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First "Gay" Company Traded on NASDAQ: GSociety, Inc. -GSOC-
First "Gay" Company Traded on NASDAQ: GSociety, Inc. -GSOC-
Published 06-03-02
Submitted by GSociety, Inc.
HOLLYWOOD, California - Effective May 17th GSociety, Inc., combined business interests with Capital Development Venture Group, Inc. (CPDG). The surviving entity, GSociety Inc., is now traded under the ticker symbol GSOC, on the NASDAQ, Bulletin Board. Paul Yates, CEO and President, commented, "This represents a significant step for GSOC and for the Gay and Lesbian Community world-wide."
GSOC, is an innovative Media and Entertainment Company serving the estimated 15 to 23 million gay and lesbian consumers in the U.S. with annual buying power of $340 billion. GSOC has created the first true online and offline community specifically designed for the gay market. GSOC has developed a substantial suite of services and products under its corporate aegis, including; original entertainment programming and production services; travel and destination media and publishing, website development and hosting and professional services composed of data and market analysis for and about the gay community.
GSOC has developed unique distribution channels for Fortune 500 companies and advertisers to effectively reach a highly coveted gay/lesbian audience. Through its DANCE1 Video Network, GSOC offers commercial advertising opportunities in over 600 venues, event representation and planning along with bar & club promotions. GSOC, also, offers advertising through a variety of online and offline media. GSOC, has developed a proprietary marketing network that includes a substantial suite of Internet properties, with http://www.gaywired.com, http://www.LesbiaNation.com, http://www.QTMagazine.com, http://www.DANCE1.net, and http://www.GHighway.com, along with offline publications including MiamiGo Magazine and the GHighway Gay Pocket Guides. GSOC has, also, managed promotions that included such premier gay community events as Showtime Network's (a Viacom company NYSE: VIA and VIAB) Queer as Folk Beyond Babylon Tour, LA Shanti Fundraisers, Universal Studios Hollywood Gay Days, and Disney's (NYSE:DIS) Typhoon Lagoon Beach Ball Party at Gay Days Orlando.
The DANCE1 Video Network of video programming and CD's are distributed to 600 venues with 2.2 million monthly viewers. GSOC has attracted a broad range of advertising and marketing partners including American Airlines (NYSE:AMR), HBO (an AOL Time Warner company NYSE:AOL), Microsoft (NASDAQ:MSFT), Showtime Networks and Vivendi Universal, (NYSE:V).
The first gay/lesbian census: In 2001, GSOC became one of three partners comprising the most innovative strategic research alliance destined to make an historic impact on gay/lesbian consumer research. GSOC aligned itself with OpusComm Group and The S.I. Newhouse School of Communications at Syracuse University. The "2001 Gay/Lesbian Consumer Online Census", is an in depth survey which gathered vital information on gay/lesbian/bisexual/transgender (GLBT) consumer buying habits and demographic data; the first GLBT comprehensive census in history.
