Brisio Innovations Announces Acquisition of Portfolio of Mobile Applications
February 13 2014 - 9:00AM
Marketwired
Brisio Innovations Announces Acquisition of Portfolio of Mobile
Applications
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 13, 2014) -
Brisio Innovations Inc. (CSE:BZI), (the "Company"), is pleased to
announce that it has purchased all rights, intellectual property
and online assets associated with a portfolio of 40 applications
bringing the company's total number of mobile software applications
to 41.
This portfolio focuses on health and wellness and gaming apps,
and has an established and growing user base, which currently
generates consistent monthly cashflow. The portfolio consists of
apps that generate both purchase and advertising revenue and
currently has a consistent and growing number of combined daily
downloads of between 400 and 500 units.
For details on the individual apps, and to purchase, please
visit:
http://www.brisio.com/apps
Paul Andreola, the Company's President and CEO, states, "Brisio
continues to execute its business model of acquiring apps that will
generate significant returns for the company. This latest
acquisition grows our install base substantially and will greatly
contribute to the Company's monthly cashflow. We will also commence
translating these apps for Android devices to greatly expand our
potential install base. The expanding installed base will allow us
to easily cross market a greater number of offerings to a larger
number of customers."
The Company also confirms that, as previously announced, it
completed its name change to "Brisio Innovations Inc." and the
continuance of its corporate jurisdiction from Alberta to British
Columbia, on February 12, 2014.
About the Company
Brisio Innovations is focused on the acquisition, development
and marketing of software applications for mobile computing
devices, such as smart phones, tablets, and wearable computers.
On behalf of the Board,
Paul Andreola, President, CEO and Director
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking
statements, which reflect the expectations of management regarding
potential positive effects that the acquisition of the portfolio of
apps may have on the business of the Company. Forward-looking
statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future, and include discussion of: (i)
revenue generating potential of the apps; (ii) market potential for
the apps; and (iii) the Company's plans to translate the apps for
Android devices. Such statements are subject to risks and
uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if
they do occur, what benefits the Company will obtain from them.
These forward-looking statements reflect management's current views
and are based on certain expectations, estimates and assumptions
which may prove to be incorrect. A number of risks and
uncertainties could cause the Company's actual results to differ
materially from those expressed or implied by the forward-looking
statements, including: (i) that app purchasers may cease or fail to
purchase any of the apps; (ii) that potential growth is not as
expected; (iii) that the Company may be unable to successfully
translate the apps for Android devices; and (iv) other factors
beyond the Company's control. These forward-looking statements are
made as of the date of this news release and the Company assumes no
obligation to update these forward-looking statements, or to update
the reasons why actual results differed from those projected in the
forward-looking statements, except in accordance with applicable
securities laws. Additional information about the Company is
available in the Company's public filings with Canadian securities
regulators, available on SEDAR at www.sedar.com.
Brisio Innovations Inc.Paul AndreolaPresident, CEO and
Director(604) 644-0072www.brisio.com
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