Shopit, best known for its ecommerce enabling tools in social networks, has launched a targeted ecommerce ad network, Shopit Media. Currently in private Beta, Shopit Media will allow sellers to advertise products and services in a highly targeted manner to over 350 million users across the internet and specifically within social communities.

Shopit Media is the first social advertising network to bring Peer to Peer, CPA and Brand Advertising for ecommerce purposes under one umbrella. It provides unique Peer to Peer advertising for Shopit sellers to promote their goods and services both inside and outside the Shopit network.

Shopit Media allows large brands looking to drive ecommerce transactions to take advantage of customized targeting solutions for their advertising to provide the greatest returns on campaigns. Publishers can expect maximum revenue results for their inventory attributable to the richness in targeting within social communities and ability to bring buyers and sellers together. Shopit Media welcomes publishers from Facebook, MySpace, Orkut, Bebo, Hi5 and Ning.

“Shopit Media has enabled us to generate extra revenue on our applications, as well as our clients, providing a steady flow of advertisers to fill our daily demands.” – says Matt Gaffney of Branded Research.

“Shopit Media will give our sellers the chance to become advertisers,” says Matt Hill, CEO of Shopit. “A simple and low cost process to drive transactions for any seller, whether it’s a large brand looking for a specific demographic or someone coming from eBay that wants to reach people in social communities, our ad platform will facilitate their needs.”

Shopit Media is available to both publishers and advertisers today. Publishers that join Shopit Media before February 28th 2009 will receive bonus revenue share opportunities, guaranteed to pay some of the highest rates in the marketplace.

Shopit Peer to Peer Ad Network is currently in private Beta and will be launched publicly later this year.