SAN JOSE, Calif., Sept. 28, 2009 (GLOBE NEWSWIRE) -- Zippi Networks Inc. (Pink Sheets:ZIPZ), 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 final marketing and license agreement with Era Media Inc, (EMI), a California company.
The two companies entered into a letter of intent back on July 29, 2009 and have now agreed upon the terms of this newly formed relationship. The initial term of this agreement is two (2) years from its effective date of September 22, 2009 with automatic renewals on an annual basis; EMI will market and sell Zippi products and services through its current distribution channels utilizing new and current marketing concepts. All costs and liabilities incurred by EMI in fulfilling this Agreement are to be the sole responsibility of EMI. Zippi and EMI have also agreed they will jointly set the price of Zippi Products and Services for the intended sales under this agreement.
Robert A. Rositano Jr., CEO Zippi Networks, Inc., stated, "Zippi has achieved a tremendous milestone by completing our joint marketing and license agreement with EMI. Zippi's recent focus has been a re-tooling of our offers, being able to deliver a streamlined set of services, and most of all, achieve a lower cost of distribution or delivery to our target audience. Our relationship with EMI helps us achieve these goals and provides the company with a partner that understands the Zippi business along with one of the most talented sales and marketing teams in the country. We are very excited about the future and believe this relationship breathes new life into our newly released product and service offerings, additional exposure for Zippi will also be achieved through one or more product placements on a national basis with EMI."
About the Company:
Zippi(TM) Networks, Inc. (Pink Sheets:ZIPZ), headquartered in San Jose, Calif., has created a revolutionary business process (three U.S. Patents Pending), together with the ease of hand-held mobile technology, social networking, and the ability to recycle that empowers a new generation of online sellers. Founded in 2006, Zippi engages consumers with an easy toll free telephone number designed to allow everyone who becomes a "Zippi Club Member" an easy hassle free way of selling items online; by phoning 1-877-GO-ZIPPI an item owner can receive a quick "mini appraisal." Zippi then connects this appraisal and customer with the appropriate Zipster (eBay seller), Zippi handles the pre-screening of the Zipster and pulls the best seller for the job to handle the entire transaction.
Zippi's offerings target consumers and existing eBay "Trading Assistants / Power Sellers", ultimately for the benefit of the eBay community. The strength of the eBay community resides in eBay's very own message "the power of all of us", with Zippi each and every eBay seller can embrace the power of many, allowing each "Zipster" to scale earnings and eliminate competition by building a steady stream of business, team members, and sales with Zippi, for the eBay community.
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.