PGFY Pingify International Inc (CE)

Pingify Signs LOI With 80 Elements Entertainment

EDMONTON, AB--(Marketwired - May 07, 2014) - Pingify International Inc. is an Edmonton, Alberta-based startup in the classified space. Pingify's patented technology enables users to receive information about classified listings directly on the mobile device via "Pings". (OTCQB: PGFY)

Pingify signs letter of intent with 80 Elements Entertainment. This acquisition will provide Pingify with a solid development team and a new source of revenue.

80ELEMENTS specializes in creating dynamic driven web site platforms and applications that harness the power of today's media delivery technologies. With combined expertise in Art, UI Design, Web Development and Mobile Development, our team aims to produce the next generation of web applications over different media to emphasize the realization that the web is not just limited to the personal computer anymore.

"We see the 80 Elements acquisition as a strategic move that will lower development costs for Pingify while establishing a solid revenue stream. Boris Chow has managed to bring in high-profile clients like Warner Brothers with a small, dedicated team. By removing overhead duplications, we can increase production and margin," comments Jason Gray.

"We have the most efficient team we have ever had this year. So overhead is slightly lower," says Boris Chow, President of 80 Elements. "We are definitely on track to hit our revenue target by the end of 2014."

Here are a sample of some of the clients working with 80 Elements:

Wes Group Equipment (http://www.wesgroupequipment.com/)

Wesgroup Equipment is a leading supplier of premium compact, construction, and material handling products and services in Western Canada. Owned and operated by Wesgroup Properties (a Vancouver Based Leader in Property Development).

AM Only (http://amonly.com/)

AM Only boasts a dynamic roster of the most talented and influential DJ/producers and live acts in the music industry. With a continued focus on maintaining an independent spirit, AM Only prides itself on having close personal relationships with its artists and the promoters. As the landscape of the live music industry continues to shift, AM Only's focus and values remain constant. The company seeks to establish long-term touring careers for its artists, and this is evident in the lineage of acts who have been with the agency from day one, as well as those who have joined along the way.

Nick Cannon (http://www.nickcannon.com/)

Cited by People Magazine as one of the 'Top Ten most successful young people in Hollywood' and featured on the covers of magazine's such as Complex and Black Enterprises' 40 Under 40, Nick Cannon, 32 years old is a successful, multi-faceted entertainer: film star, comedian, TV and radio host, musician, writer, director, executive producer and philanthropist. Most recently, he has appeared as the host of America's Got Talent on NBC.

Contact: Jason Gray Jason@pingify.com 10060 Jasper Ave., Suite 2020 Edmonton, AB +1 (780) 628-6867