FORT MYERS, Fla., March 5,
2012 /PRNewswire/ -- Yippy, Inc. (Pinksheets: YIPI)
(www.yippy.com) ("Yippy" or the "Company"), providers of the
world's fastest, family friendly search engine and web portal,
reported that it has secured $2
Million in funding through a structured secured (UCC-1) debt
agreement with the Magna Group.
"We now have the funds we need to begin our major marketing
campaigns," stated Rich Granville,
CEO, Yippy, Inc. "Less than 1% of the North
American market knows that Yippy exists, but that will change
beginning April 1, 2012. The
funds will be used primarily for advertising in selected DMAs with
heavy conservative constituents, as well as two major upcoming
conferences and a geo-targeted online presence."
The Company's theme will promote the following areas.
"Yippy – The Five Star Search
Engine"
- Family Friendly - Complete internet portal
providing full-time "Safe Search" mode
- 100% Private - Research without your every move
being monitored and tracked
- Spam Free - Where answers and knowledge are the
only results you receive
- Less Duplicates - Adding value with unique results
reducing duplicates significantly
- Top Resources - Free "full text" access to 6,500
subscription based periodicals
"Magna is very pleased to be associated with such a promising
venture," said Ari Sason, Managing
Director of Structured Investments. "The growth potential of this
Company is significant and should the Company continue to meet all
the requirements in our agreement Magna will be the primary funding
source going forward mandated by a first right of refusal executed
by the Company for a term of one year."
The Company's full information report with current financials is
available at the link provided below:
http://www.otcmarkets.com/financialReportViewer?symbol=YIPI&id=72175
About Yippy, Inc.:
Based in Fort Myers, Florida,
Yippy, Inc. (www.yippy.com) is a new economy technology company
that develops technologies and application services environments
for both consumer and commercial market segments.
Forward-Looking Statements:
Statements in this press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from new products in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are subject to risks and
uncertainties. Words such as "expects," "intends," "plans," "may,"
"could," "should," "anticipates," "likely," "believes" and words of
similar import also identify forward-looking statements.
Forward-looking statements are based on current facts and analyses
and other information that are based on forecasts of future
results, estimates of amounts not yet determined and assumptions of
management. Readers are urged not to place undue reliance on the
forward-looking statements, which speak only as of the date of this
release since they involve known and unknown risks, uncertainties
and other factors which are, in some cases, beyond our control and
which could, and likely will, materially affect actual results,
levels of activity, performance or achievements. We assume no
obligation to publicly update or revise any forward-looking
statements in order to reflect any event or circumstance that may
arise after the date of this release, even if new information
becomes available in the future. Additional information on risks
and other factors that may affect the business and financial
results of Yippy, Inc. can be found in the filings of Yippy, Inc.
on OTC Markets (www.otcmarkets.com).
Contact:
R. Granville
Investor Relations
Yippy, Inc.
1-877-YIPPY01
SOURCE Yippy, Inc.
