Lifeapps Health and Sports One Group Poised to Take Advantage of Mobile Commerce Opportunities
SAN DIEGO, CA / ACCESSWIRE / October 24, 2014 / LifeApps Digital Media Inc. (OTCQB: LFAP) ("LifeApps"), an emerging growth company and designer of applications ("apps"), new media, products and next-generation social networks for medical, sports, health, fitness and entertainment enthusiasts and operator of wholesale sporting goods e-tail supplier Sports One Group and Performance Gear is implementing new e-commerce solutions into its future app product road map.
mCommerceDaily reports that mobile e-commerce is now a more than $40 Billion market, double from the previous year, and on track to hit $50 Billion by year end. The mobile e-commerce market has grown from $2 Billion in 2010 to $43 Billion in 2013 according to Custora E-Commerce Pulse. More than a third (37%) of online store visits came from mobile, in 2010 it was 3%. The study also notes that consumers who trust a retailer after their first desktop transaction are more willing to make repeat purchases on a mobile device.
"We are excited about the growth of this market," states Robert Gayman, CEO of LifeApps. "The next step in enhancing and growing our revenues will come from the effective implementation of e-commerce/mobile commerce solutions into our mobile app product lines. Both LifeApps Health and Sports One Group are well suited to enter into the mobile commerce market."
About LifeApps Digital Media Inc.:
LifeApps is a digital media company focusing on health, fitness, sports publications, and next-generation social networks. The company is a leading, authorized developer, publisher and licensee for Apple iOS – iPhone, iPod Touch, and iPad – and Android tablets on Google Play and Kindle Fire and Androids via Amazon Mobile Marketplace. Health, fitness and sports enthusiasts can benefit from the expertise of top-tier sports physicians, performance fitness trainers and professional athletes through LifeApps multi-sport and fitness publications and mobile apps. These subject matter experts create the skills, drills and workouts that are featured in the family of LifeApps Digital Media products and publications.
For more information about LifeApps, please visit: http://www.lifeappsmedia.com/.
Forward-Looking Statements:
This release contains "forward-looking statements" as that term is used under the federal securities laws. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. These forward-looking statements are subject to various risks and uncertainties that could cause LifeApps' actual results to differ materially from those currently anticipated, including risks and uncertainties relating to the Company's business, product development, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in the Company's filings with the Securities and Exchange Commission (the "SEC") including the Company's annual report on Form 10-K filed with the SEC on April 14, 2014. The Company does not undertake to update these forward-looking statements.
CONTACT:
David S. Dawson
10636 Scripps Summit Court
Suite 148
San Diego, CA 92131
[email protected]
(858) 577-0500
SOURCE: LifeApps, Inc.