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Omemo Launches Groundbreaking P2P Network

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Akin to a Multimedia Version of Wikipedia; Omemo Creates Immense Repository of Audio, Video and Software

(Madrid) MP2P Technologies announced today the launch of Omemo (http://www.omemo.com), an unprecedented advent to the phenomena of peer-to-peer (P2P) file sharing. The beta launch of Omemo creates a virtual hard drive in which users may save files, however, said files are stored in cyberspace rather than on the user’s local hard drive. Omemo’s distributed storage network is fast and scalable creating a nearly limitless supply of storage space and freely available, uncensored information. The subsequent repository of files includes digital music, video clips, images, software and documents.

Omemo’s unveiling underscores a shift in how both businesses and consumers alike approach computing. They are increasingly using the Web to access applications and files stored in computer databases accessed from various locations and via mobile devices. Moreover, gains in broadband penetration between homes, offices and data centers now offer previously unparalleled access and opportunity for cost cutting by harnessing the power and popularity of P2P.

Researchers from Microsoft, in collaboration with the Polytechnic University in New York, recently concluded that video publishing services such as YouTube and MSN Video could save up to 95% of their bandwidth costs by implementing a P2P file sharing system, like Omemo.

Unlike Google’s anticipated but not yet delivered storage offering, Omemo empowers its users to share resources by creating an open source based P2P network that brings together available free space from hard drives willingly shared by users. It enables users to add, share, and organize their own content - anonymously - thereby forming an exhaustive, live multimedia library managed exclusively by the Omemo community.

“Omemo is essentially a multimedia version of the wildly popular Wikipedia but built upon our P2P network,” said Pablo Soto, CEO of MP2P Technologies. “Our development team has worked diligently to create something new to advance P2P file sharing and bridge it to the 'wikiocracy’ born out of the social media revolution. Welcome to the O-Drive.”

To further ensure privacy and the principles of online democracy, Omemo is both anonymous and controlled by the community and no single, centralized authority. Every aspect is 100% community policed; from the promotion of superior content through community voting, to the organization of files, and the flagging of inappropriate content, for example.

“Omemo shares resources, not files. In fact, the Omemo network is so vast that it is capable of hosting countless copies of the entire Wikipedia website or could host the Radiohead digital storefront without any of the bandwidth issues they experienced with their ambitious IN RAINBOWS release,” added Pablo Soto.

Users never share actual hard drives but simply a very small percentage of their available free space. Other successful examples of this in the marketplace include the celebrated SETI project or World Community Grid.

Social media features and so-called Web 2.0 functionality ensures a transparent and immensely easy-to-use "plug and play” interface.

Who’s Behind Omemo
Pablo Soto is considered one of the “fathers of P2P” together with P2P luminaries Justin Frankel (Gnutella) and Shawn Fanning (Napster). He is a frequent panelist at national and international forums and serves from time to time as a visiting professor at the University of Valencia and the University of the Basque Country. His progressive accomplishments in technology have garnered worldwide press recognition, including CNN, The New York Times, Reuters, AP, USA Today, C/Net, Rolling Stone, CBS News, San Jose Mercury News, among many others.

Key Features of Omemo Include: About Omemo
Omemo is built upon MP2P Technologies platform whose innovative software offerings have been downloaded millions of times by scores of people from around the globe. Founded by renowned technology developer Pablo Soto in 2000, MP2P Technologies today remains a leader in the P2P sector and consumer technology. Omemo is headquartered in Madrid, Spain. For more information, visit www.omemo.com.

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