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Aug 27, 2007 (06:08 AM EDT)


DELRAY BEACH, Fla., Aug. 27 /PRNewswire/ -- Did you know that crowds are smarter than individuals? This phenomenon actually has a name -- Prediction Markets. Prediction Markets are created for the purpose of forecasting the outcome of future events.

Guessnow.com, a new website based on this theory, asks users to predict on the outcome of future events, and earn money if they answer correctly. According to Guessnow.com CEO and founder, John Ferber, "Historically, prediction markets were challenging to run because of complexity and cost. The internet makes it possible for anyone's prediction to be known. People who visit Guessnow.com can predict what stocks will be the biggest gainers, who will win the World Series, who will win the next presidential race, which celebrity couple will divorce next ... and so much more."

Guessnow.com is very comprehensive and covers a broad range of categories including business, finance, people, entertainment, sports, news and politics. Users can also weigh in on opinion questions that could potentially sway key decision makers, such as: Why would you buy a Hybrid car? Will a major hurricane hit the USA this season? Are the new music videos trivializing the political races? Will Fidel Castro live to see another new year?

Guessnow.com provides a challenging arena for future events predictors that tests users' ability of predicting the future and earning points for money in return.

www.guessnow.com/show?signup&refID=transmedia

Guessnow.com creator, John Ferber, is available for interviews. Please contact Kim Morgan at (561) 750-9800 x233 or kmorgan@transmediagroup.com

CONTACT: Kim Morgan of TransMedia, +1-561-750-9800 x233, kmorgan@transmediagroup.com, for Guessnow.com

Web site: http://www.guessnow.com/show?signup&refID=transmedia/