Fort Myers, Fl., June 18, 2014 -- Yippy, Inc. (OTC Pink: YIPI), a unified data company known for its search clustering technology, Big Data intelligence, data warehousing, and eDiscovery tools announced today key updates on the status of the Company.
"We are pleased to report that our proprietary EASE platform has completed a rigorous testing period and the results were better than expected,? stated Errol Walsh, COO, Yippy, Inc. He continues, ?Our abilities in the data world far exceed those of any competitor including the majors. We put our software up against any and all players for any type of data use case. Yippy?s EASE platform is substantially more flexible, scalable, and inherently faster by design.?
?We are working on a landmark deal for our company and shareholders with our largest customer. I feel we are close to having the full scope and terms on the table in the next week. The EASE platform is highly desirable, irreproducible, and our ability to under-price and out-produce the competition by unobtainable margins is without question feasibly realistic,? concluded Walsh.
Yippy?s CEO, Rich Granville added, ?The Company has retired all of its long term debt from the books. Most recently, we converted $982 thousand in notes, plus accrued interest and penalties for 4 million shares of restricted common stock. These conversions were made at a near full market valuation. I appreciate the patience and unity of our shareholder base and past creditors; we?re very close to something extraordinary.?
About Yippy, Inc.
Based in Fort Myers, Florida, Yippy, Inc. is a technology company that specializes in the development of search, data normalization, data warehousing, and intelligence through application service environments for consumer and enterprise markets. Yippy's proprietary web-based product suites are deployed over cloud architecture and provide secure, redundant and maintained data services for businesses and education markets. The Company also operates several online web properties and educational reference portals. Investors can find current financial disclosure for the Company on www.otcmarkets.com .
Forward-Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Yippy, Inc. can be found in the filings of Yippy, Inc. on OTC Markets ( www.otcmarkets.com ).
Contact:
Investor Relations
Yippy, Inc.
1-877-YIPPY01
info@yippyinc.com
