Yippy, Inc. (YIPI) signs Binding LOI to Acquire Macte Labs, Inc.
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.
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).
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For Yippy, Inc.
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