SAN JOSE, Calif., July 29, 2009 (GLOBE NEWSWIRE) -- Zippi Networks, Inc. (Pink Sheets:ZIPN), a leading provider of mobile, web-based, and telecommunications based commerce applications that enable Americans to recycle their "Clutter into Cash," today announced it has entered into a Letter of Intent with Era Media Inc., a California company.
Most recently Era Media has released Kwik Bidz, a new eBay related product that seems to have the makings of a huge success, based on the company's experience. Following weeks of discussions both companies feel they have many synergies that compliment each platform and business model. The letter of Intent between Era Media, Inc. and Zippi Networks, Inc. provides details about the pending relationship, the Go Zippi Club Offer as well as Zippi's Business Opportunity "Team Builder" is to be offered and sold to currently subscribing "Kwik Bidz" customers as well as new ones.
Robert A. Rositano Jr., CEO Zippi Networks, Inc. stated, "Zippi has a tremendous asset base and we have now found a partner that will assist us in exploiting what Zippi has to offer. It is our intention to start with two offers that will directly compliment the Kwik Bidz users, while also providing the best possible margin to both companies. This partnership provides an immediate channel for existing products and services; we must now begin building volume to this opportunity and create a win win for both companies and our shareholders."
About the Company:
Zippi(tm) Networks, Inc. (Pink Sheets:ZIPN), headquartered in San Jose, Calif., and Founded in 2006 is a leading provider of mobile, web-based, and telecommunications-based commerce applications. Assisting in the creation of jobs and enabling Americans to recycle their "Clutter into Cash". This revolutionary business process has three U.S. Patents Pending and promises to engage consumers with the ease of a toll free Hotline that takes the guess work out of pricing and selling items online. Zippi allows consumers of all ages to "Free Themselves" with advanced mobile technology that allows everyone an easy hassle-free way of turning clutter into cash, recycling, and earning an income with the Zippi Network. The "Zippi Cash" mobile iPhone application is the first in a consumer line of products that provides appraisal information to an item owner prior to listing. Zippi Cash will also connect directly to the seller network to handle the entire transaction for those who wish to cash in without the hassle of actually listing and selling themselves. Future versions of Zippi's mobile commerce applications will allow the user to list items themselves as they choose and build income for a complete home-based business in the palm of their hand.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as results of various factors including the ability of the company to successfully commercialize its new technologies and service offerings. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Zippi is a trademark of Zippi Networks, Inc. All other trademarks or registered trademarks are the property of their respective owners.