading Online Classifieds Site OLX

Friendster, Inc. (www.friendster.com), a leading global social network that helps people reconnect and stay in touch with friends and discover new people and things that are important to them, announced the launch of a multi-year partnership with OLX (www.olx.com), a next-generation global online classifieds listing provider. Friendster members anywhere in the world can now post listings for free and access locally targeted classifieds. OLX powers this dynamic classifieds product platform for the Friendster community. Although financial terms of the deal were not disclosed, advertising revenues will be realized by both companies.

Through this partnership with OLX, Friendster's 40 million members can now post classified listings and search for listings in their specific region. The categories of listings include Jobs, For Sale, Services, Vehicles, Real Estate, Personals, Community, Classes and Resumes. Users searching for listings can narrow their search by country, state/region and city, and for searches in the United States, users can also search by distance from a zip code. These new features can be accessed from links such as "Classifieds" at the top of all Friendster.com pages.

"As the 18th largest Web property in the world, Friendster is excited to offer another valuable set of features to support the personal needs of our users," said Aaron Barnes, vice president of global sales and business development at Friendster. "OLX provides a best-in-class classifieds product with an exceptional user experience, which is a key component to our product strategy and monetization at Friendster."

"Friendster is a leading global brand, and this partnership allows Friendster members to get more out of their daily social networking activity," said Fabrice Grinda, founder and CEO of OLX. "As the leader in global classifieds, our service will be another advantage that Friendster offers its members. OLX is glad to be part of the renewed Friendster experience, with a member community that continues to grow rapidly and now has over 21 million monthly unique users worldwide."

About OLX

OLX is the next generation of free online classifieds. OLX provides a simple solution to the complications involved in selling, buying, trading, discussing, organizing, and meeting people near you, wherever you may reside. OLX is used in over 30 countries in 6 languages. The company was founded in March 2006 and is privately held. For more information, visit: www.olx.com.

About Friendster

With more than 40 million members worldwide, Friendster is a leading online social network. Friendster is focused on helping people stay in touch with friends and discover new people and things that are important to them. Friendster's trusted network, which emphasizes genuine, real-world friendships, is popular among people of all ages, but is particularly popular among young adults. Friendster has a growing portfolio of patents granted to the company on social networking, with more expected over the next several months. Headquartered in San Francisco, California, Friendster is backed by Kleiner Perkins Caufield & Byers, Benchmark Capital, DAG Ventures and individual investors. For more information, visit: www.friendster.com.

Source: Friendster, Inc.

Web site:
http://www.friendster.com/
http://www.olx.com/