eegoes Raises $500,000 to Finalise Development of its Innovative Social Network

BOSTON, Massachusetts, July 19, 2010 - American-Swiss start-up eegoes, a new social network, has just announced
its success securing its first funding of half a million dollars in order to
complete the development of its portal, eegoes.com.

eegoes, currently in private beta, is the brain child of Guillaume Molter
and Al Zane, two young entrepreneurs with a passion for new technologies and
an innovative idea they came up with during a short break in the United
States.

eegoes advocates a new approach to social media. Whilst other social
networks continue to develop more complex integrations and further
functionality for users who are already facing information overload, here,
users are offered a more 'back to basics' approach on social networking.

Offering advanced networking features, but through the use of a more
simplified, user-friendly interface, eegoes enables its community members to
exchange information in a micro-blogging environment, with discussions themed
around their areas of interest.

Categorized areas of the portal allow users to find like-minded people to
share things with quickly and easily. Members in the private beta are
currently sharing links, videos, pictures and events in real time with the
latest web technologies also including geo-location. This approach, contrary
to many social networks, is 'content-led' rather than 'individual-led', but
in a far more organised environment than other micro-blogging platforms
currently available.

The private invitation-only beta is still in place in order to allow
eegoes to explore and test integration of additional functions or ideas and
iron out any bugs during rollout of new features.

This first funding initiative was called in order to enable the company
to complete the first stages of the social network build and to fund
development of its mobile smartphone functionality, considered key as so much
social network activity is now enabled through mobile devices.

The successful financing of $500,000 was made possible with the
involvement of Swiss company Mac Invest SA and Mr Ramzi Chamat, a private
investor.

Talking about eegoes, Chamat says: "Even though the actual product is
already very appealing and provides an excellent social experience, the
planned functionality and aims of this network are truly groundbreaking and
will provide a whole new experience of social networking."

Guillaume Molter, CEO and co-founder of eegoes, is very pleased with the
outcome. "For us, the aim of this funding was to enable us to further
strengthen our structure and team in order to accelerate our development as
well as begin putting our communication strategy in place for eegoes. We have
now secured the necessary means to achieve this and we are delighted that our
new investors have chosen to not only fund eegoes but have also indicated
their interest in becoming more directly involved in the company's
development and fast growth," says Molter.

About eegoes: eegoes.com is a new social networking site, a young
American-Swiss start up whose aim is to provide a user-friendly and
innovative platform for social interaction. Users can enjoy discussions
around their areas of interest and exchange links, videos, photos and more.
For further information please visit www.eegoes.com.

eegoes is currently in private invitation-only beta but those interested
in joining can visit www.eegoes.com to request an invitation.

    eegoes, LLC
    60 State Street - Suite 700
    Boston, MA 02109
    pr@eegoes.com

Media Contact: Guillaume Molter, CEO & Co-founder, guillaume at eegoes.com, Telephone +1-617-878-2126