FORT MYERS, Fla., June 4, 2012 /PRNewswire/ -- Yippy, Inc.
(OTCQX: YIPI) (www.yippy.com) ("Yippy" or the "Company"), providers
of the world's fastest, family friendly search engine and web
portal reported that the Company has entered into a binding letter
of intent to acquire 100% of Macte Labs. Terms of deal will be
released upon closing on or about 6/30/2012.
Rich Granville, CEO, Yippy, Inc.
states, "Macte Labs depth in custom designed browser extensions was
quite apparent when we began talks back in early April
2012. The majority of Consumer, Vertical and Enterprise search
functions are performed through a toolbar or add-on
extension. Macte possesses significant advantages to
competitors like Conduit and provides a more stable and user
friendly platform from which to engage consumers. The NeoBar
project is the genesis for a new breed of toolbar extensions and we
are only too happy to own this amazing technology."
Stan Kuzmin, CEO, Macte! Labs,
Inc, commented, "The NeoBar platform provides the most versatile of
all current toolbar solutions. Our fully documented toolbar
extensions performs well on all major browsers such as IE, Firefox,
Safari, Opera and Chrome. With unique abilities to apply
monetization solutions such as affiliate commerce, interactive
advertising and paid search, the NeoBar may be the most powerful
browser extensions platform in the world."
The NeoBar project includes but not limited to the
following:
- True subscriber-webpage integration providing complete client
engagement, with the ability to offer subscribers enhanced/safe web
search capabilities, vertical search solutions and support for
secure on-line commerce.
- Interactive real-time communication - the ability for clients
to relay important information to their subscribers when they need
it, no matter what they are doing on the web, such as latest news,
stock data and reward points.
- Dynamic end user experience for the subscriber - NeoBars
can displayed and formatted in an infinite number of ways based on
subscriber's contextual searches, demographics, geographic and or
community preferences.
Kuzmin added, "We are extremely excited at the opportunity to
integrate the NeoBar dynamic, interactive and vertical development
platform with the dynamic, interactive and vertical search
capabilities of Yippy. The Synergies between our two companies are
astounding and present a huge market opportunity."
About Macte! Labs, Inc.:
Macte! Labs (www.mactelabs.com) is a leading developer of
dynamic toolbars and web applications that provided clients with
enhanced, interactive and visually appealing vertical search and
client communication solutions. Macte Labs has 20 employees in 3
countries and is headquartered in Vancouver BC, Canada. Macte! Labs was founded in 2008.
About Yippy, Inc.:
Based in Fort Myers, Florida,
Yippy, Inc. is a new economy technology company that develops
educational and reference search technologies, content aggregation
services and application services environments for both consumer
and commercial market segments. The Company operates several
online web properties and educational reference
portals. Yippy, Inc. (OTCQX: YIPI) has been approved to trade
on the OTCQX U.S., the intelligent marketplace for the best OTC
companies with the highest financial standards and superior
information availability. Investors can find current financial
disclosure and Real-Time Level 2 quotes for the Company on
www.otcmarkets.com. The Company began operations in 2009. For more
information please visit: www.yippy.com.
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).
For Macte! Labs, Inc.
Contact:
Gavin McMillion
1-604-613-8655
For Yippy, Inc.
Contact:
Rich Granville
Investor Relations
Yippy, Inc.
1-877-YIPPY01
SOURCE Yippy, Inc.