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InternetArray's Noobis Subsidiary Reports Record Sales and Earnings(February 23, 2012)
NEW YORK, NY -- (Marketwire) -- 02/23/12 -- InternetArray, Inc. (PINKSHEETS: INAR) announced that Noobis, one of its early-stage Internet holdings, had another strong year of revenue and earnings growth in 2011. Revenues grew by 56 percent to $248,765, and net income doubled by 112% year over year to $90,740. This continued growth was driven by creating a new, more efficient version of the Amplify product, establishing new sales channels through key partnerships and opening a development office in Dhaka, Bangladesh.
"Social Media was the new frontier when InternetArray approached Noobis about providing guidance and investment," said Jon Brennan, President of Noobis, Inc. "Since then, Noobis has proven itself to be a profitable innovator. The business grew consistently each year as we revised and tuned the Noobis business model until the right mix of technology and practical business methodology was achieved."
To learn more about Noobis and InternetArray, please go to the websites listed below.
About Noobis, Inc. (www.noobis.com)
Noobis, Inc. develops and integrates social media applications and networks. In addition to building its own Internet assets and technologies, Noobis works with clients and partners to leverage the emerging social media marketplace.
About InternetArray, Inc. (www.internetarray.com)
InternetArray, Inc. provides guidance and investment for innovative, early stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
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