SAN DIEGO, CA--(Marketwired - Jul 25, 2013) - The OTC Journal, the longest running electronic newsletter focused on the small cap and microcap sectors, notes a recent flurry acquisitions in the APP space are starting to create investor interest in the sector.
LifeApps Digital Media (
Businesses recognize mobile solutions are becoming a key component in their growth strategies. Nokia recently released a study demonstrating the average user checks their mobile phone about 150 times per day.
By the end of 2013 there will be more mobile phones than people on Earth. At present, approximately 28% of media budgets are devoted to digital spend. The advertising spend on mobile strategies is expected to swell to nearly 40% by 2016 according to PricewaterhouseCoopers.
China's giant search engine company Baidu recently entered an MOU (memo of understanding) to purchase 91 Wireless from parent company NetDragon for $1.9 billion in cash. 91 Wireless is an APP development company.
Yahoo!'s resurgence this year from $20 to a recent high of $30 in 2013 has been fueled by acquisitions. New CEO Marissa Mayer has been employing start-up purchases to reinvigorate the company and secure talent.
Recently, Yahoo! acquired Bignoggins, the creators of several sports related mobile apps for an undisclosed amount.
With the burgeoning growth of mobile usage comes the need for mobile solutions. In the sports and fitness arena, LifeApps (
LifeApps (
Larry Isen, Editor of the OTC Journal, states:
"In my view, it's only a matter of time before investors seek smaller, innovative companies in the mobile space. LifeApps (
LifeApps Digital Media products and publications can be found at:
http://youworkout.com/ (YouWorkout Magazine) http://lifeappsmedia.com/content/portfolio/md...t-for-ios/ (MDWorkout APP) http://www.coregrip.com/ (CoreGrip Site)
To read the OTC Journal library of past editions on LifeApps Digital Media (
http://www.otcjournal.com/LifeApps/LFAP/af/profile/
Additional detail via the OTC Journal article as well as associated disclaimers can be accessed or downloaded in their entirety by visiting www.otcjournal.com .
This report is the opinion of the OTC Journal and was written based upon publicly available information. LifeApps Digital Media, Inc. has not endorsed or compensated the OTC Journal for this report.
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About LifeApps Digital Media, Inc.: LifeApps Digital Media, Inc. (
For more information, please visit http://www.lifeappsmedia.com .
OTC Journal Larry Isen Publisher editor@otcjournal.com
