TULSA, OK — (Marketwire) — 07/18/11 — MacroSolve, Inc. (PINKSHEETS: MCVE) (OTCQB: MCVE) (“MacroSolve” or the “Company”), a leading provider of mobile technologies, apps and solutions for business, announced today that its Illume Mobile division has signed four new contracts for its custom app development services. The customers are from a range of industries. All see the value of apps for their business and are turning to MacroSolve.
MacroSolve-s Illume Mobile division has been contracted to develop custom mobile apps for two companies. One is a healthcare company that will use the app in a point-of-care hospital setting. The second contract is with a sports and entertainment organization that will use the app to promote sporting events. In a third contract, Illume Mobile has licensed its SaleSentral mobile app platform to a global industrial products manufacturer which will use it as a sales and training tool.
For the fourth contract, HotCloud, a Texas-based company, has contracted with Illume Mobile to develop a vanity app that will allow celebrities and professional athletes to promote themselves. End users will have access to exclusive information about the celebrity and earn points that can be redeemed for special prizes. Celebrities will have a new avenue to promote their careers and public image.
“We are pleased to make this announcement of yet more customers at Illume Mobile, on the heels of some major distribution agreements recently signed. Both internally through Illume Mobile-s sales force, and through our growing distribution network, MacroSolve is getting its patented apps into the hands of customers and generating increasing revenues,” stated MacroSolve President and CEO, Clint Parr.
MacroSolve, Inc. is a pioneer in delivering mobile apps, technologies, and solutions to businesses and government. Founded in 1997, the Company has an extensive network including the top name brands in wireless hardware and software as well as wireless carriers. Leveraging its intellectual property portfolio, MacroSolve is positioned to become a leader in the mobile app space, projected to become a $17.5 billion market by 2012 according to Chetan Sharma Consulting. The Company operates through its subsidiaries including Anyware Mobile Solutions () and Illume Mobile (). For more information, visit MacroSolve () or call 800-401-8740.
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.
Investor Contact:
Laurel Moody
646-810-0608
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