NEW YORK, May 29, 2012 /PRNewswire/ -- Grandparents.com, Inc. (OTCBB: GPCM), the Ultimate Resource for Grandparents ™, announced today that, in connection with the expected re-launch of its website, Grandparents.com will also be launching a social media App targeted at America's 70 million grandparents. Grandparents.com has entered into development agreements with two, New York technology firms: Ashe Avenue, a website development company, and theConspiracy, an App development firm. The newly designed Grandparents.com website and new App will focus on the active lifestyles of today's grandparents. The App will first be developed for the iPhone ® and iPad ®, and will be integrated into the website at a later date. The re-launch of the Grandparents.com website and release of the App is expected on Grandparents Day, September 9, 2012. The Company has no plans to take the website or App to international markets at this time. The PhotoVideogram™ App will include photo sharing features similar to Facebook ® and Instagram ®, as well as video sharing and interactive user communications . Users will be able to upload photos and videos and invite friends and family to share, with the ability to Comment or Like. The website and the App will also feature a novel social enhancement initiative created by Grandparents.com -- "Grand Inspirations ™," where users will be able to view videos of celebrities recalling inspirations from their grandparents. Users will be able to provide their own inspirations to family members and the public. The feature will also allow users to post and share their photos and videos. About Ashe Avenue Ashe Avenue ( www.asheavenue.com) is a performance-driven web development and design group headquartered in Brooklyn, N.Y., with offices in Chapel Hill, N.C. The company partners with media companies, advertising agencies, event driven organizations and global brands to transform creative concepts into powerful web-based experiences. About theConspiracy theConspiracy ( www.theconspiracynyc.com), based in Silicon Alley, has been involved in iOS development since the release of the first iPhone and is partnering with Grandparents.com to create a social media application designed to broaden user engagement and help increase the Grandparents.com user base. About Grandparents.com At Grandparents.com ( www.grandparents.com), our goal is to connect and inspire today's families. As the Ultimate Resource for Grandparents ™, we seek to strengthen the ties between family members by promoting wellbeing for young and old, and by providing smart information and expert advice on what really matters to our members, from health and money to travel and retirement. Our stories and videos celebrate the role of grandparents, and encourage them to tell their own stories, passing on a meaningful legacy to their children and grandchildren. As we approach the official Grandparent's Day launch of our new website and App, we will be unveiling new, enriching experiences for our users. Forward-Looking Statements Various statements in this release, including those that express a belief, expectation or intention, may be considered "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects, including, without limitation, the relaunch of our website, the release of our App, PhotoVideogram ™, and Grand Inspirations ™. Forward-looking statements may also include projections and estimates concerning our future operating results and financial condition. When we use the words "will," "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.