OTCPicks.com Trade Idea for today Yippy, Inc. (OTCQX: YIPI).
Based in Fort Myers, Florida, Yippy, Inc. is a new economy technology company that develops technologies and application services environments for both Consumer and Commercial Market segments.
Interactive Media and online advertising are also a focus of Yippy. Yippy also invests in other technologies such as device and systems management platforms, as well as companies with high growth potentials in search, social network, e-com and wireless/data communications. Yippy currently is in an acquisition mode to build the business model around like and kind businesses with seamless vertical integrations into its long-term business plan. Yippy also licenses brands, domains, and content for distribution across our network platforms for wireless devices and traditional content distribution channels.
Yippy specializes in end-to-end computing solutions for both consumer, enterprise and small businesses through our proprietary web-based product suites deployed over a cloud architecture that provides secure, redundant and maintained IT services for businesses and blazing speed over 3G for consumers through the BETA of Yippy's unique application services environment.
August 2 - Yippy, Inc. (YIPI) Subsidiary Acquires Macte! Labs, Inc.
Yippy, Inc. (YIPI) (www.yippy.com), a unified search company known for educational research and clustering technology, reported today that Yippy Labs, Inc., the Company's wholly owned British Columbian subsidiary, acquired Macte! Labs, Inc., a developer of dynamic toolbars and applications for both search and communication applications, located in Vancouver, British Columbia, Canada ("Macte"), pursuant to a share exchange agreement dated August 1, 2012.
"At a summit last month, the two respective teams put an action plan in place for consumer research and education that we believe is both groundbreaking and innovative," stated Rich Granville, Chief Executive Officer of Yippy. He continued, "The Macte! Labs acquisition adds to the existing advantages of our company's business plan with custom designed browser extensions. We rigorously tested the Macte applications over the last 30 days in order to verify the desired functionality and believe we secured the next vital piece for Yippy's growth."
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure: OTCPicks.com and affiliates have been compensated twenty thousand dollars by the company previously for a four day YIPI investor awareness campaign in May 2012, and we are currently being compensated three thousand five hundred dollars by the company for a one day YIPI promotional email campaign.
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