SAN JOSE, Calif., May 5, 2010 (GLOBE NEWSWIRE) -- Zippi Networks, Inc. (Pink Sheets: ZIPZ), a leading provider of mobile and web-based applications, today announced its plans to begin reviewing acquisition opportunities in the mobile and web based applications market. In addition to the company's current and future applications to be developed in house, Zippi is targeting current applications that have achieved market rank, user base, and revenue in all categories as potential candidates.
As Zippi moves its existing asset base to an application based deliverable, the growth in mobile and web based applications continues to increase. Technology advancements have made it possible to rapidly deploy and manage otherwise complex transactions through the distribution of simple interactive applications. Zippi believes its brand lends itself to this new medium with fun, fast, and simple being communicated in the company's name.
Robert A. Rositano Jr., CEO of Zippi Networks, Inc., stated, "Being in and around the internet when the World Wide Web first became a reality, it is relatively easy to see that applications are moving as fast, if not faster than the appearance of web sites back in the early '90s. Zippi has developed many products and services that will soon be offered exclusively through its new applications, and intends to build and acquire significantly more application assets in the coming months. Applications are the future of distribution and rich content experience," said Rositano Jr.
Zippi is encouraging individuals and companies to submit mobile and web based applications for review and potential acquisition offers to the following address: appreview@zippi.com; all submissions should be accompanied by name, rank, revenue, user numbers and direct link to download the app.
About Zippi Networks, Inc.:
Zippi (TM) Networks, Inc. (Pink Sheets:ZIPZ) - News, founded in 2006 and headquartered in San Jose, Calif., is a leading provider of mobile and web-based applications. The company utilizes Mobile application technology and social networking to provide consumers with simple, flexible, and easy to use mobile applications that adapt to the needs of our everyday lives.
Safe Harbor:
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.