Beaverton Lands One of the Nations Most Unique Internet Video Companies

Beaverton, OR, August 04, 2007 --(PR.com)-- After signing an agreement with local internet provider EasyStreet for co-location hosting, Spynbuy.com, one of 3 world wide popular internet video classified companies, has decided to open offices in Beaverton, Oregon. Pat Caporuscio CEO of Spy n Buy said, “We decided to put down roots in Beaverton due to our relationship with EasyStreet and the fact that our other executives live in the area. We expect to have selected a location for our Headquarters by the end of August.”

Spynbuy had narrowed it’s corporate home down to Beaverton, Santa Clara, CA., Orlando, FL., and Detroit, MI. The choice for Beaverton was driven by the Open Source Labs and ability to locate between its two large geographical users regions in Seattle and the S.F. Bay Area.

Spynbuy.com’s user base is motivated and growing fast, in part, because the service is free. The company also shares a percentage of all video advertisements which run after each user’s classified ad. Combined with other perks, such as every member can run a free banner on the site; and Youtube videos are easily transferred to Spynbuy, has sparked rapid adoption of the service.

Youtube, the worlds most popular user generated video site, was sold to Google for 1.65 Billion in stock. According to Caporuscio, “The user generated online video market is looking for the next billion dollar idea. It is common knowledge in the Bay Area that the first video service to reach a million users in a non-entertainment segment such as video classifieds could be valued at a Billion dollars due to essentially zero legal copyright infringement issues… Spynbuy could be the next big idea to hit Oregon’s silicon forest.”

Spynbuy will start rolling out servers in the Metro Area base on open source software in September. The company is launching a national advertising blitz later in the fall to try and reach the million member mark. The company expects to hire 25 professional staff members nationwide with engineering offices also to be located in Beaverton.

About Spy n Buy
Spynbuy is a free social personal and business networking site where people post classified videos of products or services for sale or trade. The free service is ebay and youtube friendly, enabling members the ability to copy over youtube video classifieds into spynbuy, while embedding its content on ebay for free. The company has filed for 5 patents on its business model and technology.

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