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Action App Corporation (OTC: ANDI) Buys Another iPhone App Developer(January 13, 2012)
ST PETERSBURG, FL -- (Marketwire) -- 01/13/12 -- Andiamo Corporation (PINKSHEETS: ANDI) subsidiary ActionApp Corporation, a prolific mobile App development company, has entered into a purchase agreement with an independent developer to purchase 23 iPhone Apps which will yield a total of 46 smartphone Apps to their rapidly growing inventory of iPhone and Android Apps once they are converted to their business model.
This purchase will be consummated from existing cash flows and there will be no stock involved.
"We anticipate a quick finalization of this transaction and will integrate our proprietary backend database, social media integration, analytical tracking and our advertising network SDK. We will begin releasing these exciting Apps as our improvements are completed. Our Chief Marketing Officer is testing new ad networks to maximize ROI on each App in our inventory and these changes are already resulting in a substantial increase in revenue," said Secor, CEO.
"We look forward to continued growth as we aggressively pursue the acquisition of more Apps as well as expanding into new platforms like Kindle Fire. We are excited about our future success as we move forward to grab our piece of the multi-billion dollar App sector," said Gregg Hall, CMO.
According to AppFigures.com, ActionApp downloads for the month of January is 809,138 and should exceed 2 million for the month.
App Developers are encouraged to submit their Apps or entire developer accounts for consideration. Www.action-app.com
Safe Harbor Statement
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
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