Blast Applications, Inc. Reports Improved Financials for Fourth Quarter and Fiscal Year 2013
March 25 2014 - 10:00AM
Marketwired
Blast Applications, Inc. Reports Improved Financials for Fourth
Quarter and Fiscal Year 2013
PLAINVIEW, NY--(Marketwired - Mar 25, 2014) - Blast
Applications, Inc. (PINKSHEETS: BLAP) today reported financial
results for the fourth quarter and fiscal year ended December 31,
2013.
Highlights for the fiscal year 2013 include a 35 percent
increase in gross revenue, 57 percent reduction in its current
liabilities and 63 percent lower operating cost from Blast
Applications' corporate overhead.
The increase in revenues during fiscal year 2013 is a result of
Blast Applications showing the ability to successfully improve
sales across all areas that the company has diversified in the last
12 months. The complete financials are available at
http://www.otcmarkets.com/.
"Our improved 2013 financial performance is reflective of the
progress Blast Applications is making towards its strategic
relationships and partnerships to grow revenue and create even more
organic growth, our focus is expanding sales within existing and
new revenue opportunities."
Stated Dino Luzzi, CEO of Blast Applications, Inc., who will
continue to have a leading role in driving growth in 2014.
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About Blast Applications, Inc Blast Applications, Inc. is
a marketer and developer of applications for Android, iPhone®,
Twitter® Facebook® and Nokia with unique opportunity to monetize
the web surfer's dedication to social media sites through direct
advertising programs tied to the Company's tools, applications and
websites. www.blastapplications.com.
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. 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.
Contact Blast Applications, Inc.
investor@blastapplications.com