TheOuterPost.Com Shows Increased Asset Value

Cody Ventures Corporation (Pink Sheets:CVCP) made an announcement today on the valuation growth of its flagship web property, TheOuterPost.Com. The company announced that in addition to TheOuterPost growing daily, the specific industry of the website is also on an upturn.

ThOuterPost.Com fulfils the needs of creative types in music, art and writing who wish to socialize online but feel as though MySpace and Facebook are too congested and campy. With marketing targeted at teens and twenty-something’s, and over half of the visitors to social networking websites like MySpace, Facebook, Flickr and Live Journal being 35 and older, the time is ripe for a social networking community for the artists and musicians and writers of the world — which is what TheOuterPost.Com (Pink Sheets:CVCP) is positioned to provide.

So what is a social network member really worth?

According to Internet information service comScore MediaMatrix, the largest growing area of online activity is currently social networking sites. Figures provided by Nielsen/NetRatings placed the number of MySpace users at just 19 million when News Corp. paid $580 million to acquire MySpace members and a network of sites with the price paid per current MySpace user coming to around $30 each. In retrospect News Corp. has gotten a great deal as MySpace has grown almost ten-fold since then and currently has over 183 million members. In an investors meeting in Australia on November 14, 2006, Rupert Murdoch reportedly said that MySpace could now be sold for $6 billion — about a 10x return on the original $580 million that News Corp. paid for it just two years ago.

More recently, Yahoo was rumored to have approached Facebook with an offer exceeding $1 billion for Facebook’s then 8.8 million users, which would have come to approximately $110 per user. Past July, Sony paid $114 per user to acquire the video-sharing website Grouper, which then boasted just 570,000 registered users.

“Our user base is growing every day and we are optimistic that a $250-300 per subscriber number is just about right to value TheOuterPost subscriber. We will update shareholders and the public at our next milestone in user base,” Roy Cooper, CEO of Cody Ventures said.

Since the acquisition of MySpace by News Corp., there has been only a few other publicly traded social networking sites — for example Japan’s Mixi now trades on the Tokyo Stock Exchange. Valued then at $1.5 billion with 5 million registered users, it was the most impressive regarding member value at $315 per user.

TheOuterPost.Com is the first Social Network/sCommerce (Social Commerce) site to offer creators of music, fashion and writing a commercial sales outlet for their members. With each member opening a store on their page it gives that member an opportunity to sell their wares for a small transaction fee and nothing else. TheOuterPost.Com projects that this revenue stream could provide up to 100-150% more revenue year over year as the community grows. It also adds $50-100 per member to the valuation of each member.

About TheOuterPost.Com:

www.TheOuterPost.Com is a social networking website dedicated to the experience of its users. It is a place where creativity and free thought are taken seriously and everything else is not. It is a place where artists, musicians, fashionistas, writers, and fans of all genres can get together, share their art and have a good time doing it.

“SAFE HARBOR”

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
Contacts

Cody Ventures Corporation
Roy E. Cooper, 949-975-0544
royecooper {at} yahoo(.)com