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BizRocket.com, Inc. Updating KidzRocket.com Social Networking Site; Two Separate Age Groups Offer Significant …

CORAL SPRINGS, FL--(Marketwire - Sep 11, 2012) - BizRocket.com, Inc. ( PINKSHEETS : BZRT ) -- Company announces KidzRocket.com social networking site to be expanded to include teens age 13-17. This new group offers significant potential volumes to the free KidzRocket.com social networking site and potential huge volumes when Company fully monetizes the website.

The improved website will offer much expanded age appropriate games and activities. The pre-teen group is thru age 12 and teen group is from age 13-17. KidzRocket.com social networking website is free to use, but parents can optionally subscribe to the state-of-the-art KidzRocket Filter to monitor kid's inappropriate Internet activities and contacts.

eMarketer predicts over 1.4 billion social network users in 2012.Booz & Co. predicts the dollar volume of goods sold through social media to reach $30 billion in 2015.

KidzRocket.com plans to monetize the free social network site and offer paid subscriptions to the advanced KidzRocket Filter which protects kids from inappropriate activities and contacts, much to their parent's relief.

Safe Harbor Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 including statements relating to expectations of the 2012 or 2013 fiscal year; The terms and phrases "estimated", "goal", "commitment", "possible", "guidance", "expects", "would", "will", "continuing", "drive", "believes", "indicate", "look forward", "grow", "outlook", "forecasts", "forecast", "projected", and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by BizRocket.com, Inc., in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that BizRocket believes are appropriate in the circumstances, including but not limited to general economic conditions, BizRocket's expectations regarding its business, strategy and prospects, and BizRocket's confidence in the cash flow generation of its business. Many factors could cause BizRocket's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, without limitation: risks related to competition; BizRocket's reliance on key personnel; BizRocket's ability to maintain and enhance its brand; and difficulties in forecasting BizRocket's financial results, particularly over longer periods given the rapid Internet-technological changes and competition. BizRocket.com, Inc., has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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BizRocket.com, Inc. Updating KidzRocket.com Social Networking Site; Two Separate Age Groups Offer Significant ...

Renren Invests $49 million in Social Finance, Inc.

BEIJING, Sept. 11, 2012 /PRNewswire/ -- Renren Inc. (RENN), a leading real name social networking internet platform in China, today announced that it invested $49 million in Social Finance Inc. ("SoFi"), a San Francisco-based private company.

SoFi offers an innovative lending solution that provides students access to lower loan rates than Federal Direct and PLUS loans with similar borrow protections. SoFi was started by a team of Stanford Graduate School of Business students in 2011. By fostering social and economic connections with alumni investors, SoFi has moved towards becoming a national lender through state registration, created a broker dealer, expanded its product offering to include both in-school and consolidation loans, and expanded its presence to over 70 schools nationwide in the U.S.

"The investment in SoFi represents our continued efforts in leveraging our social and demographics expertise. As a pioneering company building social infrastructure over the internet, we have closely observed and participated in the transformation of other online vertical businesses that leverage social to productize, market, distribute and scale," said Joseph Chen, Chairman and Chief Executive Officer of Renren. "With gaming and e-commerce socialized, as exemplified by social gaming and social commerce, we expect the next wave will be finance and education; SoFi lies at the nexus of that revolution. As the largest real-name social network platform in China, we constantly explore for synergies of how social can successfully transform industries and help push beyond traditional boundaries."

About Renren Inc.

Renren Inc. (RENN) operates the leading real name social networking internet platform in China. It enables users to connect and communicate with each other, share information and user generated content, play online games, listen to music, shop for deals and enjoy a wide range of other features and services. Renren's platform includes the main social networking website Renren.com, the online games center game.Renren.com, the social commerce website Nuomi.com, and the video-sharing website 56.com. Renren had approximately 162 million activated users as of June 30, 2012.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from Renren's management in this announcement contain forward-looking statements. Renren may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Renren's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these risks, uncertainties and other factors that may affect the Company's results of operations is included in our annual report on Form20-F and other documents filed with the SEC. All information provided in this pressreleaseis as of the date of this press release, and Renren does not undertake any obligation to update anyforward-looking statement, except as required under applicable law.

For investor and media inquiries please contact:

Sam Lawn Investor Relations Director Renren Inc. Tel: (86 10) 8448 1818 ext 1300 Email: ir@renren-inc.com

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Renren Invests $49 million in Social Finance, Inc.

Social Finance Raises $77 Million to Address Student Loan Crisis

SAN FRANCISCO--(BUSINESS WIRE)--

Social Finance Inc. (SoFi) today announced that it has raised $77.2 million in series B funding led by Baseline Ventures and joined by DCM and Renren Inc. (RENN), Chinas largest social networking site. SoFi is an innovative lending solution that gives students access to lower loan rates than Federal Direct and PLUS loans with similar borrower protections by fostering social and economic connections with alumni investors. The new capital will be used to help SoFi grow its alumni investor base and reach new student and graduate borrowers as it expands beyond 78 schools this fall.

With more students applying for loans for post-secondary education coupled with state budget cutbacks for higher education and a federal loan market that can punish good borrowers, the student loan and debt crisis is getting worse before its going to get better, said Mike Cagney, CEO of Social Finance. Through SoFi, we have been able to create a whole new market that gives students better alternatives to fund their education while strengthening ties to their alumni community.

The SoFi program works as a dedicated lending fund that offers students a better fixed loan rate than todays unsubsidized Federal Direct and PLUS loans. At the same time it enables alumni to connect with their alma mater while earning an attractive return. The program also fosters interaction between students and alumni through a unique social platform that combines on-line and off-line connections that facilitate financial literacy, career mentoring and in-school project assistance ultimately helping to reduce lending rates and lower loss rates for students.

