|By Marketwired .||
|May 27, 2014 03:01 AM EDT||
SANTA BARBARA, CA -- (Marketwired) -- 05/27/14 -- Warp 9, Inc. (OTCQB: WNYN), the premier provider of mobile and e-commerce solutions for midsize online sellers, today reviewed its year-to-date rapid growth rate and future plans for mobile commerce.
"We are pleased with the growth of Warp 9 during the past 2-3 quarters," said Andrew Van Noy, CEO of Warp 9. "During that period of time, we successfully migrated all of our legacy e-commerce customers from our old technology platform to Magento, a state-of-the-art enterprise grade e-commerce platform. In addition, we moved all of the sites of our existing base of customers from our old datacenter to a highly scalable and robust cloud-based hosting environment. This has allowed us to focus all of our energy on delivering powerful mobile and e-commerce solutions to our customers who are now reaping the benefits."
Mr. Van Noy continued, "We are highly focused on Magento and other powerful mobile and e-commerce platforms, and we are seeing rapid sales growth. Currently, we are experiencing a quarter-over-quarter customer acquisition growth rate of over 60% since the beginning of our fiscal year. These new customers are excited about our service offering and expertise, and a majority of them are increasing their service contracts with us after only 30 days."
Among the most common requests Warp 9 receives from retailers and wholesalers are for mobile e-commerce website that can seamlessly integrate their business processes and increase their sales. "Mobile is huge right now," says Van Noy. "Our Customers are seeing as much as 50% of their traffic coming from smartphones. Implementing a mobile commerce site, which we can complete rapidly, is significantly increasing their conversion rates and sales, as well as our own revenue."
To keep up with this growth in new business, Warp 9 has hired additional key team members within the past two months. Mr. Van Noy commented, "These new team members have integrated smoothly with our existing team and their experience is already proving to be extremely valuable to both Warp 9 and our customers. In addition, to keep up with this growth trajectory, we are planning on hiring more team members in the next quarter. "
"The future is bright," says Van Noy. "As consumer shopping trends continue to move online, both wholesalers and retailers are being forced to improve their e-commerce and mobile commerce strategies. We expect the demand for our services to increase over the next few years, as more money and focus are put into e-commerce."
About Warp 9
Since 1998, Warp 9, Inc. is the premier provider of eCommerce solutions for midsize online sellers. Offering fully managed Software-as-a-Service web and mobile eCommerce technology, Warp 9 allows customers to focus on their core online businesses, rather than on technical implementations. To learn more about Warp 9, please visit www.warp9inc.com or on Twitter at www.twitter.com/warp9inc, or on Facebook at www.facebook.com/warp9inc
Safe Harbor Statement
Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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