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Paltalk Unveils an All-New Version of its Leading Instant Chat Platform

16 May 2005

Paltalk, the largest Instant Chat (IC) platform in the world, today announced the release of the latest version of its award-winning Messenger. IC is an emerging product category bringing real- time and media rich messaging into online group environments. IC is poised to transform message boards and blogs in much the same way as IM has already done for email.

Paltalk is simultaneously launching its new x-treme Service along with the 8.0 Messenger that supports it. Paltalk's x-treme Service leverages state-of- the-art video technologies to deliver more than 20 television quality videos to each member. The 8.0 Messenger allows members to instant message (IM) with pals on AOL, MSN, Yahoo and ICQ. This breaks down the walls imposed by other Messengers, enabling Paltalk members to enjoy a single "buddy list," regardless of the IM platform. Pals on other IM platforms can even access Paltalk's chat rooms through a simple Web link.

Paltalk continues to expand its lead in the group messaging and IC market, hosting thousands of video enabled chat rooms, able to accommodate up to 1,000 members in each. The Paltalk community is vibrant and encourages both consumer and business oriented group communications.

"Paltalk is not just another instant messaging platform, we're changing the way people communicate and collaborate online," said Paltalk's Chief Marketing Officer Michael Levit. "With the 8.0 Messenger's crystal clear voice and video, our more than 3.5 million members will experience the future communications of tomorrow -- today."

Paltalk 8.0 is currently downloadable at http://www.paltalk.com .

Key PalTalk Statistics

* There are currently more than 3.5 million active IC members.
* Paltalk draws over 500,000 new users every month.
* Group chat rooms can hold up to 1,000 participants simultaneously.
* Paltalk is one of the largest VoIP service on the Web, carrying
approximately 6 billion voice minutes a year over the Internet.

About PalTalk
Paltalk is a privately-held company revolutionizing how people communicate around the world over the Internet. The company is dedicated to providing the best quality video and voice conversations, easiest-to-use product, and the friendliest community among any product anywhere.

Paltalk started in early 1998 with a simple goal of providing audio and video messaging. In December 1998, Paltalk was the first company to provide live voice communication coupled with an instant messaging pal list. This enabled its customers to easily speak with their friends and family anywhere in the world, all for free. Since then, the company has continually added new innovative features including group video sharing, voice conferencing, and file transfers.

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Source: Paltalk