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Metiscan Announces New Subsidiary and LOISubsidiary to Develop Smartphone Applications, LOI to Purchase iPhone Applications (July 15, 2009)
DALLAS, TX -- (Marketwire) -- 07/15/09 -- Metiscan, Inc. (PINKSHEETS: MTIZ), a holding company focused on growing its organization by making key acquisitions and developing companies and emerging technologies, today announced that the Company has launched a new subsidiary, Taptopia, Inc. (www.Taptopia.com), that is focused on designing and developing smartphone applications and services. Additionally, Taptopia has also entered into a non-binding letter of intent (LOI) to purchase enterprise iPhone applications.
Taptopia is focused on designing and developing innovative consumer and enterprise smartphone software solutions for today's most popular smartphones including Apple, RIM, Palm, Android, and Windows Mobile devices. Recently organized in July 2009, Taptopia's team of consultants, advisors, and developers collectively has significant experience in designing, developing, and deploying consumer and enterprise software applications and solutions for various industries.
Initially, Taptopia is focused on building applications and services on a contract basis as it internally builds its own portfolio of consumer and enterprise applications and services.
As part of this initiative, Taptopia signed a non-binding letter of intent ("LOI") to purchase all source code and intellectual property for three enterprise Apple iPhone applications. Taptopia is also considering other applications to purchase. Lastly, Taptopia is considering building smartphone applications and services that will fill voids within untapped vertical niche markets.
"We believe this is a good step for Metiscan. Smartphones are now proven platforms and the means to access and download software for them is available. They have become necessary devices in our everyday lives," commented Bryan A. Scott, President and CEO of Metiscan, Inc. "I am excited and look forward to the growth potential that smartphone technologies will provide for our organization and I look forward to launching our initial iPhone applications before the end of the year."
As per 148apps.biz (http://148apps.biz/app-store-metrics/), as of July 13th, 2009, there are approximately 57,000 applications in the Apple App Store. The most popular categories are games, entertainment, books, utilities, and education. The current average application price is $2.86. In April of this year, Apple announced that it sold its 1 Billionth iPhone Application through its revolutionary App Store.
About Metiscan, Inc.
Metiscan, Inc. is a holding company focused on growing its organization by making key acquisitions and developing companies and emerging technologies. Previously, Metiscan had been focused on healthcare-related businesses and is currently pursuing acquisitions and opportunities related to healthcare and non-healthcare mobile products and services.
Metiscan operates FirstView EHR, Inc, a wholly owned subsidiary, that provides end-to-end IT services for diagnostic imaging facilities including web-based electronic healthcare records (EHR), workflow efficiency, PACS administration, long-term archiving, professional IT services and strategic consulting. Metiscan operates Schuylkill Open MRI, Inc., a majority owned subsidiary that is an independent diagnostic testing facility (IDTF) providing Magnetic Resonance Imaging (MRI) services. Metiscan also operates Taptopia, Inc., a wholly owned subsidiary that provides design and development services for Smartphone platforms.
Safe Harbor Statement: Certain of the statements made in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause Metiscan's actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "intends," "anticipates" or "plans" to be uncertain and forward-looking. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
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