Monster Arts is Awarded Winning Bid in Auction to Acquire Url MonsterWallet.com
San Clemente, CA / ACCESSWIRE / August 26, 2014 / Monster Arts, Inc. (OTCQB:APPZ) a leading mobile marketing and app technology innovator, is very pleased today to announce today its successful bid and acquisition of the domain name and url MonsterWallet.com in GoDaddy Auctions.
"We have been watching this domain for more than a year with great excitement, and have identified it as potentially one of the key strategic components of our new business model the acquisition of this very key piece of intellectual property. I am excited to report that we held out and achieved our objective and now, the coveted url 'MonsterWallet.com' is ours," said Wayne Irving, Monster Arts' Chief Executive Officer.
Clearly, and with good reason, Monster Arts sees attractive opportunities for sustained and impressive revenue growth in the area of mobile payments and carrying more of your needed in your phone, and less in your physical wallet or purse. As previously reported by Wikipedia, the total market for all types of mobile payments was expected to reach more than $600B globally by 2013, which would be double the figure as of February, 2011, while the mobile payment market for goods and services, excluding contactless NFC transactions and money transfers, was expected to exceed $300B globally by 2013. (Wikipedia: Mobile Payment). In addition, the market research firm Gartner expects global mobile transaction volume and value to average 42 percent annual growth between 2011 and 2016, and forecasts a market worth $617 billion, with 448 million users, by 2016. See "Mobile Payments To Reach $616bn in 2016, says Gartner," 5/29/12, Jack Schofield for Jack's Blog.
What exactly accounts for this explosive growth? Monster Arts points to a few undeniable realities facing consumers and business persons in today's faced-paced modern world: (i) the multitude, if not cascade, of cards that we need access to during the day, at seemingly a moment's notice, including credit cards, debit cards, loyalty or reward cards, gift cards, insurance cards, roadside assistance and identification cards (just to name a few); and (ii) the hyper-growth associated with the usage of Smartphones, tablets and other types of mobile communication technologies.
Indeed, these trends have created a perfect storm for the 'walletized' solutions market and, more specifically, for the kind of mobile information collection and payment solutions presented by Monster Arts' new apps available or under development; "Perfect Receipt" and "Mia" to name a few. These two products serve an immediate need in today's highly mobile world, where buyer and consumer need to be able to access their vital and important information at a moment's notice, but without the hassle and headaches associated with bloated wallets and loose papers. And these apps not only give consumers more flexibility and choices in terms of how and when they can make purchases, but also empower users by allowing true electronic "portability" of vital personal and business information, whether it relates to the users home, health, car or finances (e.g. insurance). In sum, these apps provide a very practical answer to the dilemma of how to stay organized and prepared in our digital age.
Concluded Irving, "We're extremely excited about our continued focus of entry into this hot sector of the mobile technology market with our versatile and timely new app offerings, each of which will be marketed and promoted under the powerful mantle of the MonsterWallet domain and url. I use my phone for so many things, I would have to call the office to get the details for; now it's all in my phone. And with the cloud, even if I lose my phone or device, its immediately available on my replacement device upon purchase and setup."
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. Monster Arts has Joint Ventures with several other public and private companies and is 53% equity owner in Candor Homes Corp, a Joint Venture with Purity Investments LLC, whereas the company is looking 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.