YIPI news..Yippy, Inc. (YIPI) Announces $2 Million in Structured Funding through the Magna Group Mar 5, 2012 4:00:00 PM
FORT MYERS, Fla., March 5, 2012 /PRNewswire/ -- Yippy, Inc. (Pinksheets: YIPI) (www.yippy.com) ("Yippy" or the "Company"), providers of the world's fastest, family friendly search engine and web portal, reported that it has secured $2 Million in funding through a structured secured (UCC-1) debt agreement with the Magna Group.
"We now have the funds we need to begin our major marketing campaigns," stated Rich Granville, CEO, Yippy, Inc. "Less than 1% of the North
American market knows that Yippy exists, but that will change beginning April 1, 2012. The funds will be used primarily for advertising in selected DMAs with heavy conservative constituents, as well as two major upcoming conferences and a geo-targeted online presence."
The Company's theme will promote the following areas.
"Yippy – The Five Star Search Engine"
•Family Friendly - Complete internet portal providing full-time "Safe Search" mode •100% Private - Research without your every move being monitored and tracked •Spam Free - Where answers and knowledge are the only results you receive •Less Duplicates - Adding value with unique results reducing duplicates significantly •Top Resources - Free "full text" access to 6,500 subscription based periodicals "Magna is very pleased to be associated with such a promising venture," said Ari Sason, Managing Director of Structured Investments. "The growth potential of this Company is significant and should the Company continue to meet all the requirements in our agreement Magna will be the primary funding source going forward mandated by a first right of refusal executed by the Company for a term of one year."
The Company's full information report with current financials is available at the link provided below:
Based in Fort Myers, Florida, Yippy, Inc. (www.yippy.com) is a new economy technology company that develops technologies and application services environments for both consumer and commercial market segments.
Forward-Looking Statements:
Statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Yippy, Inc. can be found in the filings of Yippy, Inc. on OTC Markets (www.otcmarkets.com).
News 
Market Data 
Discover 
