Andiamo Corporation (ANDI) To Acquire An Inc 500 Rated Company
Sep 25, 2012
OTC Disclosure News Service
Pinellas Park, FL –
Andiamo Corporation (ANDI) ToAcquire An Inc 500 Rated Company
St. Petersburg, FL – Andiamo Corporation(PINKSHEETS: ANDI) announced that ishas entered into a definitive purchase agreement to purchase an Inc. 500 awardwinning company. The target company wasfounded in 2002 and ranked on the prestigious Inc 500 list in 2010 and in thetop 800 in 2011.
“We have beenworking on this acquisition since April of this year, so we expect duediligence to be completed quickly and without issue. Once due diligence is complete, we will make an announcement ofthe companies name. Previous productlaunches by this company in 2010 and 2011 resulted in over $8 million of grossrevenue. This company will be ahuge addition for ANDI as it brings unique, product launch methodology alongwith specific technologies that focus on web based, social media and apptracking analytics coupled with advertising strategies and social mediasolutions. This acquisition will bepaid for with cash on hand, non-convertible seller financing and successroyalties. This company will complement our existing App business as we look toexpand our monthly income and profits by providing a subscription basedrecurring revenue model for both web and app based users. We are looking forward to providing manyupdates as we complete this transaction and the re-launch of the product line.I will also schedule a conference call after the acquisition is complete so Ican share our integration strategy and outlook with our shareholders” SaidDustin Secor, CEO.
The target marketfor this company is a multi-billion dollar marketing channel and it isestimated that this market sector will exceed $4 Billion in spending by 2014.
About Andiamo Corporation:
ActionApp is currently expanding their popular andprofitable inventory of apps in rapid fashion across Apple and Android having reached a shortterm goal of 500 apps in their portfolio, with 1000 Apps set for a longer termgoal. Action Apps has exceeded 17million downloads and is now using that experience to expand into other web andapp based opportunities.
Safe Harbor Statement at www.action-app.com/statement/
Investor Relations Contact:
Equiti-trend Advisors, LLC
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