|By Marketwired .||
|February 18, 2014 08:15 AM EST||
ORLANDO, FL -- (Marketwired) -- 02/18/14 -- Engage Mobility, Inc. (OTCQB: ENGA), an emerging leader in mobile technology, marketing and data solutions, announced its quarterly results through the filing of its 10-Q on February 14, 2014. The Company had revenues of $326,220 in its first quarter as an operating entity. Engage launched its mobile marketing platform, the Mobile Engagement System during the quarter, and commenced the sales of the system during that time.
Jim Byrd, Engage CEO, stated: "We are obviously pleased that we have emerged from a development company and are now an operating entity. We experienced some significant initial revenue, both from domestic and international development fees, but also from recurring monthly revenues resulting from sales of our platform to businesses. This is a great first step for us as we look to roll out our system nationwide, and in China, in the coming weeks and months. Our team has worked so hard to bring this amazing technology to market, and to see the initial fruits of this labor, in the form of businesses paying for our platform, is very rewarding."
Engage has announced plans for a full roll out of its Mobile Engagement System both domestically, and in the People's Republic of China through JV partners in China.
Engage Mobility, Inc. (ENGA) is a provider of mobile marketing technologies and solutions that help businesses acquire new customers and keep existing customers engaged. Augmented reality content, mobile coupons, push notifications, geo-targeting and loyalty rewards programs are all used to build brand loyalty. The Company's pricing model enables businesses of every size to realize a superior return on their mobile marketing dollar. Gartner Group forecasts $21 billion will be spent on mobile ads by 2015. The Mobile Engagement System is a proprietary technology that delivers a value-added service to the consumer and corporate customers. The system integrates a cutting-edge augmented reality app with a proprietary cloud- based video delivery system, a mobile CRM, Dynamic Data delivery system, and access to Engages substantial database of over 40 million consumers and businesses. Engage operates from offices in Orlando and Kansas City.
Forward looking statements:
Any statements contained herein that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information, was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.