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Thwapr Comments on Recent Trading Activity(March 21, 2011)
NEW YORK, NY -- (Marketwire) -- 03/21/11 -- Thwapr, Inc. (OTCBB: THWI), a leading social mobile video and photo sharing service, announce it has come to the attention of THWAPR Inc. that third parties are sending SPAM e-mails and possibly other communications promoting the stock of THWAPR that may have resulted in excessive or volatile trading activity. These promotional materials may contain some language and financial information that the company has not previously seen, and the company cannot vouch for their accuracy. THWAPR has not authorized nor paid for these promotional activities.
THWAPR did not know of these promotional activities, until notified by recipients. We do not condone the use of SPAM. We are trying to determine who issued the e-mail and most importantly, we are trying to put an end to it. Unfortunately these e-mails are difficult to track.
This notwithstanding, THWAPR is proud of its accomplishments and the potential for the future of the company.
About Thwapr, Inc.
Founded in 2007, Thwapr strives to make mobile video sharing easy to use for both users and brands. Thwapr empowers users to get their moments moving and enables brands to mobilize and monetize content, extending distribution reach while delivering the highest possible quality and user experience regardless of device, network or carrier. Founded by digital video pioneers from Apple, Avid and MTV, Thwapr's patent-pending technology is revolutionizing mobile video. Thwapr is making mobile video sharing easy, fast and fun for the hundreds of millions of consumers with Web-enabled mobile devices. To learn more about the Thwapr iPhone app, visit www.thwapr.com/iphone or text "iphone" to 757575 to view a video about the app. Learn about Thwapr's platform for brands at http://corp.thwapr.com. Also, visit us at www.thwapr.com, follow us at www.twitter.com/thwapr or Like us on Facebook www.facebook.com/thwapr.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new products and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Thwapr's annual report on Form 10-K for the most recent fiscal year, Thwapr's quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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