|By Marketwired .||
|July 21, 2014 09:30 AM EDT||
PLAINVIEW, NY--(Marketwired - July 21, 2014) - Blast Applications (PINKSHEETS: BLAP) announced today that it has entered into an LOI with IFBC (Italian Food and Beverage Corporation), which is the Holding Company for JustWine, to merge their business interests. The parties have agreed to enter into a period of due diligence to take their presently successful working partnership to the next level.
JustWine, a seller of high quality European wines, has exploded onto the world market in the last few years and is now making the move into the U.S. Market. Mr. Lorenzo Buffi, founder of JustWine, stated: "Our work these last few months with Blast Applications has convinced us that BLAP is the company to bring us into the U.S. Market. Their expertise in marketing, especially the mobile application development industry is exactly the forward-looking dynamic that we want."
"The work with JustWine has been very rewarding," said Mr. Dino Luzzi, CEO of Blast Applications. "Mr. Buffi has transformed an online enterprise into a retail giant with revenues of over 5 million dollars in a few short years. His business plan works, and we have the marketing tools to bring his product into the entire US market. Not only targeting online sales and wholesale/retail distribution centers, we also plan to make the constantly growing list of vintage wines available to restaurateurs."
For the shareholders, a restructuring of the company shares is already in discussion with its team of lawyers and financial auditors, who are planning to move BLAP off of the OTC market.
"With revenues projected at $7 million, and the expansion into the US certainly adding considerably to that number, it only makes sense to restructure shares in a move to a higher board.
"We are scheduling meetings with Fund Managers who will assist us in the merger as well as in other opportunities for shareholders, such as a secondary offering."
Under the letter of intent, after the completion of the transaction, shareholders will be informed of the new structure."
About Blast Applications, Inc.
Blast Applications, Inc. is a marketer and developer of applications for Android, iPhone
Forward Looking Statements
This release contains "forward-looking statements" and information provided by Blast Applications, Inc., such as online, printed documents, publications or information available via Blast Applications, Inc's website. It may contain certain forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause Blast Applications Inc.'s results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may also include plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. There can be no assurance that the negotiations being considered by the letter of intent will be completed.
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 25, 2016 02:00 PM EDT Reads: 2,546
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 25, 2016 02:00 PM EDT Reads: 1,504
Sep. 25, 2016 01:00 PM EDT Reads: 813
Sep. 25, 2016 12:45 PM EDT Reads: 4,345
Sep. 25, 2016 12:45 PM EDT Reads: 2,361
Sep. 25, 2016 12:15 PM EDT Reads: 1,074
Sep. 25, 2016 12:15 PM EDT Reads: 3,372
Sep. 25, 2016 11:45 AM EDT Reads: 1,634
Sep. 25, 2016 11:30 AM EDT Reads: 1,504
Sep. 25, 2016 11:00 AM EDT Reads: 1,497
Sep. 25, 2016 11:00 AM EDT Reads: 1,557
Sep. 25, 2016 10:45 AM EDT Reads: 3,624
Sep. 25, 2016 10:30 AM EDT Reads: 1,699
Sep. 25, 2016 10:15 AM EDT Reads: 851
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Sep. 25, 2016 10:00 AM EDT Reads: 1,338