SOURCE: InternetArray, Inc.
NEW YORK, NY--(Marketwire - Aug 16, 2012) - InternetArray, Inc., (PINKSHEETS: INAR) today announced its second quarter results. The company earned net income of approximately $115,000 on gross revenues of $219,000 for the quarter ended June 30, 2012. This represents a substantial increase from the quarter ended June 30, 2011, in which a loss of $49,104 was posted.
Second Quarter Operational Highlights.
Noobis, Inc., an InternetArray holding, released ProFacebookPages (www.profacebookpages.com), a service that allows small business owners to quickly establish a professional Facebook Page. This new service has been well received and is an avenue for new clients and revenues.
Noobis reported stronger than expected revenues and sales margins. These were the result of expansion efforts that began with the opening of the development office in Dhaka, Bangladesh and establishing new sales channels through key partnerships. Noobis also embarked upon an aggressive development plan in which several new products and a mobile app are underway and near launch.
The planned spin-off of BidSellBuy, Inc. and PremierGoldTraders, Inc. into independent public companies continues, with preparation of registration, legal and financial documents continuing. Upon completion, both subsidiaries are planned to be fully-reporting companies listed on the Over-the-Counter Bulletin Board ("OTCBB").
StockPlay.com, a unique, social-media based discussion forum for investors focused on companies trading on the OTC Markets exchanges, was launched. In the month since its release, StockPlay has continued to add new forums and users while implementation of its marketing and advertising program is in preparation.
InternetArray finalized the acquisition of the outstanding interest in SocialVoter.com, an on-line political social media community that provides discussions, chat, blogs, personal profiles, widgets, feeds and many other social network features. SocialVoter's core mission is to build a community of members actively participating in the political process.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ from the assumptions currently anticipated.