TUCSON, ARIZ. (March 8th, 2010): Instead of going through the hassle and expense of setting up a corporate intranet to allow employees and collaborators to share documents, presentations, goals and results, what if there were a way to accomplish the same results online? Today 5050BIZ launched their new online document management tool offering companies the chance to store their documents in a safe and secure place that's easily accessible to all team members.

Already known for combining the most essential digital management, communication and social business networking tools that small and medium-sized businesses rely on, 5050BIZ's rollout of their online document management and sharing tool makes the virtual office Website a true one stop shop for businesses.

"5050BIZ is really designed to allow business users to be able to collaborate together, yet not have to build a separate, expensive intranet site," said Karen Connors, 5050BIZ Sr. VP of Operations. "We've always bundled together lots of different business solutions into one Website, and we saw document storage and sharing as the next necessary requirement in that package."

Streamlining operations, reducing costs and strengthening employee relationships has always been the focus of 5050BIZ's Website, which has required a dedication to ease of use.

"We really focused on simplicity," Connors said. "We built all these features for the business owner who may be intimidated by some of the more complex tools out there. Our document sharing tool is very Windows oriented, very comfortable and easy to maneuver around. I think anybody could figure it out in a matter of seconds."

5050BIZ's paid users each now have one gigabyte of online document storage available, along with the ability to share uploaded documents, spreadsheets, presentations, photos and more with peers and collaborators inside and outside the 5050BIZ virtual office.

To integrate the new document sharing tool with the suite of social networking applications already included on the site, 5050BIZ's developers built options such as email notifications, link sharing capabilities, and robust selectable sharing permissions into the document sharing tool, giving users complete control over who can see and edit shared files.

In addition to the new document storage and sharing tool, 5050BIZ subscribers may make unlimited use of its other features, which include:

• Video conferencing, including conferencing with non-subscribers

• Chat and instant messaging

• Bulletin boards

• Industry experts to answer business questions

• Link box to external business applications

• Social networking within and across companies and industries

• Job Posting/Searching Store

• Advertising

About the company

5050BIZ, LLC is a privately funded limited-liability company based in Tucson, AZ. The company, founded in 2008, developed and now offers a low-cost, easy-to-use, subscription-based virtual office that bundles together, in a single Website, a host of digital business management and networking tools. For more information, visit www.5050biz.com