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The website, Ask.fm, used by cyberbullying victim Hannah Smith from Lutterworth, is due to publish the action it will take to combat the problem.
It postponed its announcement from last Friday to avoid clashing with Hannah's funeral.
The 14-year-old took her own life after receiving malicious anonymous online messages. Her father Dave Smith has called on the Prime Minister to do more to tackle the problem
Ask.fm co-founder Klavs Sinka told ITV News in an exclusive interview that other social networking sites "could learn" from Ask.fm when it comes to its moderation policies.
Mr Sinka said, "I am not afraid to say that Ask.fm is one of the best controlled, best moderated and regulated projects".
"One could learn from us," he added.
Ask.fm co-founder Klavs Sinka has suggested comments in the British media attributed to the social networking site about cyberbullying victim Hannah Smith were "distorted".
In an exclusive interview with ITV News, Mr Sinka claimed the hype surrounding the story was the work of the worst of the British press.
Mr Sinka said, "This is also why we have been avoiding making any comments, because we see that we can say anything but it will be twisted and turned back on us regardless of what we meant."
The co-founder of social networking site Ask.fm told ITV News he believes David Cameron "did not have all the information about the case" when he urged parents to boycott "vile sites" following the death of cyberbullying victim Hannah Smith.
Klavs Sinka said he believed the Prime Minister "hadn't really researched" the case before he made his comments.
He continued, "He was probably caught on the street in an interview similar to this and made a comment without having the full information about this case."
Two of the founders of Ask.fm have released the following statement after it emerged that the website was planning an announcement about safety reforms on the same day as Hannah Smith's funeral:
The father of the Leicestershire teenager Hannah Smith who it's claimed killed herself after receiving abusive messages on the internet, has called on the government to do more to protect young people from cyber-bullies.
David Smith says he's devastated by the loss of his daughter, who used the website Ask dot fm.
The Prime Minister has sent his condolences to the family in a personal letter. But Mr Smith says what he wants is action not kind words.
Watch Our Political Correspondent Alison Mackenzie's full report.
The website Ask.fm and lawyers Mishcon de Reya have said they didn't know it was Hannah Smith's funeral tomorrow - the same day they will publish plans to combat online bullying.
The father of the British teenager Hannah Smith, who took her own life after allegedly being bullied online, has criticised Ask.fm for outlining new safety plans on the same day as his daughter's burial.
Dave Smith told ITV News that the timing of the announcement by the social networking website showed a lack of respect.
Ask.fm will tomorrow reveal plans for combating bullying on the website following an independent review of its procedures.
Downing Street has released this picture of the letter the Prime Minister wrote to Dave Smith, the father of teenager Hannah Smith who committed suicide after alleged online bullying.
Mr Cameron said he was grateful "as a parent" to Mr Smith for highlighting the problem of bullying on social sites and insisted legislation exists to deal with online trolls.
He reportedly wrote: "I want to reassure you that the Government takes this issue very seriously. There is already legislation in this area".
The father of Hannah Smith, the teenager who killed herself after allegedly receiving hate messages on social media site ask.fm, has called on the government to do more to protect young people from internet abuse.
Speaking to ITV News Midlands Correspondent Rupert Evelyn, David Smith described his immense grief and anger that the website owners were "getting away with it."
He said: "I'm angry that this can happen to teenagers, and destroy my life. It has completely destroyed my life. It makes me angry that people are getting away from this abuse. The law needs to change, and it doesn't need to change in six months, it needs to change now.
"You can't stop kids going on to the internet, but surely the government should protect them. Ask.fm has gone out of control."
Mr Smith challenged ask.fm to substantiate their claim that Hannah sent 98% of the messages to herself, and says he wants to know why they have not come forward with the 2%.
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If you are being cyber-bullied, or have witnessed cyber-bullying, there is a wide range of help and advice available to help you out.