SAN JOSE, Calif., May 26, 2010 (GLOBE NEWSWIRE) -- Zippi Networks, Inc. (Pink Sheets:ZIPZ), an Applications company focused on delivering entertainment, gaming, and social networking Apps for today's mobile lifestyle, today released its target revenue projections, and annual application release targets for 2010 through 2012. Detailed industry data detailing substantial growth is also included, validating the growth in the application marketplace and revenue channels of this new Mobile economy.
The company's revenue channels encompass three key areas of monetization; free and paid Application downloads, in Application purchases, and Advertising within the Applications themselves. A recent article posted by Lawrence Coburn on March 8th, 2010 discusses the many facets of Mobile Applications and the monetization layer that has been created in the marketplace: "Jupiter Research predicts that Mobile location based services alone will account for $12.7B in revenue by 2014, broadly divided by application downloads and advertising." View the entire article at http://thenextweb.com/location/2010/03/08/revenue-models-location/
Robert A. Rositano Jr., CEO of Zippi Networks, Inc., stated, "The latest industry statistics show the potential in the Mobile Apps' market to be on par, if not greater than what was seen in the mid 90's dot com boom and the emergence of the World Wide Web. During this time everyone who wanted to be sure their business would be accessible or even taken seriously needed to have a Web site. We have now entered an era of Mobility, with technology so advanced that location and demographic based tracking are built into Mobile Applications. Zippi has redefined itself in this application specific environment and is targeting 10-14 new Mobile Application releases each calendar year. Zippi Swap will be our first release with others to follow quickly behind, we have several Apps ready for in house development and also plan to acquire others from third party developers, please visit our revenue model and financial projections for details at: www.zippi.com/app/projections."
About Zippi Networks, Inc.:
Zippi is an Applications company; delivering consumers entertainment, gaming, and social networking Apps for today's Mobile lifestyle.
Safe Harbor:
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as results of various factors including the ability of the company to successfully commercialize its new technologies and service offerings. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Zippi is a trademark of Zippi Networks, Inc. All other trademarks or registered trademarks are the property of their respective owners.