Yappn Announces Second Quarter Report
January 14 2015 - 9:08AM
Yappn Corp. ("Yappn" or "Company") (OTCQB:YPPN) a
leader in real-time language technology, today announced the
release of its Q2 2014-2015 report. Throughout the quarter, Yappn
continued to focus its efforts on moving from a development phase
to revenue generation.
Yappn Corp. Q2 FY 2015 10Q:
http://www.sec.gov/Archives/edgar/data/1511735/000121390015000265/f10q1114_yappncorp.htm
As previously announced on December 1, 2014, Yappn announced its
ground breaking program with Digital Widget Factory ("DWF") to
commence an extremely large build for potentially hundreds of
multilingual Ecommerce sites beginning in early 2015 through 2017
with revenue generation of up to US$3,000,000 during calendar 2015.
While no assurances can be provided as to the final amount of
revenue that may be recognized, Yappn is already realizing revenue
for the program and during the second quarter, the Company
recognized $72,975 for professional development services for the
DWF project and since the end of Q2, billings have accelerated as
reported in the subsequent events notes to the 10Q. Management
expects the program will continue to advance.
During September of 2014, as part of Q2, Yappn officially
launched its global media and social sharing platform, FotoYapp, at
the Mercedes Benz Fashion Week. FotoYapp allows users around the
world to share images, video and social comments all in their
native language together with Facebook®, Instagram®, Twitter®,
Pinterest®, Flickr®, Tumblr® and Google+® creating a truly global
social experience.
Additionally, Q2 saw the completed filing of an S-1 Registration
Statement for the Company that became effective on November 17,
2014 with the Securities and Exchange Commission. For further
information, please visit:
http://www.sec.gov/Archives/edgar/data/1511735/000121390014007848/fs12014a1_yappncorp.htm
"We are very excited about the progress we've made in Q2," said
David Lucatch, CEO of Yappn Corp. "The ability to communicate
globally continues to be a top of mind economic issue for 2015 and
beyond and we believe that Yappn has the solution to efficiently
and effectively solve the multilingual issue for Ecommerce."
For more information, please visit Yappn at www.yappn.com, and
visit our blog, Why Language Matters, at
www.whylanguagematters.com
About Yappn
Yappn is a real-time multilingual company that amplifies brand
messaging, helps conduct commerce and provides customer support by
globalizing these experiences with its proprietary approach to
language. Through its real-time multilingual amplification
platform, Yappn eliminates the language barrier, allowing the free
flow of communications in 67 languages. Yappn has developed cost
effective, unique and proprietary technology tools and services
that create dynamic solutions that enhance a brand's messaging,
media, e-commerce and support platforms.
In addition to Yappn, FotoYapp (www.fotoyapp.com) provides
consumers, brands and Influencers with the ability to share media
content (images, video, audio, etc.) instantly across the global
social sphere with all major social posts in a single environment
in almost any language allowing global participants to interact
with each other, regardless of their native tongue.
Yappn Corp. is publicly traded in the U.S. on the OTCQB – symbol
"YPPN" and leading technology incubator; Intertainment Media Inc.
(TSX-V:INT) (OTC:ITMTF) (FRA:I4T) has a controlling interest in
Yappn Corp.
For more information, please visit http://www.yappn.com
Visit our blog at www.whylanguagematters.com
Forward Looking Information
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934.
All statements, other than statements of historical fact, and those
preceded by or that include the words "believes," "expects,"
"given," "targets," "intends," "anticipates," "plans," "projects,"
"forecasts" or similar expressions, are "forward-looking
statements." Although Yappn Corp.'s management believes that such
forward-looking statements are reasonable, it cannot guarantee that
such expectations are, or will be, correct. These forward-looking
statements involve a number of risks and uncertainties, which could
cause the Company's future results to differ materially from those
anticipated. Additional information regarding the factors that may
cause actual results to differ materially from these
forward-looking statements is available in the Company's filings
with the SEC including the Current Report on Form 8-K filed on
April 3, 2013 and each subsequently filed Quarterly Report on
Form 10-Q and Current Report on Form 8-K. The Company assumes no
obligation to update any of the information contained or referenced
in this press release.
CONTACT: David Lucatch,
Founder and CEO,Yappn Corp.
info@yappn.com
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