Mimvi LaunchPad Signs First Six-figure Deal

SUNNYVALE, Calif., April 2, 2013 /PRNewswire/ -- (OTCQB: MIMV), Mimvi, Inc., the premier mobile app search and discovery technology company, today announced in its first full month of operation that its 'LaunchPad' division has a robust sales pipeline, including an executed six-figure contract.

This announcement signals the viability of the new business division through the execution of Mimvi's first annual contract with a company that represents multiple big-box retailers. Mimvi's expert team has been hired to aid in the customer's mobile application strategy by providing development and ongoing app discovery services.

"This is a turning point for Mimvi," said Michael Poutre, CEO, Mimvi Inc. "It validates both the LaunchPad model, and another way for us to generate revenue. This division creates a natural sales channel for our core business around app discovery."

ABOUT LAUNCHPAD

Launching and marketing a mobile app or site can be a daunting process for companies. LaunchPad's business consultants, engineers, strategists and designers understand this challenge. No two businesses are alike. We will take you through the process step by step to ensure that no stone is left unturned and that all-too-common missteps are avoided. For more information about Mimvi LaunchPad, http://corp.mimvi.com/launchpad/

ABOUT MIMVI

Headquartered in Sunnyvale, California, Mimvi, Inc. (MIMV) is first mobile search and discovery technology provider. Its proprietary search and "intelligent" recommendation algorithms enable the search and discovery of Mobile Apps, Mobile Content and Mobile Products across multiple devices and platforms, including: Apple's iPhone and iPad, Google Android, BlackBerry, Windows Phone, Facebook and web applications.

For more information, please visit: http://www.mimvi.com.

Safe Harbor Statement:

This Media release contains statements, which may constitute "forward looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Mimvi, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward looking statements include fluctuation of operating results and the ability to compete successfully. The company undertakes no obligation to update or revise forward looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Investor Contact: 
Gerald Kieft
 
The WSR Group 
(772) 219-7525(tel.)

SOURCE Mimvi, Inc.

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