Yippy, Inc. (YIPI) Reaches Preliminary Terms On Acquisition Financing
FT. MYERS, Fla., April 4, 2013 /PRNewswire/ -- 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 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.comForward-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). Contact:
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