BoutTrading
9 years ago
• Yappn Corp’s, yappn.com, (YPPN) 2014/2015 Fiscal Year best since launching language translation services. The partnership with Shopify has greatly increased revenues.
• They’re presently forming new partnerships with companies looking to penetrate the Indian and Asian markets; such as Netflix, LinkedIn, Amazon, Instagram, Twitter, Hulu, etc.
• Yappn’s language translation technology is helping companies expand quickly without having to design sites and content specific to language differences. With over 70 languages supported and a robust patent portfolio to protect their technology they are destine to be the leader in this technology.
• Yappn is poised to be acquired by an up and coming social media company like Ello, or a media company like www.medium.com if one of the tech giants don’t acquire them for their patent portfolio and expertise.
chambers
9 years ago
Yappn Executes Purchase Agreement for Patents and Ecommerce Language Services Assets
Ticker Symbol: U:YPPN
New York, New York--(Newsfile Corp. - July 16, 2015) - Yappn Corp. (OCTQB: YPPN) ("Yappn" or "Company") a leader in real-time language technology and translation is pleased to announce that it has, with the approval of the Board of Directors of each company, entered into a definitive agreement to acquire all of the intellectual property assets of Ortsbo Inc. ("Ortsbo"), a subsidiary of Intertainment Media Inc. (TSXV: INT / OTC: ITMTF / FRA: I4T) ("Intertainment") as previously announced on May 26, 2015.
The purchased assets include US Patent No. 8,983,850 B2, US Patent No. 8,917,631 B2, US Patent No. 9,053,097 B2, and other intellectual property including Ecommerce and Customer Care know-how for a total purchase price of US $17 Million, which will be paid by the assumption of US $1 Million in debt and the issuance of US $16 Million worth of Yappn restricted common shares (320 Million shares at US $0.05 per share). The transaction is subject to closing conditions including each party obtaining all necessary approvals, including stock exchange approval and shareholder approval, if required.
In anticipation of these transactions, on June 11, 2015, Yappn announced that its Windrose Global Ecommerce Platform ("Windrose" or "WGE") is now available at Shopify’s® app store. Yappn’s WGE application for Shopify® is a Microsoft Azure® cloud recurring fee based software-as-a-service (SaaS) deliverable that is a combination of a native Shopify® application (app) and a cloud-based real-time service and portal enabling E-tailers to expand their reach into up to 67 different languages simply and easily through an automated app install without any development or computer programming experience required on the user’s part. The Windrose app allows online stores to be viewed in multiple languages without the creation of additional Shopify® storefronts, making marketing, sales and support seamless and easy to both the customer and vendor.
Yappn also announces that it has completed a secured debt financing of US $4.5 Million of secured debentures and expects to close a further US $1 Million prior to the completion of the purchase of the Ortsbo assets. This financing is supported by Yappn’s secured line of credit holders and, as previously announced, Yappn executed a non-binding letter of intent with Winterberry Investments Inc. ("Winterberry"), a private company led by Mr. David Berry, pursuant to which Winterberry will facilitate and manage the financing transaction as well as to advise on Yappn’s future capital programs. This additional capital will be primarily used by Yappn to roll out its global Ecommerce expansion programs, and enable online Ecommerce technology companies, online vendors and development partners to enable real-time language programs to service a growing global audience.
"Execution of this agreement provides Yappn with ownership of key assets to move its business forward and continue to accelerate revenue programs and opportunities," said David Lucatch, Founder and CEO of Yappn Corp. "Throughout our development our key stakeholders, including our line of credit holders, have been very supportive and we believe that the agreement to engage with David Berry to lead our capital markets programs enhances opportunities and potential future value of Yappn."
The Company continues to expand its efforts with Ecommerce and communications as it has been testing a number of solutions to enable single language online storefronts to effectively market, sell and support E-tailing efforts, including the shopping cart, in multiple languages and is expecting a near term delivery of its framework for commercial revenue programs.
For more information, please visit www.yappn.com
To learn more about Why Language Matters to a growing global economy, visit our blog at www.whylanguagematters.com
About Yappn
Yappn is a real-time multilingual company that amplifies brand and social messaging, expands online 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 focuses on delivering global reach and efficiencies without the need of human intervention, making the language experience immediate through all phases of Ecommerce, online events and content programming.
Yappn Corp. is publicly traded in the U.S. on the OTCQB – symbol "YPPN" Intertainment Media Inc. (TSXV: INT / OTC: ITMTF / FRA: I4T), a leading technology incubator, has a controlling interest in Yappn Corp.
For more information, please visit http://www.yappn.com
chambers
9 years ago
Yappn's Windrose Global Ecommerce Now Available for Shopify(R)
By GlobeNewswire, June 11, 2015, 07:08:00 AM EDT
Vote up AAA
Yappn Provides a Seamless End-to-End Multilingual Ecommerce Experience for Vendors and Customers
NEW YORK, June 11, 2015 (GLOBE NEWSWIRE) -- Yappn Corp. ("Yappn" or "Company") (OTCQB:YPPN), a leader in real-time language technology and translation is pleased to announce that its Windrose Global Ecommerce Platform ("Windrose" or "WGE") is now available at Shopify's® app store.
