TULSA, OK — (Marketwired) — 06/13/13 — MacroSolve, Inc. (OTCQB: MCVE) (“MacroSolve” or the “Company”), a leading provider of mobile technology intellectual property and app venture mentorship, announces it has finalized a business advisory contract with Los Angeles, CA-based RIJO (“RIJO”) Investment Group. RIJO selected MacroSolve to coordinate business planning, investor interests, content expertise and third party technology partners for a venture that uniquely optimizes historical content, GPS and social media.
MacroSolve-s Business Advisory Services began building its client portfolio in FY2012, managing select mobile app ventures. With the recent launch of Patent Access Services, the Company has narrowed the selection process, serving mobile app ventures with the potential for both a very high market leadership position and unique benefits of -816- patent protection.
Jim McGill, MacroSolve Chairman and CEO, states, “RIJO and our advisors have been fine tuning this transformative app venture over the past year. MacroSolve-s experience, patent and ability to affordably and effectively organize Tulsa-based talent, including GitWit Creative, to support RIJO-s vision is an exciting development.”
Richard Feldman, CEO and Managing Director of RIJO, added, “We intend to design, develop and launch the app in Tulsa, which Forbes, Inc. recently listed as the best in class for entrepreneurial ventures. The initial outpouring of support is very encouraging and we look forward to working with individuals and institutions who desire to cast the rich history and culture of Tulsa into a powerful new medium.”
MacroSolve-s U.S. Patent No. 7,822,816, which was issued October 26, 2010, addresses mobile information collection systems across all wireless networks, smartphones, tablets, and rugged mobile devices, regardless of carrier and manufacturer. MacroSolve-s patent covers fundamental technology in the mobile application space utilized by numerous companies. The patent, a significant intellectual property asset to MacroSolve, further advances its position as a leader in the mobile solutions market.
Founded in 1997, MacroSolve is heralded for its robust IP portfolio, while advancing throughout the mobile apps era by innovating key technologies that have laid the foundation for apps and next-gen developers. Today, MacroSolve is empowering a new era of mobile innovators seeking advisory services and IP strength from a source of experience.
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
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