Tube Pros

Many people spend their whole lives chasing the American Dream of fame and fortune and  never achieve it.  For some people it takes only two years to achieve fame and fortune.   YouTube is the American Dream come true.  In only two years YouTube went from zero to  being worth $1.65 Billion (yes BILLION) Dollars!  The big dog on the Internet Google,  purchased the up and coming video website superstar YouTube  and added it to their online  empire.  Google is so certain that Video is the wave of the Internet future that they put their  money and name on it.

Shouldn’t you be following Google’s example and start using Videos to promote your Online  Ventures and to help you Generate More Traffic?  This guidebook will show you the endless  possibilities that Video can create.  Whether you are an old hand at using Videos or a beginner  you will be amazed at how Video will help your Online Ventures.  

For more information on Google’s YouTube acquisition, we have enclosed a copy of the press  release that Google sent out.

The acquisition combines one of the largest and fastest growing online video entertainment  communities with Googleʹs expertise in organizing information and creating new models for  advertising on the Internet. The combined companies will focus on providing a better, more  comprehensive experience for users interested in uploading, watching and sharing videos, and  will offer new opportunities for professional content owners to distribute their work to reach a  vast new audience.

ʺThe YouTube team has built an exciting and powerful media platform that complements  Googleʹs mission to organize the worldʹs information and make it universally accessible and  useful,ʺ said Eric Schmidt, Chief Executive Officer of Google.  ʺOur companies share similar  values; we both always put our users first and are committed to innovating to improve their  experience. Together, we are natural partners to offer a compelling media entertainment  service to users, content owners and advertisers.ʺ

ʺOur community has played a vital role in changing the way that people consume media,  creating a new clip culture. By joining forces with Google, we can benefit from its global reach  and technology leadership to deliver a more comprehensive entertainment experience for our  users and to create new opportunities for our partners,ʺ said Chad Hurley, CEO and CoFounder of YouTube.  ʺIʹm confident that with this partnership weʹll have the flexibility and  resources needed to pursue our goal of building the next‐generation platform for serving  media worldwide.ʺ

When the acquisition is complete, YouTube will retain its distinct brand identity,  strengthening and complementing Googleʹs own fast‐growing video business.  YouTube will  continue to be based in San Bruno, CA, and all YouTube employees will remain with the  company. With Googleʹs technology, advertiser relationships and global reach, YouTube will  continue to build on its success as one of the worldʹs most popular services for video  entertainment.  

The number of Google shares to be issued in the transaction will be determined based on the  30‐day average closing price two trading days prior to the completion of the acquisition. Both  companies have approved the transaction, which is subject to customary closing conditions  and is expected to close in the fourth quarter of 2006.

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