This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

New Location-Based Mobile Phone Application Introduced By Net Element Enables College Students To Find, Sell, Barter And Trade Goods And Services

Stocks in this article: NETE

MIAMI, Sept. 27, 2011 /PRNewswire/ -- College students in several Florida schools can now sell, trade, barter and buy everything from books to bikes via their smartphones, thanks to a new mobile phone application created by students, for students and introduced by Net Element (OTCQB: NETE), a technology services provider and Internet publisher. The Yapik app, introduced this month as a pilot at Florida International University (FIU), the University of Florida (UF), and the University of Miami (UM), is slated to launch in 12 other schools in January and nationwide in July 2012.

(Logo:   http://photos.prnewswire.com/prnh/20110927/FL74145LOGO )

As the first location-based mobile commerce application catering specifically to college students, Yapik offers a new, easier way for students to find and barter goods and services within the context of the campus experience. Conceptualized by UM student Sabina Kaplan and University of South Florida (USF) graduate Cristina Dominguez, the app enables students to buy or sell products nearby, chat with other students, view content feeds, create profiles and lists of "favorite" friends.

"I got the idea to create Yapik as a college student at UM, because I knew firsthand that in college life, you have to get what you need, quickly, easily and at the right price, or you'll be left behind," said Kaplan, Yapik's founder, a current University of Miami student. "College students love their smartphones and love to banter, barter, and buy. Yapik is the perfect college app for this. Yapik is your campus connection in the palm of your hand."

Armando Ibarra, Yapik's product manager, a 2006 Massachusetts Institute of Technology ( MIT) graduate, added: "We are very excited to be launching an innovative social e-commerce platform in the multi-billion dollar college market and giving students a valuable tool to enhance their college experiences."

The social app features geo-based and augmented reality services in an easy-to-use platform that will enable users to:

  • Create accounts and have profiles that link them to their colleges
  • Post items for sale, trade or barter
  • Post information about items they're seeking
  • Engage in live chats with other students to haggle, barter or negotiate for the items
  • Have "favorites" lists of friends and buddies

Campus-optimized for unique student demographics and mobile lifestyles, Yapik will offer location-based recommendations and college-specific content feeds with live updates from the most recent posts. Students can make three posts for free, and all posts after that are charged on a monthly basis to their iTunes or Android accounts. Subscription costs will range from .99 cents for 10 posts per month to $2.99 for unlimited posts. More information about Yapik is available at www.Yapik.com.

About Net Element (OTCQB: NETE)

Net Element (OTCQB: NETE) is a global publisher of online destinations and business services on a custom technology platform for Internet and mobile distribution. This platform enables the rapid development, production and distribution of rich media content (HD & 3D), services (SaaS) and branded content in entertainment and news. NETE owns and publishes Internet properties and creates social and business communities in motorsports, music, film and entertainment. In addition to Yapik, its portfolio includes: www.Motorsport.com; www.Openfilm.com; www.Music1.com; and www.ARLive.com. For more information, visit www.NetElement.com.

SOURCE Net Element

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs