ALBUQUERQUE, N.M., June 26, 2013 /PRNewswire/ -- Yippy, Inc.
(OTCQX: YIPI) (www.yippy.com) ("Yippy" or the "Company"), a unified
search company known for its search clustering technology and
eDiscovery tools, announced today that the Company has agreed to
acquire Gigablast, Inc. ("Gigablast") and Web Research Properties,
LLC ("WRP") through a letter of intent with binding provisions.
Matt Wells, Gigablast's Chief
Executive Officer, commented on the proposed acquisition, saying,
"Gigablast and its related properties can provide advanced
technologies for consumer, eDiscovery, and enterprise big data
customers. Gigabits, a related program, is the first
operational enterprise class clustering program which I put into
service in 2004. Yippy's Velocity platform was essentially
based off of my original work which will allow Yippy to sell behind
the firewall installations for all types of search based
applications for enterprise and eDiscovery customers."
"This is the most important acquisition of technologies for our
young company," stated Rich
Granville, Yippy's Chief Executive Officer. He
continued, "Yippy will be a significant presence in the business of
search based applications with the combination of Velocity and
Gigabits. One can possibly understand the potential for this
proposed merger by conducting a consumer search on demo.yippy.com
to find that Yippy and Gigablast have already begun to combine
indexes which consist of billions of pages of data. Once we
fully integrate the technology assets of Gigablast, WRP and
MuseGlobal with Yippy, our sales processes can commence and we will
be able to under-price the competition by what we believe to be
significant margins."
About Yippy, Inc.
Based in Fort Myers, Florida,
Yippy, Inc. is a technology company that specializes in the
development of search, data normalization, and aggregation through
application service environments for consumer and enterprise
markets. Yippy's proprietary web-based product suites are deployed
over cloud architecture and provide secure, redundant and
maintained data services for businesses and education markets. The
Company also operates several online web properties and educational
reference portals. Yippy (YIPI) has been approved to trade on the
OTCQX U.S., the intelligent marketplace for the best OTC companies
with the highest financial standards and superior information
availability. Investors can find current financial disclosure and
Real Time Level 2 quotes for the Company on www.otcmarkets.com
About Gigablast, Inc.
Based in Albuquerque, NM,
Gigablast, Inc., has been providing consumer and enterprise search
solutions since 2000. Gigablast was founded by Mr.
Matt Wells who received a BS in
Computer Science and an MS in Mathematics from New Mexico
Tech. The company operates out of a 13,000sft facility and
manages hundreds of servers and billions of documents for both
consumer and enterprise customers. For more
information: www.gigablast.com
More information can be found at: www.Yippy.com
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financial results of Yippy, Inc. can be found in the filings of
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SOURCE Yippy, Inc.; Gigablast, Inc.