|By Marketwired .||
|June 30, 2014 09:05 AM EDT||
SCOTTSDALE, AZ -- (Marketwired) -- 06/30/14 -- Spindle, Inc. (OTCQB: SPDL), a leading provider of mobile commerce solutions, reported that it is experiencing considerable growth in both the consumer- and merchant-facing aspects of its mobile commerce services. According to the company, the rate of new downloads of Spindle's Yowza!! mobile couponing application increased 81 percent in the second quarter, compared to first quarter when the company began investing resources in the Yowza!! line after the close of its acquisition on January 3, 2014. Spindle also noted that the Yowza!! app now presents in-store offers at some 120,000 merchant outlets around the country, representing an approximate 25 percent increase since the acquisition. Among the nationwide retailers working with Spindle include Big 5 Sporting Goods, Guitar Center, and the Intercontinental Hotel Group, which includes popular brands like Holiday Inn, Intercontinental and Crowne Plaza properties.
Yowza!! is a comprehensive, location-based mobile marketing platform that allows merchants to deliver coupons and offers directly to the consumer's mobile device.
"We are pleased with the growth of the Yowza!! platform on both the consumer and merchant sides of our business, particularly in this short span," said Bill Clark, chief executive officer at Spindle. "We believe these figures validate the growing appeal of mobile commerce, and demonstrate the viability of our approach in providing a value-added solution that serves the distinctive needs of merchants and consumers. We expect to see continued favorable results for Yowza!!, particularly as we look to roll out a number of new services -- such as in-store location-triggered offers that leverages our beaconing system, and integrated marketing and payment services through Yowza!! branded cloud-based point-of-sale technology."
According to Clark, Spindle is also completing a rebranding process aimed at further accelerating growth.
"When we acquired the Yowza!! property, we recognized that this brand already had a solid consumer base in the market. We made the decision to leverage this identity, and have now completed the first of several planned customer-facing initiatives, beginning with a refreshed Yowza!! logo and color scheme for the mobile apps and GetYowza.com portal. When combined with our traditional and viral marketing programs, we expect to see accelerated acquisition of both merchants and consumers to our platform. We also believe Spindle has reached the point where we should see our investment in our payments and Yowza!! platforms begin to generate a return on investment in the form of revenue growth, commencing in quarters three and four."
"Spindle continues to show tremendous strength in a rapidly evolving sector," explained Vikrant Gandhi, senior analyst with the market research firm Frost & Sullivan. "The fact that they added a significant number of consumers and merchants to the Yowza!! platform indicates that the company's strategy is sound and viable. As businesses become more aware of mobile commerce, Spindle will be in a strong position to convert this interest into revenue."
Spindle is an innovator of mobile commerce solutions for financial services providers and consumer-facing merchants of all sizes. Spindle is focused on pioneering new ways for businesses to rapidly integrate mobile payments acceptance and mobile marketing services while empowering location-based merchant discovery, fulfillment and frictionless mobile payments for consumers. Spindle is dedicated to expanding beyond traditional electronic payment boundaries by offering cutting-edge solutions that allow clients, partners, merchants and consumers to take full advantage of the rapidly emerging mobile economy. Spindle has an extensive proprietary intellectual property portfolio -- which include patents pending -- that encompass networks, mobile payments, and security. For more information, visit www.spindle.com.
This release includes 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. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements, as described in our reports filed with the Securities and Exchange Commission which are available for review at www.sec.gov, to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Public Relations Contact
Chief Executive Officer
Parallel Communications Group
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 7, 2016 07:30 AM EST Reads: 809
Dec. 7, 2016 06:45 AM EST Reads: 1,988
Dec. 7, 2016 06:30 AM EST Reads: 1,800
Dec. 7, 2016 06:15 AM EST Reads: 5,325
Dec. 7, 2016 05:15 AM EST Reads: 1,054
Dec. 7, 2016 04:00 AM EST Reads: 866
Dec. 7, 2016 02:00 AM EST Reads: 625
Dec. 7, 2016 01:45 AM EST Reads: 6,163
Dec. 7, 2016 01:15 AM EST Reads: 1,879
Dec. 7, 2016 01:00 AM EST Reads: 1,617
Dec. 7, 2016 12:45 AM EST Reads: 3,938
Dec. 7, 2016 12:45 AM EST Reads: 1,244
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dec. 7, 2016 12:15 AM EST Reads: 1,033
Dec. 7, 2016 12:15 AM EST Reads: 1,377
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 7, 2016 12:00 AM EST Reads: 1,278