To date, SoFis lending program is available in 78 schools ranging from large universities such as Stanford and University of Michigan to smaller colleges such as Smith and Swarthmore. It will expand beyond 78 schools this fall.SoFi has generated more than $60 million in loan applications and is on a path to commit more than $200 million in student loans in 2012.

When taking the current and foreseeable macro environment into account, there is a massive opportunity for SoFi to disrupt the entire finance market, said Steve Anderson, founder of Baseline Ventures. Alumni across the country want to be more involved with their universities and many have savings sitting on the sidelines earning no interest. At the same time students need lower loan rates to make college more affordable and need help with career decisions and mentoring. SoFi makes the economics work for everyone: students benefit from lower rates and alumni support, and alumni earn better returns and add value to their schools through SoFis community lending engagement model.

In March, the Consumer Financial Protection Bureau announced that student debt had passed $1 trillion. In addition, a recent report from the Federal Reserve Bank of New York revealed that the delinquency rate for student loans, which is currently at 8.9 percent, increased during the second quarter of 2012. This compared to the delinquency rates for mortgages (6.3 percent), credit cards (10.9 percent) and auto loans (4.2 percent) which all decreased.

There are very few companies that do social good while also leveraging next generation financial and social networking services, said David Chao, co-founder and general partner, DCM. Student loans are a major national issue that needs to be resolved. Through SoFis unique approach they are not only helping students through financial literacy and reducing their loan rates, but also enabling alumni to connect with their alma mater and truly give back to their community.

As a pioneering company pushing the potential of social infrastructure, we closely observe and participate in other online businesses that are leveraging social to create, market and distribute products at scale, said Joe Chen, CEO of Renren. SoFi lies at the nexus of the social revolution, which began with social gaming and social ecommerce and is now poised to transform finance and education.

About SoFi

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Social Finance Raises $77 Million to Address Student Loan Crisis

University of Minnesota Press, author Mary Casanova partner on 'Frozen,' new YA fiction

Mary Casanova read about the frozen prostitute 20 years ago in a history of Koochiching County, and she couldn't get the image out of her head.

"Someone took this woman's body, put a liquor bottle in her hand and stood her up as a joke before a town meeting around 1909," recalled Casanova, who lives in Ranier, Minn., near the Canadian border.

"Who was that woman? I wanted to vindicate her, give her a voice. For a long time, I wasn't sure how to tell it; the image of her body used as a joke was so disturbing and compelling. But it wouldn't let me go. I kept working on it and leaving it, until finally it took shape in the voice of her daughter."

That daughter, Sadie Rose, is the central character in Casanova's new novel, "Frozen."

This is the first young-adult novel from Casanova, 55, an award-winning author who's done 30 picture books, kids books and chapter books for middle school readers.

"Frozen" is also Casanova's first book with a regional publisher, University of Minnesota Press, and UMP's first original youngadult fiction.

Rich in historical details and descriptions of the area around Rainy Lake, the story begins in 1920 with 16-year-old Sadie Rose unwilling to speak. Sadie was taken in by a politician and his wife when she was found almost frozen in a snowbank after following a man who was carrying her mother's body from the hotel/brothel where they lived.

When Sadie discovers some provocative old pictures of her mother, her speech returns

Casanova said she "didn't want to compete" in the world of paranormal novels currently hot with young adults, and that's just fine with Todd Orjala, senior acquisitions editor for University of Minnesota Press.

"We are going against the tide, since this book is not about vampires or mermaids," Orjala said. "But it is an edgy book. The protagonist is raised in a brothel, confronted by difficult circumstances. It's very realistic."

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University of Minnesota Press, author Mary Casanova partner on 'Frozen,' new YA fiction

No word on status of China’s missing next leader

Associated Press

In this photo taken Sept. 1, 2012 and released by Chinas Xinhua News Agency, Chinese Vice President Xi Jinping addresses the opening ceremony of the autumn semester of the Party School of the Communist Party of China in Beijing. Chinese micro-bloggers and overseas websites have come up with all kinds of creative speculation as to why President-in-waiting Xi has gone unseen for more than a week. (AP Photo/Xinhua, Li Tao)

BEIJING A Chinese spokesman on Tuesday said he had no information about the status of leader-in-waiting Xi Jinping, who dropped from sight 10 days ago and has canceled a series of meetings with foreign visitors.

Foreign Ministry spokesman Hong Lei said he had no information in this regard when asked about Xis condition and whereabouts at a news conference Tuesday.

Asked whether Xi was still alive, Hong replied: I hope you can ask more serious questions.

Xis absence and the complete lack of information from the government has sent the Chinese rumor mill into overdrive, with most speculation focusing on a health crisis ranging from a sore back to a stroke. Some of the more fanciful tales involve a staged car crash as part of a political feud, although no evidence has been offered to back that up.

The 59-year-old Xi is Chinas vice president and was picked five years ago to succeed President Hu Jintao. Xi is due to take over as head of the ruling Communist Party at a congress later this year, although no date for it has been announced yet.

Xis last public appearance was at the opening of the Communist Party training academys fall session on Sept. 1. Since then, he has canceled meetings with U.S. Secretary of State Hillary Clinton, Singaporean Prime Minister Lee Hsien Loong and Danish Prime Minister Helle Thorning-Schmidt. On Sunday, he also missed an emergency meeting of the Central Military Commission, of which he is a vice chairman, called to discuss earthquake recovery work.

The mystery surrounding Xi is the latest in a string of unforeseen incidents that have threatened to derail the leaderships plans for a smooth handover of power to younger officials. Those began with the spectacular downfall of high-profile populist politician Bo Xilai and the unexplained reassignment of a top aide to Hu earlier this month.

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No word on status of China’s missing next leader