Yappn Completes Early Repayment of Asher Note in Full
March 27 2014 - 5:30PM
Marketwired
Yappn Completes Early Repayment of Asher Note in Full
NEW YORK, NEW YORK--(Marketwired - Mar 27, 2014) - Yappn Corp.
(OTCQB:YPPN) ("Yappn or "Company") (www.yappn.com) is pleased to
announce that the Company has repaid the Convertible Promissory
Note owed to Asher Enterprises Inc. due on July 2, 2014 early and
in full. As a result the note is no longer outstanding and cannot
be converted into shares of common stock and the Schedule 13G filed
by Asher on February 7, 2014 has been nullified.
Yappn's Founder and CEO, David Lucatch, stated, "Yappn is
focused on creating shareholder value. With that in mind, we
continue to work to manage our finances and have chosen to repay
our debt to Asher in cash rather than allow for the conversion of
outstanding Asher debt into deeply discounted shares of our common
stock." Mr. Lucatch added, "It is the Company's intention, where
possible, to repay our remaining Asher obligation in the same
manner, in cash and not discounted shares."
Learn more at www.yappn.com.
Like the Yappn Facebook page and follow Yappn on Twitter:
@YappnCorp.
About Yappn Corp.
- http://corporate.yappn.com/
Yappn provides people and brands the power to be social, conduct
commerce and communicate freely without a language barrier.
Creating successful digital programs in today's changing global
environment requires the ability to communicate in your customer's
language. Today, over 66 Million people in the US don't speak at
home and over 67% of worldwide online users surf in a language
other than English.
Yappn Chat (chat.yappn.com) allows people to meet, chat, engage
and consumer content based on their interests and not just where
they live, their friends or the language that they speak.
Yappn has developed cost effective unique and proprietary
technology tools (tools.yappn.com) and services that create dynamic
solution that enhance a client's social and media platforms. Yappn
also provides complementary programming for Twitter, Facebook,
YouTube, Instagram, Flickr, Pinterest and Tumblr.
While this sounds simple, creating a unique and dynamic social
environment that transcends devices, platforms and languages takes
a lot of experience and finesse. Yappn creates amplification for
media messaging while increasing a brand's global footprint all in
real-time without the interference of cross language issues.
Our clients constantly think up unique ways to use Yappn that
extends their growing social audience, while increasing brand
engagement with today's multi-lingual audience. We look forward to
the growing need to support global amplification and provide our
clients with the best services in the industry.
Intertainment Media Inc.
(TSX-VENTURE:INT)(OTCQX:ITMTF)(FRANKFURT:I4T) has a controlling
interest in Yappn Corp.
Yappn Corp. is publicly in the US on the OTCQB - symbol
"YPPN"
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.
Yappn Corp.David LucatchFounder and
CEOinfo@yappn.comwww.yappn.com
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