SAN JOSE, Calif., Aug. 24, 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 announced approval of its mobile trivia game application "Millionaire Brain". The game was designed and submitted to Apple on July 20, 2010, following the original submission of the application Zippi upgraded the app and re-submitted a version of the app for iPad users. Both versions are available for download at www.itunes.com .
As paid downloads of the application have begun, the company is looking at mobile advertising partners as an additional way of monetizing the application. Zippi is targeting several new releases for the remainder of 2010, and will test several methods of monetization within each application. The company intends to stick with paid downloads, free downloads, advertising, no advertising, and in application purchases that are tied to upgrade paths or additional currency for particular use within an app.
Robert A. Rositano Jr., CEO of Zippi Networks, Inc., stated, "It has been long awaited to achieve Apple's approval on at least one of our application submissions; we are very excited that 'Millionaire Brain' is now available. The approval of this application marks not only a milestone achievement for us as a company, it provides additional details, and a roadmap of sorts, allowing Zippi to streamline submissions and approval times for the future. We have announced other applications in the past as well, and we want to assure our shareholders that development has continued on 'Zippi Swap' and others. Some applications have various levels of complexity and have taken a bit more time and revision as we near completion. We are targeting a completion of 'Zippi Swap' by mid-September, and expect other app completions within this time period as well."
About Zippi Networks, Inc.:
Zippi is an Applications company; delivering consumers entertainment, gaming, and social networking App's 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.