NEW YORK, Nov. 10, 2015 (GLOBE NEWSWIRE) -- Yappn Corp. ("Yappn" or "Company") (OTCQB:YPPN), a leader in real-time language technology and translation, announces that David Lucatch, Founder and CEO will be transitioned to Head of Global Innovation to focus his efforts on building Yappn's global revenue and to provide product & services leadership. Neil Stiles, currently a member of the Board of Directors, will assume the Interim CEO position effective immediately, while we perform a search for a strong candidate to become a full-time CEO.
Neil Stiles, Interim CEO, commented: "Yappn is entering an exciting phase of growth as we continue to accelerate our market positioning into the language services market. Under Mr. Lucatch's leadership, we have been able to position ourselves to take advantage of a growing Ecommerce market, including the launch of our Windrose Global Ecommerce platform and as our sales efforts intensify, Mr. Lucatch's focus on our sales channels, key accounts and his execution in products and services development will be instrumental in the growing of our revenues."
Neil Stiles has been a director of Yappn since 2013 and has more than 30 years experience in the Publishing and Media industry and was previously CEO and Publisher of Variety, Inc. Prior to taking over Variety, Neil was a Managing Director and Director of Reed Business Information, CEO of eMedia, both divisions of Reed Elsevier. He also served on the Board of Directors of Randian LLC, LA's BEST, BritWeek and BAFTA LA. He was Chairman of BAFTA LA from 2011 to 2012.
For more information, please visit www.yappn.com.
To learn more about Why Language Matters to a growing global economy, visit our blog at www.whylanguagematters.com.
About Yappn
Yappn Corp. (OTCQB:YPPN) empowers brands to globalize their offerings and build larger market share by efficiently removing the language barrier in real-time. Focusing on the Ecommerce market, Yappn is the only Language Service Provider to provide a complete customizable set of tools to engage consumers in up to 67 languages to support the entire sales cycle, in real-time, from online marketing to Ecommerce sales and customer care.
Yappn provides high fidelity language services, utilizing its 3 US patents and proprietary technology to understand the true meaning of the message. System integration is quick and cost-effective, increasing efficiency, effectiveness and customer satisfaction.
For more information, please visit http://www.yappn.com or contact:
Jeanny So, VP, Corporate Communications
T: 1.800.395.9943 x 228
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Forward Looking Information
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are "forward-looking statements." Although Yappn Corp.'s management believes that such forward-looking statements are reasonable; it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Reports on Form 8-K and the Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.