Yippy, Inc. (YIPI) Reaches Preliminary Terms on Acquisition Financing
April 03 2013 - 9:34PM
OTC Markets
Yippy, Inc. (YIPI) Reaches Preliminary
Terms on Acquisition Financing
Ft. Myers, FL, April 3, 2013
-- Yippy, Inc. (OTCQX: YIPI) (www.yippy.com)
(“Yippy” or the
“Company”), a unified search company known for educational research
and
clustering technology, reports today that the Company has concluded
discussions
and reached preliminary non-binding terms of understanding with a
group of
funding sources for the financing necessary to complete the
Company’s 2013
planned acquisitions.
The funding is
further conditional on the execution of binding term sheets, the
execution of
which the Company expects to announce next week. The Company believes it has
located and
grouped the right financing team together in order to assist Yippy
in its
acquisition growth.
About Yippy, Inc.
Based
in Fort Myers, FL, Yippy, Inc. is a technology company specializing
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 as a Service” 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 over-the-counter 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.otcqx.com.
Additional
information can be found at:
www.yippy.com
Forward-Looking Statements
The
information contained herein includes forward-looking
statements. These
statements relate to future events or
to our future financial performance, and involve known and unknown
risks,
uncertainties and other factors that may cause our actual results,
levels of
activity, performance, or achievements to be materially different
from any
future results, levels of activity, performance or achievements
expressed or
implied by these forward-looking statements.
You should not place undue
reliance on forward-looking statements since
they involve known and unknown risks,uncertainties and other
factors which are,
in some cases, beyond our control and which could, and likely will,
materially
affect actual results, levels of activity, performance or
achievements. Any
forward-looking statement reflects our
current views with respect to future events and is subject to these
and other
risks, uncertainties and assumptions relating to our operations,
results of
operations, growth strategy and liquidity.
We assume no obligation to
publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual
results could differ materially from those anticipated in these
forward-looking
statements, even if new information becomes available in the
future. Additional
information on risks and other factors that may affect the business
and
financial results of Yippy, Inc. can be found in the filings of
Yippy, Inc. on
OTC Markets OTCQX (www.otcqx.com).
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