NEW YORK, Jan. 14, 2015 (GLOBE NEWSWIRE) -- Yappn Corp. ("Yappn" or "Company") (OTCQB:YPPN) a leader in real-time language technology, today announced the release of its Q2 2014-2015 report. Throughout the quarter, Yappn continued to focus its efforts on moving from a development phase to revenue generation.
Yappn Corp. Q2 FY 2015 10Q: http://www.sec.gov/Archives/edgar/data/1511735/000121390015000265/f10q1114_yappncorp.htm
As previously announced on December 1, 2014, Yappn announced its ground breaking program with Digital Widget Factory ("DWF") to commence an extremely large build for potentially hundreds of multilingual Ecommerce sites beginning in early 2015 through 2017 with revenue generation of up to US$3,000,000 during calendar 2015. While no assurances can be provided as to the final amount of revenue that may be recognized, Yappn is already realizing revenue for the program and during the second quarter, the Company recognized $72,975 for professional development services for the DWF project and since the end of Q2, billings have accelerated as reported in the subsequent events notes to the 10Q. Management expects the program will continue to advance.
During September of 2014, as part of Q2, Yappn officially launched its global media and social sharing platform, FotoYapp, at the Mercedes Benz Fashion Week. FotoYapp allows users around the world to share images, video and social comments all in their native language together with Facebook®, Instagram®, Twitter®, Pinterest®, Flickr®, Tumblr® and Google+® creating a truly global social experience.
Additionally, Q2 saw the completed filing of an S-1 Registration Statement for the Company that became effective on November 17, 2014 with the Securities and Exchange Commission. For further information, please visit: http://www.sec.gov/Archives/edgar/data/1511735/000121390014007848/fs12014a1_yappncorp.htm
"We are very excited about the progress we've made in Q2," said David Lucatch, CEO of Yappn Corp. "The ability to communicate globally continues to be a top of mind economic issue for 2015 and beyond and we believe that Yappn has the solution to efficiently and effectively solve the multilingual issue for Ecommerce."
Yappn is a real-time multilingual company that amplifies brand messaging, helps conduct commerce and provides customer support by globalizing these experiences with its proprietary approach to language. Through its real-time multilingual amplification platform, Yappn eliminates the language barrier, allowing the free flow of communications in 67 languages. Yappn has developed cost effective, unique and proprietary technology tools and services that create dynamic solutions that enhance a brand's messaging, media, e-commerce and support platforms.
In addition to Yappn, FotoYapp (www.fotoyapp.com) provides consumers, brands and Influencers with the ability to share media content (images, video, audio, etc.) instantly across the global social sphere with all major social posts in a single environment in almost any language allowing global participants to interact with each other, regardless of their native tongue.
Yappn Corp. is publicly traded in the U.S. on the OTCQB – symbol "YPPN" and leading technology incubator; Intertainment Media Inc. (TSX-V:INT) (OTC:ITMTF) (FRA:I4T) has a controlling interest in Yappn Corp.
For more information, please visit http://www.yappn.com
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Forward Looking Information
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are "forward-looking statements." Although Yappn Corp.'s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Report on Form 8-K filed on April 3, 2013 and each subsequently filed Quarterly Report on Form 10-Q and Current Report on Form 8-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.
CONTACT: David Lucatch, Founder and CEO,Yappn Corp. email@example.comSource:Yappn Corp.