FeedDigest Receives Angel Funding To Extend Services and Reach; RSS-Oriented Startup Prepares to Revolutionize News and Information Delivery after Receiving Initial Round of Funding

SEATTLE--()--Sept. 28, 2005--FeedDigest, the rapidly growing feed manipulation and content syndication service, today announced it has received a significant amount of angel funding to enable it to extend its service and feature set to the world of webmasters, content developers and readers.

"On average, we've been adding about 50 new customers to the service each day in spite of a limited operating budget supported by donations from our customers," said FeedDigest's founder, Peter Cooper. "In less than 12 months since our initial launch, we have over 13,000 clients who rely on our service to have fresh, relevant content delivered to their Web site automatically 24/7. With this investment, we intend to provide a world-class, supported RSS content publishing service to a mainstream audience." In spite of the incredible power of RSS as a persistent framework for updated content, NetRatings recently reported that 66 percent of respondents in a recent survey either do not understand the technology or have never heard of it. "We're bringing the concept of feeds and content syndication up to date and turning it into a user-friendly experience so that webmasters and media patrons outside of the tiny world of RSS can get the most out of this amazing technology. We're attempting to break RSS out of a tech-only audience, something few other technology providers are trying to do," said Mr. Cooper.

The angel funding comes from a small fund called Curious Office, led by two Seattle-based technology investors, Kelly Smith and Adrian Hanauer. Smith has a long technology track record starting with SPRY Inc. (the first commercial implementation of the Mosaic Web browser) and was one of RealNetwork's earliest employees. He was most recently Vice President Product Marketing for Myrio, an IPTV vendor acquired by Siemens earlier this year. The Hanauer family were seed stage investors in several major web properties including aQuantive Inc. (NASDAQ: AQNT), the largest interactive advertising company and Amazon Inc. He is also co-owner of the Seattle Sounders, a professional soccer team. "We made this investment because we believe we're entering a new phase on the Web -- even the smallest websites should have a better automated framework for publishing relevant headlines, news, photos ... pretty much anything that can be broken down into discrete items," Smith explained.

As a result of the investment, FeedDigest is expected to make further major announcements in the next couple of months, particularly as it brings its statistics and automatic news discovery and delivery features online, bringing it into line with the biggest established names in the industry.

About FeedDigest

Launched in August 2004 as "RSS Digest", FeedDigest is currently the market leading Web-based feed manipulation and syndication service. The service has over 13,000 users managing 33,000 digests and 27,500 feeds. Prior to August 2005, the service was known as "RSS Digest", and accrued ten thousand users and tens of thousands of backlinks within nine months on no advertising budget. FeedDigest delivers over 2 million digests per day to users across the globe, and its output is syndicated across tens of thousands of weblogs. FeedDigest is currently a privately held company in both the United States and United Kingdom. Information about FeedDigest and the company's services and packages is available at http://www.feeddigest.com, or by e-mailing pr@feeddigest.com.

About Curious Office

Curious Office Partners was established in Seattle, Washington in July 2005. Observing that many of the most highly publicized and exciting software companies were developed by small teams, Curious Office realized the Internet was entering an important new phase. Curious Office is a "micro-venture lab" taking advantage of these evolving dynamics and funding small companies primarily in the Web 2.0 marketspace. Information about Curious Office and its ventures and ethos is available at http://www.curiousoffice.com.

Contacts

Curious Office for FeedDigest
Kelly Smith, 206-972-6600
kelly@curiousoffice.com

Contacts

Curious Office for FeedDigest
Kelly Smith, 206-972-6600
kelly@curiousoffice.com