Andiamo Corporation (ANDI) Acquisition Announcement
18 Septiembre 2012 - 8:40AM
Marketwired
Andiamo Corporation (PINKSHEETS: ANDI) announced that is has
completed an acquisition of a website blog titled Trust This App.
This site was started in 2008 and is based around business,
computer, software, and smartphone interests with a large daily
following of readers as well as a large inventory of advertisers.
www.trustthisapp.com
"While this is not a huge acquisition, we saw this as an
opportunity to promote our own Apps through a blog type atmosphere
by featuring a different App from either our Apple or Android
inventory each week. Rather than paying for App promotion, we can
now take advantage of our own resource while making money from
advertisers at the same time. This blog subscribes to a network of
blog writers, so we are not responsible, nor do we have to invest
the time or money for the blog articles. No shares were issued or
used for this acquisition and it was paid for with cash on hand as
well as the seller carrying a small note at zero percent interest
that is non-convertible which will be paid off from the cash flow
of the website within about 6 months. The annual revenue from this
blog will add about $40,000 a year to our income from the existing
advertising network.
"With recent reports showing that each App user has a measurable
lifetime value for overall company valuation, we want to continue
to add as many users as possible to our already large user base of
over 17 million downloads. Each time an Action App is downloaded,
that user is constantly reminded and marketed to download other
Action Apps thereby creating our own in-network marketing
opportunity and we want to take advantage of every logical
opportunity to add downloads and users especially when they pay for
themselves," said CEO Secor.
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. Action Apps has exceeded 17
million downloads.
www.action-app.com
Safe Harbor Statement at www.action-app.com/statement/
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Investor Relations Contact: Equiti-trend Advisors, LLC (800)
953-3350
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