As announced on May 28, 2015, Yappn's WGE application for Shopify® is a Microsoft Azure® cloud recurring fee based software-as-a-service (SaaS) deliverable that is a combination of a native Shopify® application (app) and a cloud-based real-time service and portal enabling E-tailers to expand their reach into up to 67 different languages simply and easily through an automated app install without any development or computer programming experience required on the user's part. The Windrose app allows online stores to be viewed in multiple languages without the creation of additional Shopify® storefronts, making marketing, sales and support seamless and easy to both the customer and vendor.
David Lucatch, Founder and CEO commented: "We are excited to deliver our Shopify® app ahead of schedule. Starting at $14.95 per month for one language, with other language packs available, Windrose is an easy and cost efficient way to reach your target markets in their native language. As a simple cloud app, Windrose offers vendors the ability to build once and deploy their active online stores in up to 67 languages through a single store application that adds language(s), and not work, keeping and maintaining only one store, one inventory and one check-out. Now vendors will be able to market, sell and service from their native language to their client's native language without the need to add a team to support the additional languages with a simple, easily installed, Shopify® app."
Available in specific individual languages, or in combined language packs, along with online robust client portal features that allows, among other features, customized translation lexicons, industry specific terms, common domain and contextual libraries, management of "do not translate" lists, marketing, social media and customer care features, as well as analytics, the Windrose Shopify® app and Client Portal will enable vendors to create and maintain an ongoing enhanced, respectful customer experience for global online e-tailing without the need to add a team to support the addition of the languages.
The WGE Platform & Framework has been developed to seamlessly integrate with the industry's leading online commerce vendors, partner programs, agencies and custom store developers, creating a single platform for major organizations to "plug into", allowing customization for each system for the "last mile" being the technology between WGE and the online store or system. Yappn's focus on a foundational framework, rather than individual systems and partners provides a more comprehensive, scalable approach to global integration with companies around the world.
The WGE Platform has advanced language and technology feature sets that create commercially applicable language instances, allowing vendors to offer a single storefront experience in multiple languages with capabilities from first-touch marketing and social communications to customer service, creating an end-to-end enhanced Ecommerce experience. This creates a global experience for both the vendor and customer in an efficient and effective environment, enabling complete scale of all online multilingual activities.
For more information, please visit www.windroseglobalecommerce.com or www.yappn.com
To learn more about Why Language Matters to a growing global economy, visit our blog at www.whylanguagematters.com
Read more: http://www.nasdaq.com/press-release/yappns-windrose-global-ecommerce-now-available-for-shopifyr-20150611-00197#ixzz3cl7RAdVd
PennySharks
9 years ago
132,688,000 shares outstanding, 85,170,000 owned by the CEO. Leaving only 47,580,000 shares on the market.
Leaving current value at 8,624,720. Will be interesting to see the value after the 17million dollar accusition of the software patent.
$YPPN YPPN
PennySharks
9 years ago
Yappn signs agreement to purchase patent and ecommerce language services assets
NEW YORK, NY – May 26, 2015 – Yappn Corp. (“Yappn” or “Company”) (OCTQB: YPPN) a leader in real-time language technology and translation is pleased to announce that it has signed a non-binding letter of intent to acquire key assets of Ortsbo Inc., a division of Intertainment Media Inc. (TSXV: INT / OTC: ITMTF / FRA: I4T) (“Intertainment”) including US Patent No. 8,983,850 B2, proprietary language services technology assets, know how related to Ecommerce and Customer Care and business contracts for a total purchase price of US $17 Million. The terms of the agreement include the assumption of up to US $1 Million in debt and US $16 Million in equity. The transaction and terms are subject to the execution of definitive agreements between the parties and both parties will be required to obtain all necessary approvals, including shareholder approval, if required.
Under the Services Agreement, as subsequently amended October 24, 2013, between Yappn, Intertainment and Intertainment’s Ortsbo subsidiaries (Ortsbo, Inc., a corporation organized under the laws of Canada (“Ortsbo Canada”), and Ortsbo USA, Inc., a Delaware corporation (“Ortsbo USA” and, collectively with Ortsbo Canada, “Ortsbo”), Yappn was granted the first right of refusal to purchase the Ortsbo platform and all its assets and operations for a period of two years from the date of the amendment.
Yappn is negotiating for the purchase of those assets along with a concurrent preferred share financing of up to a maximum of US $6 Million, supported by its secured line of credit holders, and has executed a non-binding letter of intent with Winterberry Investments Inc. a private company, led by Mr. David Berry, to facilitate this transaction and manage as well as to advise on Yappn’s future capital programs. As part of the transaction, Intertainment will be seeking to retire certain Ortsbo related financing obligations and minority shareholder interests.
The additional capital will be used to roll out Yappn’s global Ecommerce expansion programs, enabling online Ecommerce technology companies, online vendors and development partners to enable real-time language programs to service a growing global audience.
