InternetArray Subsidiary Noobis Reports Increased Sales Margins and New Releases
19 Junho 2012 - 2:59PM
Marketwired
InternetArray, Inc., (PINKSHEETS: INAR), reported that its
subsidiary, Noobis, Inc.'s economies of scale have led to a 25
percent increase in sales with a stronger-than-expected sales
margin, the result of expansion that began with the opening of a
development office in Dhaka, Bangladesh in conjunction with
establishing new sales channels through key partnerships.
Continuing to build upon its strong social media technical
skills and presence, Noobis has significant new applications
nearing completion. A new suite of offerings are being readied for
imminent release to spearhead the second half of 2012 sales push,
including the Company's first iOS App. This photo app for iPhones
and iPads currently in Alpha testing, will be introduced early next
quarter and will encourage sharing via social media and phone
contacts. The app is designed to generate revenue through vendor
sponsorship and mobile ads.
InternetArray, in conjunction with Noobis, has developed
StockPlay.com, a new financial social media-based network forum for
investors focused on companies trading on the OTC Markets.
StockPlay has been in testing mode and the new live site is
expected to be available to the public in the coming weeks.
Other significant new product and business platforms are nearing
completion and will be released in the near future.
Business Affairs.
In April, 2012, InternetArray announced that it was planning the
spin-off of two subsidiaries for the benefit of its shareholders
into independent public companies. BidSell Buy, Inc., and Premier
Gold Traders, Inc. are contemplated to be fully-reporting companies
listed on the Over-the-Counter Bulletin Board ("OTCBB").
Preparations for completing both spin-off registrations are
underway.
InternetArray, Inc. received notice that the Depositary Trust
Company ("DTC") deposit chill on its common stock may be appealed
by the Company. Therefore, an appeal filing is underway.
This press release may contain certain statements that are not
descriptions of historical information, but are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Exchange Act of 1934. These
forward-looking statements refer to matters that involve risks and
uncertainties. Such statements reflect management's current views
and are based on certain assumptions. Actual results could differ
materially from the assumptions currently anticipated.
Contact: Investor Relations InternetArray, Inc. Email
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InternetArray (CE) (USOTC:INAR)
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