CALGARY, Sept. 15 /CNW/ - Multiplied Media Corporation (TSX:V MMC), an award-winning, Calgary-based provider of mobile local search services, is pleased to announce its 1,000,000th user for the Poynt application.
"We are extremely pleased that our users have come to trust Poynt as their go-to application for mobile local search," stated Andrew Osis, CEO, Multiplied Media. "The increase we have seen in average monthly searches per user reinforces our decision to add people and restaurant search to Poynt. With the continued adoption of our latest release by the existing user base and the anticipation of our previously announced version for iPhone, we expect continued user growth, and as a result, growth in average searches per user which in turn contributes to revenue generation."
Poynt is a free(xx) local search application that delivers business, people, movie and restaurant listings by keyword and location. The application is available for the BlackBerry(R) Pearl(TM) and BlackBerry(R) Curve(TM) series smartphones, as well as the BlackBerry(R) Bold(TM), BlackBerry(R) Storm(TM) and BlackBerry(R) Tour(TM) smartphones and takes advantage of capabilities including locates by GPS* and cell-site, click-to-call, click-to-map and click-to-browse-website. Poynt is available to BlackBerry smartphone owners in Canada, the United States, Germany and the United Kingdom. The latest version of Poynt is available for download on BlackBerry App World(TM) (www.blackberry.com/appworld) or by visiting http://m.mypoynt.com from your BlackBerry(R) Browser.
* Requires a GPS-enabled BlackBerry smartphone.
(xx) Wireless charges may apply. Please check with your wireless service
About Multiplied Media Corporation
Multiplied Media (www.multiplied.com) has developed the award-winning application Poynt (www.mypoynt.com), the mobile local search service available over BlackBerry smartphones. Through agreements with directory and vertical content providers in Canada, the United States and Europe, Poynt simplifies finding and connecting with businesses, retailers and events wherever and whenever it is most convenient for the consumer. Headquartered in Calgary, AB, Canada, Multiplied Media trades on the TSX Venture Exchange under the symbol MMC.
This news release contains forward-looking statements relating to the anticipated impact on user numbers and revenues relating to the adoption of the Poynt application as well as development for the iPhone, timing of the iPhone release, potential revenue generation and other statements that are not historical facts. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The results or events predicated in these forward-looking statements may differ materially from actual results or events. As a result, you are cautioned not to place undue reliance on these forward-looking statements.
These forward-looking statements are based on certain key assumptions regarding, among other things: future technological developments; the cost of expanding product lines; the impact of increasing competition; the continuity of existing business relationships; conditions in general economic and financial markets; and our ability to obtain financing on acceptable terms. Material risk factors that could cause actual results to differ materially from the forward-looking information include, but are not limited to: the deteriorating economic and market conditions that could lead to reduced spending on information technology products; competition in our target markets; potential capital needs; management of future growth and expansion; the development, implementation and execution of the Company's strategic vision; risk of third-party claims of infringement; protection of proprietary information; customer acceptance of the Company's existing and newly introduced products; and the success of the Company's brand development efforts; risks associated with strategic alliances; reliance on distribution channels; product concentration; need to develop new and enhanced products; potential product defects; our ability to hire and retain qualified employees and key management personnel; and risks associated with changes in domestic and international market conditions and the entry into and development of new markets for the Company's products.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on expectations of, or statements made by, third parties in respect of the forward looking statements identified above.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.
SOURCE MULTIPLIED MEDIA CORPORATION
For further information: For further information: Andrew Osis, CEO & Director, Multiplied Media Corporation, (403) 444-4102, firstname.lastname@example.org; MEDIA CONTACT: Margaret Glover-Campbell, Director, Communications, Multiplied Media Corporation, (403) 444-4105, email@example.com