Business
Relationship Agreement
Relationship Agreement.
About this update from Tavistock Investments Plc
[{"type":"text","content":"\n RNS Number : 4970G Bright Things plc 23 October 2008 \n \nBRIGHT THINGS PLC\n('Bright Things' or 'the Company)\nWIDGETLABORATORY SIGNS UP WITH SOCIALGO\n\nBright Things plc today announces that it has signed a Stategic Relationship Agreement (the 'Agreement') with WidgetLabratory LLC. Leading widget developer WidgetLaboratory is the first external developer to be brought in to work alongside Bright Things. It is believed that the relationship with WidgetLaboratory will allow SocialGO network users the opportunity to build highly personalised, scalable, professional networks ripe for monetisation and community building. \n\nThe Agreement provides for a fixed development fee to be paid to WidgetLaboratory in exchange for a share of any revenues generated by the sale of widgets to SocialGo users.\n\nA Widget is a small software application engineered for a particular task, such as a messaging service or a reminder tool. The widgets would sit alongside or on the SocialGo platform and allow network creators to add any number of widgets (as they become available) to increase the functionality and therefore potential of their site. \n\n'SocialGO is unique in its approach to partnership,' says Spencer Forman, CEO of WidgetLaboratory. 'Our struggle with other players in the market has been well documented. We are extremely excited to be building our products on a platform as technologically advanced as SocialGO. For our Network Creator customers, it is even more relevant that they have made Terms of Service and Monetization the focal point of their business-model. This is the start of the next big thing in Social Networking.'\n\nAlex Halliday, founder of GOWIT Ltd which created and continues to develop the SocialGO platform for the Company adds, 'The development team has been focused on building a product that fills the gaps left by others and answers the questions that people have posed about Social Networking. Anyone who takes the time to look at our service properly will see a whole range of features not seen elsewhere in the market. \n\nThe partnership with WidgetLaboratory is an excellent...