FOUNTAIN VALLEY, Calif., Sept. 23, 2013 (GLOBE NEWSWIRE) -- MEDL Mobile, Inc. (OTCQB:MEDL), a pioneer in the creation, development, marketing and monetization of mobile apps, today announced it is adding DoubleBeam's mobile payments software development kit (SDK) to its award-winning mobile app development platform providing developers and users with mobile commerce capabilities.
DoubleBeam's digital image capture and mobile based eChecking payments tool will allow MEDL to embed mobile payment capabilities into their current library of mobile applications as well as future applications developed on the MEDL platform. MEDL's extensive network of apps, partner apps and client apps will soon have the ability to accept and process mobile payments within the existing mobile application.
"DoubleBeam shares our passion for creating innovative mobile solutions that leverage modern technology to create a more enriched customer experience," said Andrew Maltin, CEO, MEDL Mobile. "Adding mobile commerce to MEDL's menu of tools and services further empowers our team of strategists, architects and developers to create best in class solutions for ourselves and for our clients and partners."
DoubleBeam is one of the first mobile payments technology providers to leverage mobile-based eChecking, and onboards users by simply taking a picture of a blank check and photo identification. Using this model retailers gain an 80 percent savings related to Interchange fees, and typically have access to funds in 24 to 48 hours. Consumers gain the convenience of paying for purchases with their mobile device, and earn exclusive rewards and savings.
"MEDL is recognized and praised for its innovative, visionary approach to mobile application development," said Ted Tekippe, CEO of DoubleBeam. "We are looking forward to working with their team to bring mobile payments to their growing network of mobile apps."
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.
MEDL Mobile is the largest shareholder of Hang With, Inc. The Hang w/ mobile app connects people around the globe through live streaming video and simultaneous chat - allowing hundreds, thousands and eventually millions of users to "hang with" their favorite people in real time.
To date, the Hang w/ platform has attracted more than 75 celebrities and athletes including 50 Cent, Timbaland, Kaskade, Paula Abdul, Shaun T, Terrell Owens, Jordin Sparks, Cheech and Chong, Jessica Sanchez and Jamie Kennedy. Hang w/ recently announced a $2,000,000 Series A Round Investment which is being used to fund the company's aggressive plans to scale the platform.
For more information about MEDL Mobile, please visit www.medlmobile.com.
For more information about Hang w/, please visit www.hangwith.com.
About DoubleBeam
DoubleBeam provides white-labeled mobile payments technology solutions designed to easily integrate into any existing mobile application or digital wallet. DoubleBeam's technology solutions have been deployed by mobile commerce providers, retailers and point-of-sale (POS) vendors, delivering an enhanced end-user experience, driving out costs by virtually eliminating transaction fees, and leveraging captured data to deliver more targeted, relevant offers and rewards/loyalty programs. DoubleBeam is located in Pasadena, California. Visit www.doublebeam.com for more information.
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.
MEDL Mobile Investor Relations Contact: RedChip Companies, Inc. Jon Cunningham 800-733-2447, Ext. 107 407-644-4256, Ext. 107 http://www.redchip.com Media Contacts: DoubleBeam: Anna Stanley/Ryan Mills 678-781-3072/678-781-7222 MEDL Mobile: DJ Swanepoel , 714-617-1991 ext. 4211
