Suff Holdings Signs LOI to Acquire Controlling Interest in Mobile Smartphone and Tablet App Builder / Developer
April 23 2012 - 9:36AM
Marketwired
Suff Holdings,
FKA Suffer,
(PINKSHEETS: SUFF) today announced that the company has signed a
Letter of Intent with Apps4less, a Mobile Smartphone and Tablet App
Builder/ Developer.
The App industry is growing very rapidly. In a very short time
span the Mobile/Smartphone Tablet App industry has grown to be a
multi-billion dollar force to be reckon with. Some interesting
statistics can be found at
http://www.digby.com/mobile-industry-resources/mobile-industry-statistics/
The need for businesses to have an App is increasing. At the
start of the Internet's popularity, some businesses were reluctant
to launch a website. In today's world they are virtually expected.
We feel that Mobile Apps are going to be the next necessity, fact
is they already are. The problem most businesses face when thinking
about building an App for themselves is that they can be very
costly, and it can actually be hard to find a developer in some
cases.
Suff Holdings plans to work with Apps4less to develop a model
whereas we will drastically lower the cost of an App, and sell on a
mass quantity. Apps4less is on track to possibly
break 1-2 million in sales for 2012. Some of the developers on
the Apps4less team have worked with companies such as Zappos.com
and Amazon.com. We project that with adding a
strong marketing campaign to their product, sales could easily
triple. We are working on a model and will release information
about it shortly.
Several businesses have had massive success recently and the
stats are limitless and speak for themselves. Domino's Pizza
recently released an App and saw sales increase over 10% in some
cases. 66% of shoppers use Apps to compare prices. Big chain stores
such as Best Buy are trying to figure out how to compete for the
Smartphone customer. Smartphone and Tablet users are expected to
become the largest shopper during the holidays.
Some Terms of the LOI are as follows:
Suff holdings to receive 51% ownership.
Profits and Costs to be split evenly by both parties.
Suff Holdings to provide a marketing strategy.
Full Execution of LOI at the time of official completion of
corporate name change.
Partnership starts May 1st, 2012.
About Suff Holdings SUFF HOLDINGS is a
publicly traded Company with holdings ranging from Energy and
Technology to Media and Apparel. Originally started as an Apparel
Company "Suffer Apparel" www.sufferapparel.com we provided cutting
edge clothing to the fanbase of the worlds fastest growing sport,
Mixed Martial Arts - MMA. Several opportunities presented
themselves and it made more sense to reorganize into a holdings
company with several subsidiaries.
Safe Harbor Statement: This release
includes forward-looking statements intended to qualify for the
safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally can be identified by phrases such as SUFFER (SUFF) or its
management "believes," "expects," "anticipates," "foresees,"
"forecasts," "estimates" or other words or phrases of similar
import. Similarly, statements herein that describe the Company's
business strategy, outlook, objectives, plans, intentions or goals
also are forward-looking statements. All such forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those in
forward-looking statements.
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