Andiamo Corporation (ANDI) to Acquire an Inc. 500 Rated Company
25 Septembre 2012 - 4:39PM
Marketwired
Andiamo Corporation (PINKSHEETS: ANDI) announced that it has
entered into a definitive purchase agreement to purchase an Inc.
500 award winning company. The target company was founded in 2002
and ranked on the prestigious Inc. 500 list in 2010 and in the top
800 in 2011.
"We have been working on this acquisition since April of this
year, so we expect due diligence to be completed quickly and
without issue. Once due diligence is complete, we will make an
announcement of the company's name. Previous product launches by
this company in 2010 and 2011 resulted in over $8 million of gross
revenue. This company will be a huge addition for ANDI as it brings
unique product launch methodology, along with specific technologies
that focus on web based social media and app tracking analytics,
coupled with advertising strategies and social media solutions.
This acquisition will be paid for with cash on hand,
non-convertible seller financing and success royalties. This
company will complement our existing app business as we look to
expand our monthly income and profits by providing a subscription
based recurring revenue model for both web and app based users. We
are looking forward to providing many updates as we complete this
transaction and the re-launch of the product line. I will also
schedule a conference call after the acquisition is complete so I
can share our integration strategy and outlook with our
shareholders," said Dustin Secor, CEO.
The target market for this company is a multi-billion dollar
marketing channel and it is estimated that this market sector will
exceed $4 billion in spending by 2014.
About Andiamo Corporation:
ActionApp is currently expanding their popular and profitable
inventory of apps in rapid fashion across Apple and Android, having
reached a short term goal of 500 apps in their portfolio, with 1000
Apps set for a longer term goal. ActionApp has exceeded 17 million
downloads and is now using that experience to expand into other web
and app based opportunities.
www.action-app.com
Safe Harbor Statement at www.action-app.com/statement/
Add to Digg Bookmark with del.icio.us Add to Newsvine
Investor Relations Contact: Equiti-trend Advisors, LLC (800)
953-3350
Andiamo (CE) (USOTC:ANDI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Andiamo (CE) (USOTC:ANDI)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Andiamo Corporation (CE) (OTCMarkets): 0 recent articles
Plus d'articles sur Andiamo Corporation