HopStop.com Raised Capital and Passes 1.5 Million Visits Milestone
New York, NY, April 23, 2008
HopStop.com announced today announced that it has passed the 1.5 million visits, 8 million pageviews and 25 million ad impressions per month milestone. In addition, HopStop announced that it has completed an equity financing led by a private investment group that includes Yaron Galai, Co-Founder of Quigo. Mr. Galai has joined HopStop's Board of Directors.
HopStop.com is a location-based information service company based in New York City. The Company’s technology provides door-to-door directions to city residents and tourists via public transportation systems in major U.S. cities. HopStop has received rave reviews from national, local and trade media, including the New York Times and CNN, among others. HopStop was named one of TIME magazine’s 50 Coolest Websites of 2006 and was recently named Travel + Leisure's Top 25 Travel Websites of 2007.
HopStop's patent-pending service can also be accessed via mobile WAP site, SMS or Voice recognition interface. In addition, the Company’s robust XML-based web services architecture allows for seamless integration of HopStop’s mass-transit directions into any website or other online or mobile applications. Companies like TimeOut New York, Corcoran, Coldwell Banker Hunt Kennedy and Halstead, for example, use HopStop’s web service to power mass-transit directions on their website. Developers can signup for a free account here: http://www.hopstop.com/freeapi/
"We are very pleased to announce the significant traffic milestone and capital raise. I look forward to working with Yaron Galai in continuing to execute on HopStop's vision." stated Chinedu Echeruo, founder and CEO of HopStop.com.
"Our investment group is excited to support HopStop.com in its efforts," stated Yaron Galai. "HopStop is clearly solving a problem millions of resident and tourists have navigating large metropolitan cities. The HopStop team has built a solid brand and has also proven it can execute on its business plan without a large marketing budget. We are confident that the new financing will accelerate HopStop's growth."
Web site: http://www.HopStop.com/