NEW YORK, Oct. 22 /PRNewswire/ -- Capazoo (http://www.capazoo.com/) CEO Luc Verville, and President Grant Carter today announced the official launch of Capazoo.com, a radically different model of social networking and online entertainment that allows members to achieve personal recognition and generate real revenue based on their content and participation in site features and services.

Capazoo enters the social networking marketplace with a revolutionary concept: why should their members "give it away?"

In addition to all the most popular features and services of websites such as MySpace, YouTube, Revver and others, Capazoo provides a unique business model that enables members to earn 'Zoops' -- Capazoo points that can be converted to real cash -- through member-to-member Tipping, through referral of friends and by sharing in Capazoo's advertising revenues and corporate profits. Capazoo's unique Tipping feature allows members to give a Tip to other members for their videos, photos, music, profiles, blogs and more. Simply put, members earn real rewards from their virtual work.

"Today's technology allows everyone to be an artist, a journalist, a movie producer or a writer. Everyone, through their distinctive web presence, has a fan club of family, friends and associates. Capazoo allows members to display their talent, however small, and reap the benefits from fans and our Company," said Grant Carter, President of Capazoo. "We are what social networking should be -- a marketplace of ideas with its own currency, where member contributions are truly valued."

Until now, social network users were accustomed to posting content on their profiles with little or no compensation for their work. Meanwhile, the most popular such sites, such as MySpace, generate tens of millions of dollars in advertising revenue from their members' online presence. Capazoo is creating a new online culture that encourages members to interact and reward one another through the simple practice of virtual Tipping.

In addition, Capazoo provides substantive real-life benefits for its members' online activities through programs such as Advertising Revenue Sharing, Corporate Profit Distributions, the Capazoo Savings Program and the Capazoo Cash Card.

What Are Zoops?

Zoops are Capazoo points that can be converted into real cash. Zoops can be earned several ways including getting Tipped for posted content, inviting friends to join, and sharing in Capazoo's advertising revenues and corporate profits. Members are provided with a free, secure e-wallet with every profile to manage Zoops, savings and other financial benefits. Zoops are converted to cash through the Capazoo Cash Card -- a full-featured debit card provided to Privileged and VIP level members.

Membership Levels & The Capazoo Cash Card

Basic Membership in Capazoo.com is free, and enables all members to earn Zoops through their content and participation. Basic Members can choose to upgrade to Privileged Member or VIP Member status for an annual fee of $24.95 or $34.95 per year respectively; premium membership provides increased access to exclusive site features, and a larger share of advertising revenue and corporate profit sharing. All Privileged and VIP Members also receive the Capazoo Cash Card -- a fully functional debit card which enables members to convert their Zoops into cash. The Capazoo Cash Card can be used at ATMs worldwide to withdraw real cash, or used at PIN-based merchants for real world purchases.

Tipping

At Capazoo, members can Tip each other to acknowledge cool videos, great music, interesting photos, engaging blogs and intriguing profiles. Members can Tip other members up to 1,000 Zoops per day, and there is no limit on the amount of Zoops any member can earn.

Referral Program

Capazoo members also earn Zoops through the Capazoo Referral Program. Members who invite friends to join will earn Zoops for up to four generations of members who upgrade to a premium membership status at any time. There is no limit to the number of friends that can be invited and to the amount of Zoops that can be earned by inviting others to join.

Capazine

Not only can members monetize their content through several methods and use all features and services common to other social networks, but they can also turn to Capazine for latest news in the world of entertainment. Capazine is Capazoo's unique everyday evolving online magazine featuring the latest news, articles and features in celebrity life, sports, music, comedy, style, politics, travel, arts and charity.

Savings Program

Privileged and VIP Members can save big with the Capazoo Savings Program. Members can save up to 50% off of products and services from over 300,000 major-name merchants in North America. Huge savings are available on automotive repairs, vacation rentals, cruises, restaurants, night clubs, gyms, spas, movies, amusements, museums, dry cleaning, home services, snowboarding, travel, banking, insurance, real estate, and more.

About Capazoo.com

Capazoo.com is a new and unique Social Network and Entertainment site that combines the industry's most popular elements. The site blends videos, photos, music and blogging with a wide range of entertainment, celebrities, personal services and the ability to meet and connect with friends in a single destination. Capazoo.com is the first online Community with its own Member- driven economy, empowering Members to gain both personal recognition and to generate real money through their participation in site features. Using Zoops -- Capazoo points that can be converted to real cash -- Members can Tip and get Tipped for their content. Members also earn money by referring friends who join Capazoo, and by sharing in Capazoo's advertising revenue and corporate profits. Simply put, Capazoo Members earn real rewards from their virtual creations.

CONTACT: Kevin A. Mercuri, 212.999.5585; kmercuri@5wpr.com

CONTACT: Kevin A. Mercuri, +1-212-999-5585, kmercuri@5wpr.com, of 5W
Public Relations, for Capazoo.com

Web site: http://www.capazoo.com/