Utopya Announces the Revitalization of Two of its Subsidiaries
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Utopya Innovations Inc.
Feb 27, 2018, 09:51 ET
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TORONTO, Feb. 27, 2018 /PRNewswire/ -- The Utopya software ecosystem appears to be taking shape even earlier than anticipated, as emerging smartphone company Utopya Innovations Inc. (the "company"), a wholly-owned subsidiary of Andiamo Corporation (OTCPK: ANDI) announces today that it has secured the rights to a large inventory of over 140 mobile apps ("apps") developed by Action App Corporation ("Action App") and All Pro Apps Corporation ("All Pro Apps"), two subsidiaries of Andiamo Corp.
The Utopya management team is currently in the process of vetting the apps to determine how each app may fit into the Utopya software ecosystem. This vetting process involves evaluating each app based on the following criteria: profitability potential; technical requirements; marketability; ability to add value within the Utopya software ecosystem; ability to add value beyond the Utopya software ecosystem; and fit within the Utopya brand.
Mike Starkweather, CEO of Utopya, remarked, "We're very pleased to have access to such a large inventory of promising mobile apps, especially given the fact that many of these apps already have an exceptional track record of success. With that being said, we are committed to ensuring that any products being marketed under the Utopya brand are worthy of the name, and that is why we are undertaking a thorough analysis of each app prior to making any determinations with respect to their availability on Utopya smartphone devices. It should be noted that Utopya smartphones will still be equipped with a proprietary software ecosystem, irrespective of how the newly-acquired apps are utilized. Our team is laser-focused on bringing an amazing smartphone product to market, and now we have the option of adding to our software arsenal, if it makes sense to do so. We're right on schedule, and we're ready to make some serious waves in the smartphone market this year."
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
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