FOUNTAIN VALLEY, Calif., Nov. 6, 2013 (GLOBE NEWSWIRE) -- MEDL Mobile, Inc. (OTCBB: MEDL ) – a custom developer and incubator of mobile applications –announced today that the company has debuted on the Orange County Business Journal's list of Fastest Growing Public Companies which listed MEDL as the #3 fastest growing Small Public Company and #6 overall.
MEDL was the only newcomer to the list from the Technology Industry, posting 181.5% two year revenue growth. In total, the OCBJ reports that the Fastest Growing Public Companies in Orange County increased an average of 24.3% two year revenue growth representing $90.2 billion in revenue and 226,647 total jobs.
MEDL Custom Development growth has been fueled in the last two years by mobile app development projects from notable clients such as Hyundai, Medtronic and Taco Bell.
Additionally, earlier this year MEDL released a project called "Hang w/" that had been incubated in stealth by the developer for nearly three years. Hang w/ has received subsequent funding of $2.6 Million with MEDL being the largest shareholder of Hang With, Inc.
"It's certainly been an exciting two years and we are thrilled to be included on such a prestigious list," said Andrew Maltin. "But we don't like to rest on our laurels. For us today, the focus is on continuous growth and the future of Mobile and Social."
The Hang w/ mobile app enables live streaming of video from one phone to many. It has already been downloaded more than 650,000 times and has generated nearly 2,000,000 live broadcasts, 12,000,000 user sessions, and more than 285,000,000 "Hang w/ me" notifications.
The Hang w/ platform has attracted musicians, athletes and celebrity broadcasters since launch, having signed up more than 80 celebrities and athletes including 50 Cent, Timbaland, Kaskade, Paula Abdul, Shaun T, Terrell Owens, Cheech and Chong, Jessica Sanchez and Jamie Kennedy.
About MEDL Mobile
MEDL has led mobile strategy, ideation, development, marketing and monetization for many of the biggest names on the planet - in areas diverse as entertainment, telecom, medicine, education and retail - for such prestigious clients as Hyundai, Taco Bell, Monster.com, The New York Times Company, and Telefonica. The Company enters into partnerships to mobilize and monetize IP with such notable names as Encyclopedia Britannica, Real Madrid, Cheech & Chong and Marlee Matlin.
MEDL's patent-pending Mobile Brain is a powerful analytic engine which classifies users according to their Mobile Lifestyle via a Detailed Anonymous Profile (D.A.P.) and learns to make recommendations based on a predictive algorithm.
For more information about MEDL Mobile, please visit www.medlmobile.com .
Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about MEDL Mobile's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Potential risks and uncertainties include but are not limited to the ability to integrate Inedible Software apps and platform into MEDL's product offering, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.
For more information about MEDL Mobile, please visit http://www.medlmobile.com .
Media Contact: DJ Swanepoel MEDL Mobile 714-617-1991 ex. 4211 Investor Relations Contact: RedChip Companies, Inc. Jon Cunningham 800-733-2447, Ext. 107 407-644-4256, Ext. 107 http://www.redchip.com
