ANDI Huge news, breakout! Up 42% already on huge v
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ANDI Huge news, breakout! Up 42% already on huge volume!!
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Andiamo Corporation (ANDI) to Acquire an Inc. 500 Rated Company
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Andiamo Corp. (PC) (USOTC:ANDI)
Intraday Stock Chart
Today : Tuesday 25 September 2012
Andiamo Corporation (PINKSHEETS: ANDI) announced that it has entered into a definitive purchase agreement to purchase an Inc. 500 award winning company. The target company was founded in 2002 and ranked on the prestigious Inc. 500 list in 2010 and in the top 800 in 2011.
"We have been working on this acquisition since April of this year, so we expect due diligence to be completed quickly and without issue. Once due diligence is complete, we will make an announcement of the company's name. Previous product launches by this company in 2010 and 2011 resulted in over $8 million of gross revenue. This company will be a huge addition for ANDI as it brings unique product launch methodology, along with specific technologies that focus on web based social media and app tracking analytics, coupled with advertising strategies and social media solutions. This acquisition will be paid for with cash on hand, non-convertible seller financing and success royalties. This company will complement our existing app business as we look to expand our monthly income and profits by providing a subscription based recurring revenue model for both web and app based users. We are looking forward to providing many updates 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 I can share our integration strategy and outlook with our shareholders," said Dustin Secor, CEO.
The target market for this company is a multi-billion dollar marketing channel and it is estimated that this market sector will exceed $4 billion in spending by 2014.
About Andiamo Corporation:
ActionApp is currently expanding their popular and profitable inventory of apps in rapid fashion across Apple and Android, having reached a short term goal of 500 apps in their portfolio, with 1000 Apps set for a longer term goal. ActionApp has exceeded 17 million downloads and is now using that experience to expand into other web and app based opportunities.
www.action-app.com
Safe Harbor Statement at www.action-app.com/statement/
Investor Relations Contact:
Equiti-trend Advisors, LLC
(800) 953-3350
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