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Original MySpace Investor Joins Mimvi's Advisory Board(November 04, 2010)
SAN FRANCISCO, Nov. 4, 2010 (GLOBE NEWSWIRE) -- Mimvi, Inc. (OTCBB:MIMV), the world's largest pure-play search, discovery and recommendation engine for mobile apps (or applications), has announced the appointment of Joe Abrams to its Board of Advisors.
Mr. Abrams has a proven track record of working with high-growth technology companies to build shareholder value in the public markets. These efforts have resulted in completed merger and acquisition transactions in excess of $1 billion and small cap equity market raises in excess of $200 million.
Commenting on his appointment, Kasian Franks, Mimvi's Founder and CEO, said, "We are delighted that Joe has decided to join our team. He brings a wealth of experience in both technology and the capital markets to the table. This experience will serve Mimvi well on a number of fronts."
Abrams co-founded Intermix in 1998, the predecessor to MySpace, which was sold to News Corp. in 2005 for $580 million. He also co-founded The Software Toolworks, Inc., a publicly held developer, publisher and distributor of educational and entertainment software, which was sold to Pearson, Plc. in 1994 for $462 million.
Speaking about his appointment, Joe Abrams shared his enthusiasm for Mimvi's prospects, "Mimvi is perfectly positioned to capitalize on the huge growth potential in the mobile application space. This, combined with their proprietary technology and expertise in the search space, renders them a very exciting company. I am delighted to join the Mimvi team."
Headquartered in San Francisco, California, Mimvi, Inc. (OTCBB:MIMV) is a pure-play search engine and recommendation technology company. It enables the search and discovery of mobile applications, mobile content and mobile products across multiple devices and platforms, including: the iPhone, Google Android, BlackBerry, Windows, Samsung and Nokia devices. Mimvi´s technology is based on (patent pending) proprietary search, recommendation and personalization algorithms. For more information, please visit www.mimvi.com.
Safe Harbor Statement
This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Mimvi's current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Mimvi's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Mimvi undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements, except as required by law.
CONTACT: Emerging Growth Research, LLP
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