NEW YORK, USA: Magnitude Information Systems Inc. disclosed the following developments concerning Kiwibox, its primary business unit.

Kiwibox, the first social networking destination and online magazine where teens produce, discover, and share content while connecting with friends, launched the beta version of Kiwibox 2.0.

The beta site is now available to more than 1.8 million current Kiwibox members, and will run concurrently with the existing Kiwibox as additional improvements are implemented. Kiwibox 2.0 beta includes expanded member profile pages, photo sharing, improved friend's lists, exclusive video streams, and enhanced daily content.

"We're leveraging the capital investment we received from Magnitude Information Systems to continue building our reputation for providing today's teens and young adults with personalized content that they enjoy, coupled with social networking functionality," said Lin Dai, chief executive officer of Kiwibox. "We believe the new site will drive membership growth while increasing our member retention rates."

The beta launch announcement marks the first stage in the planned re-launch of the Kiwibox.com website. Kiwibox plans to continue implementing additional functionality and services that will significantly improve its members' experience.