G2Bay Launches New Social Networking Site That Helps People Make and Save Money

Mumbai, Maharashtra, India

G2Bay.com, a social networking site focused on providing people an opportunity to monetize their information, launched its fifth module called Million Dollar Page where every member can make up to a million dollars by sharing the information they possess.

"Enough is enough." said Sunil Tagare, founder and CEO of Research4, Inc., owner of G2Bay. "Whether you are uploading your resume on Monster, your profile on Shaadi.com, chatting with friends on Myspace, Orkut and Facebook or reviewing products on mouthshut.com, you are giving away valuable information for free. Your information helps create billion dollar companies, with nothing coming back to you. You need to ascertain your right to get paid for the information you are giving away."

"As India moves towards a knowledge-based economy, it will generate a staggering amount of Information. We will enable individuals and companies to set up shop on G2Bay to monetize this. Information, after all, is the new world currency," said Tagare.

Tagare added "This is a grass-roots movement. Internet users now have an option to monetize the information they routinely give away for free." On the Million Dollar Page module, members review the cars they drive, plumbers, doctors and auto mechanics they use and the stocks in their portfolio. They also can share their news, photos, predictions and blogs. The more following they build, more money advertisers will pour on their Million Dollar Pages.

G2Bay currently has five modules and is working on 10 more. "Our goal is to create a platform where every piece of information given away for free today can be monetized," said Tagare.

The first module called "Jobs" acts as a recruitment agency that splits its 10% commission with job-seekers 50-50, giving each job-seeker thousands of dollars as a starting bonus. The second module called "Business Cards" allows members to sell the business card information they collect on a daily basis. The third module called "Answers" allows anyone to make money by answering questions posted by other members. The fourth module called "Personals" allows members to post their profiles and make money as other members pay them to get in touch with them.

"G2" is the military terminology for intelligence or information. Research4, Inc.owner of G2Bay, is a privately-funded company based in Silicon Valley. Tagare is a serial entrepreneur and this is his third startup. More information on Tagare can be found at www.g2bay.com/founder

Ravi Govilkar, Public Relations, Research4, Inc. Mumbai, + 91 (022) 2781 1049 / + 91 9819667746 ravigovilkar@g2bay.com

Source: G2Bay India (Business Wire India)

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