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NEW YORK, June 26, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Answers Corporation (NASDAQ: ANSW), creators of Answers.com™, announced today that its WikiAnswers site has surpassed the 500,000 question count, and grown its community to over 200,000 members. WikiAnswers is a UGC (User Generated Content) site, a dynamic and growing platform for a community of users asking questions and providing answers. As opposed to many Q&A sites, WikiAnswers uses a "wiki" format to provide each question with a single answer that can be edited, tweaked and improved over time.
According to Hitwise, a leading competitive intelligence service, WikiAnswers has become the second largest Q&A site on the web, after Yahoo! Answers, according to data from a custom category of leading Q&A-only websites.(1)
"Using the custom data set from Hitwise," said Bruce Smith, Chief Strategic Officer at Answers, "WikiAnswers' market share is larger than the combined market share of the next five Q&A sites: Answerbag, MSN's Live QnA, Wondir and Amazon's Askville."
Since Answers.com acquired WikiAnswers (then FAQFarm) in November 2006, the market share of visits to WikiAnswers increased from 5.7 percent for the week ending October 28, 2006 to 8.5 percent for the week ending June 16, 2007 based on the custom category data. That increase in US market share of visits represents a 49 percent increase based on the same time period.
According to WikiAnswers' internal metrics, in the past six weeks total users have increased by more than 20%, and total questions by more than 31%.
About Answers Corporation
Answers Corporation (NASDAQ: ANSW) operates the award-winning Answers.com™ information portal, delivering comprehensive content on over four million topics spanning health, finance, entertainment, business and more. Content includes over 180 licensed titles from leading publishers such as Houghton Mifflin Riverdeep Group PLC, Barron's, Encyclopedia Britannica, All Media Guide and others; original articles written by Answers.com's editorial team; community-contributed articles from Wikipedia; and user-generated questions & answers from Answers.com's industry-leading WikiAnswers™ (wiki.answers.com). Founded in 1999 by CEO Bob Rosenschein, Answers.com can be launched directly from within Internet Explorer 7, Firefox and Opera browsers, and its service is integrated into sites like Amazon.com's A9.com, The New York Public Libraries' homeworkNYC.org, The New York Times, CBSNews.com and others. Answers.com is also available for mobile devices at mobile.answers.com. For investment information, visit ir.answers.com. (answ-p)
Investor Contact:
Bruce D. Smith, CFA
Chief Strategic Officer bruce@answers.com
+1-646-502-4780
Press Contact:
Alison Minaglia
TechnologyPR for Answers Corporation
aminaglia@technologypr.com
+1-203-972-3170
(1) Note - the Hitwise data is based on a custom category of six of the leading Q&A websites ranked by US market share of visits, which is the percentage of online traffic to the domain or category, from the Hitwise sample of 10 million US Internet users. Hitwise ranks more than 1 million unique websites on a daily basis, including sub-domains of larger websites. Hitwise categorizes websites into industries on the basis of subject matter and content, as well as market orientation and competitive context.
SOURCE Answers Corporation
Investor Contact: Bruce D. Smith, CFA, Chief Strategic Officer bruce@answers.com, +1-646-502-4780; Press Contact: Alison Minaglia, TechnologyPR for Answers Corporation, aminaglia@technologypr.com, +1-203-972-3170
http://www.prnewswire.com
Copyright © 2007 PR Newswire. All rights reserved
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