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Andiamo Corporation (OTC: ANDI) Does It Again; ActionApp Acquires Another 200 iPhone Apps(January 18, 2012)
ST. PETERSBURG, FL -- (Marketwire) -- 01/18/12 -- Andiamo Corporation (PINKSHEETS: ANDI) subsidiary ActionApp Corporation, a prolific mobile App development company, has entered into a purchase agreement with another independent developer to purchase 200 iPhone Apps, yielding 400 additional Apps to their rapidly growing inventory of iPhone and Android Apps once they are converted to their business model.
This acquisition is in addition to the 23 Apps announced last week. This should bring the App inventory, including iPad, iPhone and Android to over 520 Apps. This portfolio included Apps with HD and 3D graphics.
This purchase will also be consummated from existing cash flows and there will be no stock involved.
"We anticipate both of these acquisitions to be to our developers by the first week of February. Our team will re-work these Apps and integrate our proprietary backend database, social media, analytical tracking and our advertising before they are released. We anticipate these Apps hitting the market as they are completed over the next 120 days.
"Growing from 25 initial Apps to over 500 Apps in less than a year shows our growth plan and should continue to dramatically increase our downloads. Our goal is to engage the consumer and keep them in the ActionApp Network for multiple sales and downloads, which will lead to increased organic revenue and improved rankings through app sales and advertising," said Secor, CEO.
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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