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|Market Value ||$22,549,800 ||a/o Mar 22, 2012 |
|Shares Outstanding ||38,220,000 ||a/o Jan 05, 2012 |
|Float ||Not Available |
|Authorized Shares ||250,000,000 ||a/o Dec 31, 2009 |
May 30, 2012
For Immediate Release
Marine Drive Mobile Corp. (MDMC)
Marine Drive Mobile Updates on its Evolving Technology and Business Development Progress
San Francisco, CA -Marine Drive Mobile Corp. (OTCBB: MDMC) ("Marine Drive Mobile" or the "Company") is pleased to update shareholders on the corporate milestones that have been attained, the technology improvements that have been and will be implemented and the Company's on going business and growth strategies.
As the Company previously announced it has a JV with TapIn solutions and the Company has been engaged and developing TapIn's initial customer base into our system. At the same time, the Company has been re-calibrating its technology for the enterprise level, switching the entire platform to the .net framework. The Company is anticipating by the first half of June to have the first initial soft launch of the TapIn integration completed and the .net conversion finalized.
In the next six months the company is working on providing additional tools to the merchants to expand their reach to a whole new marketplace. Soon merchants will be able to offer SMS/MMS text and multimedia offers and deals to the public. Along this same timeline the Company is also anticipating that it will have an API (application programing interface) platform established to work congruently with existing email marketing platforms like Constant Contact. This will allow merchants and advertisers alike to keep their existing email clients and utilize the Company's tools to seamlessly offer deals and coupons to their customers.
The Company will be implementing various marketing strategies as well to help shape and grow its online asset to become a leader in offering deals to golf enthusiasts. Golf merchants and now distributors utilizing the eteeoff.com platform, have the ability to offer national campaigns in which local and rural entities never had. This introduces a whole new customer base to each merchant and continues to build eteeoff's standing in the golf arena. The Company has also started to receive positive feedback from the public, and recently discovered an independent article written by DailyDealMedia.com.
Colin MacDonald, CEO and President of Marine Drive Mobile stated,"I am very excited with our current progress and encouraged with the positive reactions that we are receiving from the industry and public. Our team has gone above and beyond my expectations and as a result our company is strategically moving forward in a pace that is not recognized in todays marketplace." Colin continued, "We are continually evolving our technology and constantly finding ways for making the online coupon space and our loyalty program even better for all merchants concerned. Our technology has a wide reach and we are anticipating a very favorable result from our efforts with our latest joint venture. Our sights have never been higher as we expand our company and do our utmost to deliver shareholder value."
Marine Drive Mobile Corp. (MDMC) is the brainchild of Colin MacDonald, our president and founder, and grew out of his vision to create a service that would become a disruptive force in the online coupon space.
Our mission is to transform the online coupon space by giving businesses a totally free online advertising platform that makes creating and promoting daily deals as simple as sending an email.
eTeeoff, our flagship product, was successfully launched to introduce golf industry businesses to a zero-cost advertising platform, enabling them to create their own daily deals with the ease of sending an email.
Marine Drive Mobile's revenue model is built on transactions, not percentages of sales. Since we charge consumers a small transaction fee for each deal, the merchant pays NOTHING. Using this system, the merchant is able to collect and keep ALL the money from the purchase when the coupon is redeemed.
The beauty of this model is that it inherently fosters a win-win situation. Consumers are able to secure excellent deals with little cost passed onto the merchants (since they collect the FULL face value of the sale and not a share of revenue). This in turn enables merchants to offer bigger and better deals without sacrificing their profits.
For these reasons, and due to the transactional-based model our technology is built on, we're confident we can take this growing industry in a thoroughly new and exciting direction.