TAVG Membership Sales and App Development Contracts Lead To Revenues Greater Than Combined Audited Revenues For All Of 2013
Orange County, CA / ACCESSWIRE / May 21, 2014 / Monster Arts, Inc. (OTCQB:APPZ), a leading mobile marketing and app technology innovator, is pleased today to announce its First Quarter, 2014 Financial Results, with revenues increasing 298% over the comparable figure for Q1 2013. In fact, the Q1 2014 revenue numbers represent a 58% increase over the Company’s total revenues for all of fiscal year 2013. The Company’s recently filed 10-Q, which documents the above-referenced revenue increase, as well as Monster Arts overall financial performance during all of Q1 2014 can be seen here: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10003478.
The Company credits this year-over-year jump in revenues to an increase in sales of memberships for its Travel America Visitor Guide (TAVG) Smartphone app directory and related websites, along with an increase in services revenues from game apps development and lifestyle apps development for a number of new clients, including, among others, Max Apps LLC.
“We are pleased with our first quarter results, which clearly demonstrate the value being created by the successful execution of our strategic plan for TAVG. After rebuilding and re-launching the new and improved Travel America Visitor Guide Smartphone apps and websites, we are now moving full speed ahead to increase the number of business members that see the value in being a part of this growing nationwide network of local, participating businesses. We are now focused on driving greater efficiencies and profitability into our operational results,” observed Wayne Irving, Monster Arts' Chief Executive Officer.
Irving went on to comment, “Our focus on capitalizing on the operating leverage inherent in our business model, as well overall improvements in our marketing efficiencies (in terms of yielding greater sales revenues for each dollar of marketing expenditures) and a focus on building bigger, better, and higher priced apps clearly yielded significant benefits for us during Q1 2014. As we continue to focus on driving further efficiencies into our business operations, we expect our revenues, margins and prospects for profitability and net positive cash flow to continue to improve. In addition, as we focus on high growth opportunities in adjacent markets – such as such as our collaborations with Mind Solutions(OTCBB: VOIS), among others, we remain particularly excited about the early success we are seeing in our strategic partnerships with other companies, in terms of projects involving the development of Smartphone apps and profit sharing arrangements with regard to the revenues generated from the sales or utilization of those apps.”
About Monster Arts, Inc:
Monster Arts is a leading mobile marketing and app technology innovator, designing a variety of mobile apps for purchase and download by the retail consumer and assisting business clients with online marketing through its Travel America Visitor Guide, mobile app design services, crowd funding consulting services and marketing, management, and promotions services. Additionally, Monster Arts participates in joint venture arrangements with a number of other public and private companies. and is also a 53% equity owner in Candor Homes Corp, a joint venture with Purity Investments LLC, in which the company plans to build new energy efficient homes in central Iowa.
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Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Arts, Inc. (APPZ), with the U. S. Securities and Exchange Commission. Further information on risks faced by APPZ are detailed in the Form 10-K for the year ended December 31, 2012, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the U. S. Securities and Exchange Commission at http://www.sec.gov/. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Arts does not undertake any obligation to publicly release the any revision to these forward-looking statements that may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements.
Source: Monster Arts, Inc.