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Blast Applications (BLAP) Enters Definitive License and Service Agreement With inneractive Ltd.(December 13, 2010)
PLAINVIEW, NY -- (Marketwire) -- 12/13/10 -- Blast Applications, Inc. (PINKSHEETS: BLAP) announces the license and service agreement between Blast Applications and inneractive Ltd. Under the terms of the agreement, Blast Applications can benefit from using an Ad Revenue 'MMM' Platform for Nokia's apps.
As part of the agreement, inneractive will introduce Blast Applications through their MMM (Make More Money) Platform which scans more than 55 ad-networks worldwide to the Nokia Ovi store. Inneractive will now be able to make Blast Applications immediate money from their in-app ad revenues.
"This collaboration with inneractive demonstrates our commitment to innovation and sustainability," said Dino Luzzi, CEO of Blast Applications. "Inneractive's MMM platform offers great potential for the continued growth of CanDoBetter.com."
"This agreement will open a new revenue stream for Blast Applications, as well as many other developers looking for immediate money," says Offer Yehudai, Co-Founder and CMO at inneractive.
MMM Platform scans more than 55 ad-networks worldwide, ensuring that its developer partner receives a global fill rate of more than 90%,$3 eCPM and 5% CTR. Its SDKs and server-to-server API are quick and simple to integrate. Inneractive partner developers are making as much as $30K a month from in-app ads.
About Blast Applications, Inc.
Blast Applications, Inc. is a premier creator and developer of mobile applications and for Twitter Facebook, allowing users to have more fun, be productive and make social media sites easier to use and more intuitive than before. Blast Applications has a unique opportunity to monetize the web surfer's dedication to social media sites through direct advertising programs tied to the Company's tools, applications, and websites. For more information please visit www.blastapplications.com.
Inneractive operates the fastest growing ad- MMM platform for mobile apps. The Company's technology scours ad networks around the globe to ensure that app developers get the highest possible eCPM and fill rates at any given moment. Inneractive partners with over 55 ad networks, engaging a broad base of advertisers across 200+ countries, providing relevant targeted ads that monetize the best. Inneractive's SDK is available for all mobile platforms, including Android, iPhone, Ovi, Blackberry, J2ME, Symbian, Qt, Bada, Widgets (WRT) and Flash-lite, as well as a Server Side API.
Forward Looking Statements
This release contains "forward-looking statements" and information provided by Blast Applications, Inc., such as online, printed documents, publications or information available via Blast Applications, Inc's website. It may contain certain forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause Blast Applications Inc.'s results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may also include plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing.
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