MtvU filling out application for social networks

May 14, 2007 MTV Networks is set to announce today its plan to license a new social networking application discovered through its 24-hour college network mtvU. Developed by Georgia Tech students David Jimison and Jeff Crouse, Hit! or Sh!t, as it is now named, is a social networking media player designed to build online community groups based on how members rank and recommend clips seen on the Internet. The program is designed to serve as a national platform for the next generation of digital applications and content based on social networking, mobile, interactivity and broadband programming elements.

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