OMAG Stock News 2.2500 05/06/2014 13:29:11 Omagine Inc (OMAG

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LBS Market in APAC 2014-2018: One of the Major Challenges is the Lack of Knowledge about LBS among Enterprises and Individual Consumers
M2 - Wed Jan 22, 4:13AM CST
Research and Markets (http://www.researchandmarkets.com/research/l85k8z/lbs_market_in) has announced the addition of the "LBS Market in APAC 2014-2018" report to their offering. The analysts forecast the LBS market in APAC region to grow at a CAGR of 32.98 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing adoption of location-enabled devices in China and Southeast Asian countries. The LBS market in the APAC region has also been witnessing the increasing demand for free LBS applications. However, the lack of knowledge about LBS among users could pose a challenge to the growth of this market. Key vendors dominating this space are Adnear, AutoNavi Holdings Ltd., Google Inc., Jiepang API, Mapmyindia, NavInfo Co. Ltd., HERE (Nokia Corp.), TeleNav Inc., and TomTom N.V. Other vendors mentioned in the report are Bafang, Baidu Inc., Brarti Airtel Inc., Clingle (Srividya Tech Inc.), Dialme 24, Dialuz.com, Digu.com, Facebook Inc., GETIT Infoservices Pvt. Ltd., Guantu, Kaikai.com, LocationGuru, Maopao Community, Mobango Ltd., Mojostreet Infomedia Services Pvt. Ltd., MyCityWay, NavInfo Co. Ltd., NetEase Inc., PDAger Technology, Poynt Corp., Qieke.com, Sifang, Sina Corp., Tata DOCOMO, Tencent Holdings Ltd., Tiros Technology, and Weibo.com. Commenting on the report, an analyst from TechNavio's team said: Encouraged by the increasing popularity of LBS, many mobile application developers are developing free LBS applications. Moreover, numerous small LBS application developers are entering the LBS market in China and Southeast Asia with innovative LBS applications at very nominal charges or almost free of charge. Furthermore, with several advanced features and location-based mapping technology, most of the location-based/oriented searches are being provided free of charge by the LBS providers. For instance, Foursquare, one of the most popular social networking applications in India, uses geo-tagging technology, which helps subscribers to find the address of various places such as pubs, bars, and restaurants in their vicinity accurately for free. Similarly, the adoption of several free LBS social media applications is higher than any other LBS application which charges the users. For more information visit http://www.researchandmarkets.com/research/l8..._market_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Omagine Project: Letter of Intent Between Omagine LLC and BNP Paribas
GlobeNewswire - Tue Jan 22, 8:01AM CST
Omagine, Inc. (OTCQB:OMAG) today announced that its 60% owned subsidiary Omagine LLC, BNP Paribas, Wholesale Banking, Bahrain through its Corporate & Investment Banking department ("BNP Paribas CIB" and BNP Paribas Real Estate Property and Management LLC ("BNP Paribas Real Estate" have signed a non-binding letter of intent ("LOI" memorializing the parties discussion and proposal as set out below with regards to the Omagine Project:
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