MyFamily.com, Inc. Sees Record Subscription Growth Surpassing 700,000 Paid Subscriptions
Subscription Rates Continue to Accelerate; MyFamily.com Network Becomes Web's 19th Most Trafficked Property
PROVO, Utah, May 13 /PRNewswire/ -- MyFamily.com, a leading online subscription business and the leading network for connecting families, announced today that it has added 100,000 paid subscriptions in just 60 days. With this milestone MyFamily.com continues to be one of the most successful, fastest growing paid subscription services on the Web.
MyFamily.com, Inc. began charging for its first online subscription through its Ancestry.com service in 1997. Three years later, in July of 2000, the Company's active subscription base reached 200,000. Despite the economic slowdown and difficult market conditions of 2000 and 2001, the company grew quickly. Tripling the previous growth rate, paid subscriptions reached 400,000 just one year later.
Since then the growth rate has continued to increase dramatically. In March, the company announced it had reached 600,000 subscriptions -- adding 100,000 subscriptions, in 100 days. Now, in just 60 days, an additional 100,000 active subscriptions have been added, sending the Company over the 700,000 paid subscription mark.
MyFamily.com, Inc.'s network of sites is a key online destination for those interested in connecting with family, attracting over 7.5 million unique visitors each month. Not only is it among the Web's top fee-based sites, according to the March 2002 Nielsen NetRatings report, MyFamily.com is the 19th most trafficked Web property.
"With millions of people going online each month to research their roots or connect with family, we serve a large and rapidly growing market," said Tom
Stockham, CEO and President of MyFamily.com, Inc. "Because we have the best products to serve this market, and because we will continue to increase the value of our offering by bringing more of the best content and services online every day, we expect our rapid growth will continue."
About MyFamily.com, Inc.
MyFamily.com, Inc. is among the largest online subscription businesses, with over 700,000 paid subscriptions and more that 10 million people using its Web resources every month. A next-generation media company, MyFamily is focused on connecting families with their histories and one another. The company provides both free and paid subscription services through it's network of Internet properties, which include: Ancestry.com, the number one source for tracing family history online; RootsWeb.com, recognized as one of the Top 50 Web Sites by Time Magazine, and the oldest and largest genealogy community; and MyFamily.com, the foremost provider of private family web sites. The Company also publishes Ancestry Magazine, Genealogical Computing Magazine, Ancestry Family Tree software, over 50 book titles, the 1-2-3 Family Tree package, and databases on CD-ROM.
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