This acquisition provides Yappn with complete ownership of the technology and the ability to focus its efforts on the entire suite of Ecommerce, including marketing and social media, online store and shopping carts, as well as online customer care in 67 languages. Additionally, all agreements with TranzActive (Ortsbo operating name), including its current agreement to receive 20% of Yappn’s client, Digital Widget Factory’s net profit, and the development of Wonring.com, announced April 8, 2015, will transfer to Yappn. As previously announced, on December 1, 2014, Yappn signed an agreement with Digital Widget Factory to create a global content delivery and management platform and produce up to 220 websites in 2015, with anticipated gross revenues of US $3 Million and to date, Yappn has delivered 68 websites, well on track to meet the set expectations of the program.
“We are very excited with the progress of Yappn both as a technology and as a revenue generating business,” said David Lucatch, Founder and CEO of Yappn Corp. “Our line of credit team has been very supportive throughout our development and early revenue stage and the acquisition of the patent and technologies, that we have previously licensed, coupled with the agreement to engage with David Berry to lead our capital markets program, enhances opportunities and potential future value of Yappn .”
The Company continues to expand its efforts with Ecommerce and communications as it has been testing a number of solutions to enable single language online storefronts to effectively market, sell and support Etailing efforts, including the shopping cart, in multiple languages and is expecting a near term delivery of its framework for commercial revenue programs.
For more information, please visitwww.yappn.com
To learn more about Why Language Matters to a growing global economy, visit our blog atwww.whylanguagematters.com
About Yappn
YPPN $YPPN
PennySharks
9 years ago
NEWS! YAPPN & SHOPPIFY
NEW YORK, NY – May 28, 2015 – Yappn Corp. (“Yappn” or “Company”) (OCTQB: YPPN) a leader in real-time language technology and translation is pleased to announce that it is launching its Windrose Global Ecommerce (“WGE”) framework, allowing Ecommerce providers, developers and partners to offer vendors the ability to build once and deploy their active online stores in up to 67 languages, through a single store application. The first partnership with Yappn and Windrose will deliver a Shopify® app, available in Shopify’s® app store, by late-June.
Yappn’s WGE application for Shopify® is a Microsoft Azure® cloud recurring fee based software-as-a-service (SaaS) deliverable that is a combination of native Shopify® application (app) and a cloud-based portal enabling E-tailers to expand their reach into up to 67 different languages simply and easily, through an automated app install, without any development or computer programming experience. The Windrose app allows online stores to be viewed in multiple languages without the creation of additional Shopify® storefronts, making marketing, sales and support seamless and easy to both the customer and vendor.
The market for such an application is extremely large as demonstrated by the following statistics:
Emerging market population growth resulting in more non-English internet users
Growing global ecommerce market
Only 800.6 million of the 3.0 billion internet users surf in English*The market size of the global language services industry will rise from $34.7 billion in 2013 to a projected $47 billion by 2018**Projected CAGR of 5.72 percent over the period 2013-2018 in global language services market ***
Top Ecommerce growth markets do not speak English as native language (China, Brazil, and Germany growing at 32%, 15.5%, and 15.9% respectively in 2015)****B2C Ecommerce sales has grown from $1.2 trillion in 2013 to a projected $2.4 trillion by 2017****2015 will be the year that Ecommerce sales in emerging markets outpace developed countries. Asia-Pacific will have a 33.4% share of global B2C Ecommerce market versus 31.7% in North America****
Source: * Internetworldstats.com; ** Statista.com; ***ReportsnReports.com; **** Emarketer.com
“We are extremely excited by the opportunities that our new cutting-edge technology Windrose Global Ecommerce framework brings to the global marketplace.” said David Bercovitch, COO of Yappn Corp. “Our ongoing efforts are focused on enabling our customers to generate increased revenues by removing the last major barrier to true global Ecommerce, real-time automated language capabilities. We could not be more pleased to have our first framework rollout with Shopify®, a leader in the world of Ecommerce.”
Available in specific individual languages, or in combined language packs, along with online robust client portal features that allows, among other features, customized translation lexicons, industry specific terms, common domain and contextual libraries, management of “do not translate” lists, marketing, social media and customer care features, as well as analytics, the Windrose Shopify® app and Client Portal will enable vendors to create and maintain an ongoing enhanced, respectful customer experience for global online e-tailing.
The WGE Platform & Framework has been developed to seamlessly integrate with the industry’s leading online commerce vendors, partner programs, agencies and custom store developers, creating a single platform for major organizations to “plug into”, allowing customization for each system for the “last mile” being the technology between WGE and the online store or system. Yappn’s focus on framework, rather than individual systems and partners provides a more comprehensive, scalable approach to global integration with companies around the world.
The WGE Platform has advanced language and technology feature sets that create commercially applicable language instances, allowing vendors to offer a single storefront experience in multiple languages with capabilities from first-touch marketing and social communications, customer service, creating an end-to-end enhanced Ecommerce experience. This creates a global experience for both the vendor and customer in an efficient and effective environment, enabling complete scale of all online multi-lingual activities.
YPPN $YPPN
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