Fnbox.com Continues to Grow in Lat-Am and Brazil

FnBox.com has projected sales of $20 million for 2011

Published on LatinoLA: November 29, 2010

Fnbox.com Continues to Grow in Lat-Am and Brazil

Fnbox.com, keeps going strong: with operations since 2002 and offices in Argentina, Brazil and the United States, the company has more than 400,000 paying customers, 50 million users and three business units focused on providing various connectivity services between users. Sonico, Phonico and Lead-Gen are the units of this Argentine holding that wins prominence in Latin America, with revenues of $ 8 million in 2010 and projected sales of $20 million by 2011 concentrated in Brazil.

Sonico, Latinamerica's social network, has 50 million Portuguese and Spanish-speaking users of both South America and the United States, who are given the opportunity to create a public, private and/or professional profile through its PPP platform. Sonico helps individuals, organizations and brands to interact in an easy, simple and useful way, while having control over their privacy options.

Phonico, provides VoIP services and prepaid mobile recharges. This unit has more than 300 thousand customers, millions of transactions and products to be used in 80 countries.

Regarding the Lead-Gen business, the latest release created in June 2010 - the business model is characterized by bringing consumers a premium selection of third party deals with a potential to climb to 3.3 million qualified leads daily.

"At FnBox, our mission is to build a world class company that becomes a powerhouse of technology and innovation in the region. Our plan is to continually solve problems for our customers and leverage our know-how and assets to maximize shareholder value. Every day we reach millions of people, complete thousands of transactions and our products make the lives of our customers more productive and enjoyable," says Rodrigo Teijeiro, founder and CEO of Fnbox.com.

Latin America??s Quick Facts ("The Economist" - September 2010)

‘«ů Latin America is the new star of the global economy. It is 8% of the world??s GDP and Internet users. Expected GDP growth of over 5.2% in 2010. Brazil is in the lead, with 9% GDP growth in Q1 - 2010.
‘«ů Latin America is the fastest growing region for Internet penetration with 23% growth in 2009.
‘«ů Latin America has over 90% penetration in Mobile (500+ million subscribers) 85% prepaid.
‘«ů E-commerce is still in the early stages of development.
‘«ů The online advertising market is $ 1100 million, growing 40% year by year, and this still represents less than 5% of total advertising budgets in the region.
‘«ů Brazil accounts for over 60%.
‘«ů Social networking is now the # 1 activity on the web (larger than e-mail and search sites.)

Comprised by the social network Sonico, the prepaid telecommunications platform Phonico and Lead-Gen business, FnBox.com is one of the fastest growing online holdings in the region.
Founded by Rodrigo Teijeiro in 2002, the company has offices in Brazil, United States and Argentina. Thanks to the teamwork of its 75 employees and a strong culture of innovation, Fnbox.com was chosen for the third consecutive year by Great Place to Work, as one of the 50 best companies to work in Argentina. In 2009, Fnbox.com was also recognized by BusinessWeek and YouNoodle.com as the fifth largest tech startup with global projection.

For more information please visit www.fnbox.com

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