PLAINVIEW, NY--(Marketwire - Sep 19, 2012) - Blast Applications, Inc. (
"The financing and the revenue-sharing parts of the contract are finished," says BLAP CEO, Dino Luzzi.
"Both parties have agreed to and signed the term sheet. The nicest thing, especially for the investors of BLAP, is that there will be no dilution and no restricted shares in this deal. It is a pure revenue-sharing, win/win situation between BLAP and Solaris. Other developments are already being discussed for the future, as the two companies find that they fit each other extremely well.
"The final step is now to set the dates for the TV-shows and decide which cable network to choose. We are purposely waiting until the last second on this decision, to make sure we get the hottest channel when we begin. Everybody will be excited when they see who is going to host the show!"
About Blast Applications, Inc.
Blast Applications, Inc. is a premier creator and developer of cell phones mobile applications, as well as a social media marketing company. For more information please visit www.blastapplications.com.
Forward Looking Statements
This release contains "forward-looking statements" and information provided by Blast Applications, Inc., such as online, printed documents, publications or information available via Blast Applications, Inc.'s website. It may contain certain forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause Blast Applications, Inc.'s results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may also include plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing Blast Applications, Inc.
Contact Information:
Blast Applications, Inc.
investor@blastapplications.com