Social Networks S.A.L and JSC SEB Corporate Group Join Forces To The Tune Of $100 Million Dollars

JSC SEB Corporate Group invests $100 Million Dollars to develop unique social network for the Arab world together with Social Networks S.A.L. End Quote

(1888PressRelease) May 19, 2011 - Beirut, Lebanon - Social Networks S.A.L, a Middle East based company specialized in the software development of multi-user web projects such as the unique and innovative Flipper 7, is proud to announce its partnership with Russian company, JSC SEB Corporate Group, that recently invested the amount of $100 million in the charter capital of Social Networks S.A.L.

Flipper 7 is a multipurpose software developed to meet the everyday Internet needs of customers while also taking into consideration the rich cultural heritage of the region. Moreover, it allows for exceptional functionality by assembling highly sought after and used internet tools including search engines, news feeds, social networking, personal organizer and productivity work space, as well as, leisure activities, and much more.

Additionally, Flipper7 can be easily customized to meet the needs of each user and consists of various modules, such as: news block, personal search engines, audio and video content, multipurpose communication system, casual games, online dating, as well as, a gaming world of their own.

"Flipper7 is a unique project, created especially for Arab users. From the onset of the project we have been mindful to weave the culture, traditions and customs of the region into our product, while observing the needs of young people across the region, the importance of communication in the region, and the role social networking is playing. Having said that, there is an "information vacuum" in the Arab region and apart from the international social networks, such as Facebook and Twitter, young Arab people have nowhere to go in the limitless spaces of the global Web.

With Flipper7, we are going to redefine the social components of social networking and offer an alternative to everyone in the region, regardless of gender, age, professional or social status and everyone will be able to discover the limitless opportunities that the world has to offer!"
- Mr. Alain Khoueiry, President of Social Network S.A.L.

Social Network S.A.L has been tightly cooperating with local and international companies, as well as leading payment systems to provide Flipper 7 users with the best tools, services, and payment solutions.

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