SOURCE: Andiamo Corporation
ST. PETERSBURG, FL--(Marketwire - Sep 18, 2012) - Andiamo Corporation (PINKSHEETS: ANDI) announced that is has completed an acquisition of a website blog titled Trust This App. This site was started in 2008 and is based around business, computer, software, and smartphone interests with a large daily following of readers as well as a large inventory of advertisers. www.trustthisapp.com
"While this is not a huge acquisition, we saw this as an opportunity to promote our own Apps through a blog type atmosphere by featuring a different App from either our Apple or Android inventory each week. Rather than paying for App promotion, we can now take advantage of our own resource while making money from advertisers at the same time. This blog subscribes to a network of blog writers, so we are not responsible, nor do we have to invest the time or money for the blog articles. No shares were issued or used for this acquisition and it was paid for with cash on hand as well as the seller carrying a small note at zero percent interest that is non-convertible which will be paid off from the cash flow of the website within about 6 months. The annual revenue from this blog will add about $40,000 a year to our income from the existing advertising network.
"With recent reports showing that each App user has a measurable lifetime value for overall company valuation, we want to continue to add as many users as possible to our already large user base of over 17 million downloads. Each time an Action App is downloaded, that user is constantly reminded and marketed to download other Action Apps thereby creating our own in-network marketing opportunity and we want to take advantage of every logical opportunity to add downloads and users especially when they pay for themselves," said CEO Secor.
About Andiamo Corporation:
ActionApp is currently expanding their popular and profitable inventory of apps in rapid fashion across Apple and Android having reached a short term goal of 500 apps in their portfolio, with 1000 Apps set for a longer term goal. Action Apps has exceeded 17 million downloads.
Safe Harbor Statement at www.action-app.com/statement/