It's basically an information platform to share with people around you. It would work best in existing communities like colleges, neighborhoods and even cities. The network moves with you and connects you to the people you share the same time and location with. Also, there are no friends or followers. On Shoutt what you share is more important than who you are.
It's also a great way to find the most relevant information around you.
Eg something like this:
"Shoutt lets you hear and share what's happening around you, no matter who you are or who you know. It's a social network that moves as you move, connecting you to the people around you."
Also, can I ask why Shoutt instead of Shout? The double T doesn't really appeal to me.
We initially stumbled into "tt" because we couldn't find a domain name for Shout. But once we did, we felt that it added an edge.