INAR:InternetArray, Inc. (PINKSHEETS: INAR) provided a review and update on year-to-date activities. The company has had a very productive start to the year, in particular with one of its investments Noobis, Inc. To recap:
* InternetArray reported healthy 2009 numbers with net income of $240,043 on $873,422 total income (full statement http://bit.ly/aMvMDU) * Noobis expanded into the lucrative mobile applications market (full story: http://bit.ly/9VSxzu) * Noobis is on track for record revenue growth expecting to grow 400% this year (full story: http://yhoo.it/bWuZ5E) * Noobis has a Parent Monitoring application for Facebook in development (full story: http://bit.ly/aYEKjk) * Noobis is just completing the first of four online treasure hunts for a grant award that uses its Amplify product (full story: http://bit.ly/as0gxe)
For the second half of this year:
* InternetArray is looking into ways to combine its PremierGoldTraders.com with an online pawn shop to increase market size and penetration. * InternetArray is analyzing the market and development for expanding BidSellBuy to re-launch as a generalized auction site including all items instead of travel focused. * Noobis is concentrating on releasing a number of applications for Facebook and mobile devices. The first of these is in closed beta and will be released in the next two weeks.
"The first half of the year has been productive and I believe telling of a very successful year," said Michael Black, CEO of InternetArray. "We like our position in the marketplace and are going to be very aggressive in the upcoming months with our various business units and creating value for our shareholders. Of these business units, we are most excited about our investment in Noobis."
About InternetArray, Inc. (www.internetarray.com)
InternetArray, Inc. provides guidance and investment for innovative, early stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.