LifeApps Digital Media Inc. Provides Recent Corporate Update and Outlook for Remainder of 2012
October 15 2012 - 8:31AM
Marketwired
LifeApps Digital Media Inc. (the "Company") (OTCBB: LFAP) (OTCQB:
LFAP), an emerging growth company and designer of apps and
next-generation social networks for sports, health, fitness and
entertainment enthusiasts, today announced a recent corporate
update and outlook for the remainder of 2012 and early 2013.
Recent Corporate Milestones:
- LifeApps, a Nevada corporation, achieved public company status
through a reverse merger with the Company, formerly "Prime Time
Travel, Inc.," a Delaware corporation, on September 20, 2012. In
conjunction with the merger, the Company underwent a 15:1 forward
stock split and corporate name change to LifeApps Digital Media
Inc. to reflect its new business. The Company's common stock is now
traded under the ticker "LFAP" on the OTCBB and OTCQB, with CUSIP
number 53190A106.
- Contemporaneously with the reverse merger, the Company
successfully raised $1.2 million through a private offering of
6,000,000 units, with each unit consisting of one share of the
Company's common stock and a five-year warrant to purchase one
common share at an exercise price of $1.00.
- LifeApps' historical products have achieved significant
success, including MDWorkout.com, recognized as a Top 5 app in the
Health and Fitness genre of the Apple iTunes store in December
2011, and YogaWorkout.com, a popular app featuring numerous yoga
exercises. During the 2011 year-end holiday season, these two apps
achieved 35,000 downloads and 60,000 downloads, respectively,
within a few days following special promotional periods, a
significant number of downloads for such a short timeframe.
Strategic Initiatives in 2012 and Early
2013:
- Freshly capitalized, LifeApps is deploying a series of
strategic initiatives and new product offerings to enhance its apps
and digital magazine across numerous mobile and tablet devices.
These products include:
- 1) YouWorkout: YouWorkout is a quarterly
digital magazine designed specifically for iPad Newsstand, Kindle
Fire and Android tablet devices. First launched during the 2012
Summer Olympics, a revamped version of application and Issue #2 of
the digital magazine are scheduled to be released by early November
2012.
- 2) MDWorkout.com: MDWorkout.com is an
iPhone app that features over 70 exercises written and demonstrated
by medical doctors (MDs), certified personal trainers and yoga
instructors. MDWorkout.com is being completely revamped from the
ground up to take advantage of the latest graphical and social
media tools of iOS 6 and the expanded screen size of the new iPhone
5. The revamped version of MDWorkout.com is expected to launch in
late 2012.
- 3) SoccerWorkout: SoccerWorkout will be
launched as a new full-featured subscription service featuring US
Women's National Team two-time gold medalist Rachel Buehler,
offering her latest soccer drills and techniques. This paid
subscription app will guide users through a comprehensive skills
and drills program using a media rich training environment that
will take them from the basics to advanced techniques in soccer.
SoccerWorkout is expected to be launched in early 2013.
"As LifeApps enters its next stage of growth, we are extremely
pleased to announce our new public company status and our
successful raise of $1.2 million," said Robert Gayman, CEO of
LifeApps Digital Media Inc. "With this fresh infusion of capital we
look forward to deploying a series of strategic initiatives to
enhance our digital media offerings across numerous platforms,
including the iPad, iPhone, Kindle Fire and Android devices."
Mr. Gayman continued, "Over the next several months we will be
announcing various enhanced and revamped product offerings, as well
as completely new product launches. As a public company, we will be
increasing our communication with our new shareholders and the
investment community at large and we look forward to continuing our
string of positive news and business updates as we move into the
remainder of 2012 and beyond."
About LifeApps Digital Media Inc.
LifeApps Digital Media Inc. (OTCBB: LFAP) (OTCQB: LFAP), an
emerging growth company, is a designer of sports, health, fitness
and entertainment publications and next-generation social networks.
As part of its various product launches, the company is becoming a
leading authorized developer, publisher and licensee on Apple iOS
-- iPhone, iPod touch, and iPad devices. Through LifeApps'
multi-sport and fitness offerings, including its latest digital
magazine app, YouWorkout, subscribers benefit from the expertise of
top-tier sports physicians, performance fitness trainers and
professional athletes.
For more information about LifeApps and its latest digital media
offerings, please visit: www.youworkout.com.
Forward-Looking Statements
This release contains "forward-looking statements" as that term
is used under the federal securities laws. Such statements may be
identified by the use of words such as "anticipate," "believe,"
"expect," "future," "may," "will," "would," "should," "plan,"
"projected," "intend," and similar expressions. These
forward-looking statements are subject to various risks and
uncertainties that could cause LifeApps' actual results to differ
materially from those currently anticipated, including risks and
uncertainties relating to the Company's business, product
development, marketing and distribution plans and strategies. These
and other factors are identified and described in more detail in
the Company's filings with the Securities and Exchange Commission
(the "SEC") including the Company's current report on Form 8-K
relating to the reverse merger filed with the SEC on September 25,
2012. The Company does not undertake to update these
forward-looking statements.
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858.952.5715
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