2011: Paradise Publishers Inc Review
Dear Stakeholders,
Good news! It's that time of year…
First, to wish you well and all the best for the upcoming year, and then, to update you on Paradise Publishers’ activity and many successes in 2011!
As we prepare for full steam ahead in 2012, it’s important that we take a look back and appreciate the fruits of this past year’s labors, including:
Over 1,000,000 Confirmed Subscribers! – That’s right, a few weeks ago Free-eBooks welcomed our 1 Millionth, double-opt in subscriber and haven’t stopped there, as thousands join every day. While a welcome and exciting milestone, it’s only the beginning of our continued exponential growth!
Traffic is Terrific – The lifeblood of success online (and profits) is traffic. Our traffic continues to grow at very positive pace. Free-eBooks.net now averages between 700,000-800,000 unique visitors per month compared to between 500,000-600,000 this time last year.
Record Revenue Growth Continues! – Despite any economic woes or negative forecasts you’ve heard in the media, Paradise Publishers continues to grow revenue-wise for the 6th consecutive year (that’s since inception) by a total of 59% over 2010.
Apple App for Free-eBooks.net – In early 2011, we launched our very own Apple App to allow users of iPhones, iPads and iPod touches the ability to download our eBooks directly to their devices. Thus far, our App has been downloaded and installed by over 177,000 users. We regularly update and improve the App, having recently submitted our 3rd version to Apple for approval.
Android App for Free-eBooks.net – Fresh as a few weeks ago, Paradise Publishers also released another mobile app for devices that run Google’s Android System. Combined, Apple and Android dominate nearly 75% of the smartphone market between them and we’ll be aggressively pursuing the opportunity to service this massive market around the world.
Spanish Free-eBooks.net – In the fall, we launched a version of Free-eBooks featuring Spanish authors and eBooks at http://espanol.free-ebooks.net/ in order to establish ourselves and claim a space in this rapidly, emerging market.
Free-eBooks.net Now “Friends” with Facebook! – Free-eBooks.net launched our own Fan Page on Facebook and is now exposed to over 500 million members worldwide. Our launch on Facebook and our first Social Media marketing campaign in October was very successful in establishing a beachhead in this highly popular and interactive social community. In a mere 3 months, Free-eBooks has had over 35,000 people become our Facebook Fans at: www.facebook.com/freeebooksdotnet
New Business Development with Major U.S. Banks – Paradise Publishers entered into a partnership with Koinz Media, which makes Free-eBooks Memberships available for ‘purchase’ by clients of major U.S. banks using their loyalty points. Bank of America recently announced our inclusion in their Rewards catalogue and more major brand banks are set to follow.
Assets Sold to Focus on Core Business - Two of our smaller websites were sold in 2011, Site-Reference.com & TowerSearch.com in order for us to concentrate on rapidly growing our core business; eBooks. Proceeds further underwrite and speed the development of Foboko.com for release in 2012.
Foboko Fired Up – The creation, development, and implementation of Foboko.com is going well. The website itself is nearly finished. We’re now working on the Social Publishing Wizard. Upon completion of this stage, the 2 components will be integrated and prepared for Foboko’s beta launch. This is scheduled to take place in Q2 of 2012.
Self-Funding Our Future – Heavy investment in our future revenue growth and market share through the development and launch of Foboko meant the P/L for 2011 was marginally negative. It is appropriate to comment that this loss was purposeful as we believe the Foboko project will move us to the next level in the eBook industry and sustain our prominence there.
We remain very excited that our core operating business continues to experience double digit growth. Paradise Publishers is not only able to sustain our operations, we are also more than capable of investing in and ensuring our own future. We’re proud to increase equity for all current and valued stake holders.
Investment Prospects – We continue on optimistic and undeterred with Paradise Publishers’ positive growth financials, respected industry track record and proven management team. This is despite a minor disappointment with the level of commitment from the engagement of investment bankers, Maxim Group, whose efforts did not yield the desired results after a considerable amount of time and resources were applied from our end. Fortunately…
Fresh opportunities are at hand, through our SEC attorneys, Sichenzia, Ross Friedman Ference LLP. They are currently working diligently to introduce us to additional investment bankers that would be more appropriate to partner with us.
eBook Industry Leadership - As of June 1st, 2011, Free-eBooks.net has delivered over 2.5 million eBooks to our loyal members in 2011, exactly the same time and same volume as announced by our mega-sized competitor, Google Books!
Charity & Goodwill – In the spirit of giving and kinship around the Holidays, we’re delighted to share the results of our charity work with the non-profit organization, FirstBook.org. By introducing them to our subscribers, together we were able to fund their provision of new books (actual physical books offline, not digital) to over 1,500 underprivileged children this past year.
Predicting Greater Progress &Success in 2012 - In closing, we want you to know how much we appreciate your ongoing support of Paradise Publishers and look forward to bringing you more positive news in the coming year. We want to wish you and yours a prosperous and peaceful 2012.
Nicolas Gremion
CEO, Paradise Publishers Inc.