Wednesday, March 5, 2008

WE GOT FUNDED!!!

So, we don't know if you've noticed yet, but after putting in a lot of hard work into Fames...I mean Taltopia.com, we got funding! We just closed the deal late last week, and in celebration we donated 5 Famebucks to all of our current members! Also, as a promotion we are also giving away 5 Famebucks to the next 2,500 people who sign up, starting right now! So be sure to tell all of your friends and family!

We are very excited to use this money to help you, our loyal and dedicated users. Look forward to new and exciting features (trust us they are coming) and new opportunities for members to get connected with industry professionals.

That being said, we owe it all to you, our Taltopia-ites!



You can see the press release below, and download the pdf here. Be sure to give it a read because we were up until 4:30am this morning making sure it was distributed properly.


Taltopia.com™ Announces $800,000 Series “A” Funding to Connect Talent with Fans


Los Angeles, CA – March 5, 2008 – Taltopia.com™, LLC (www.taltopia.com), a free online platform which connects aspiring talent with fans and industry professionals, announced today that it has completed a Series “A” round of funding in the sum of $800,000. The financing was led by a single Angel Investor from Go4Funding, a site whose goal is to unite entrepreneurs, business owners, and investors.

The young entrepreneurs who started Taltopia.com™, formerly Famesource.com, have completely self-funded the project up until this point. Allen Vartazarian and Anthony Zanontian, now 24 and 22 years old, plan to use the funds primarily to broaden Taltopia’s reach and to further develop appealing features on the site.

“Taltopia is about empowering fans to decide who gets exposure,” said Allen Vartazarian, referring to the “fame” and “shame” voting system. By focusing on this unique niche, Taltopia™ has distinguished itself from other general social networking sites where aspiring artists typically get lost in the clutter.

For users who are not getting the exposure they crave, the site boasts a “Wall of Fame” which grants users the opportunity to “buy” their fame with Famebucks™, the virtual currency used on the site. Users bid for the limited number of spots available on the page, with outbid users being bumped down to subordinate positions. To kick things off, Taltopia.com™ is giving away $5 worth of Famebucks™ to the next 2,500 members that join the free site.

“Taltopia is going to modernize the way artists get the recognition they deserve by providing the tools they need to promote themselves,” said Anthony Zanontian. “We hope to further expand our relationships with talent industry professionals, which are an essential part of this equation,” he added.

For users who are not getting the exposure they crave, the site boasts a “Wall of Fame” which grants users the opportunity to “buy” their fame with Famebucks™, the virtual currency used on the site. Users bid for the limited number of spots available on the page, with outbid users being bumped down to subordinate positions.

Anyone can upload or embed audio, video, or images of their talent to Taltopia.com™, in the hopes of becoming the world’s next “web-celeb.” Even if you do not have a talent, you can join as a fan and become a critic.


About Taltopia.com:

Taltopia, LLC (www.taltopia.com) is an online media distribution and social networking destination whose aim is to provide aspiring and professional talent with a world-wide stage to share their abilities across the web. The site also rewards its members with Famebucks™ for simply using the site’s features, giving users an incentive to find and recommend good artists, while giving artists a platform to promote themselves online. Categories include Music, Art, Acting, Dance, Comedy, and Modeling. Taltopia.com™ is based in Los Angeles, California.

CONTACTS:

Allen Vartazarian, allen@taltopia.com (818) 438-4656
Anthony Zanontian, anthony@taltopia.com (559) 906-2050

http://www.taltopia.com

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