User Friendly Media Announced Investment in Mobile Advertising Business, Voodoovox Inc.

The Woodlands, TX, February 18, 2014 – User Friendly Media, a leading provider of media and marketing solutions for local and small businesses, has completed a private placement financing with VoodooVox Inc. pursuant to which it purchased 67,500,000 common shares and a secured debenture. As a result, User Friendly Media now owns approximately 40% of the issued and outstanding common shares of VoodooVox.

The investment in VoodooVox rounds out a mobile marketing product suite for User Friendly Media that includes a mobile app platform for small business, App Express and a digital loyalty rewards platform, Huzzah.

“The investment in VoodooVox technology enables us to provide platform services for ad serving, extensive analytics, call tracking and hyper-local targeting for our core audience of small business as well as big brands,” said Bruce Howard, CEO of User Friendly Media.

In connection with the terms of the investment, VoodooVox has increased the size of its board of directors from four to five directors. User Friendly Media’s CEO Bruce Howard and CFO David Lambert have been appointed to serve as directors on the VoodooVox board.

About User Friendly Media User Friendly Media boasts a portfolio of print, digital and mobile marketing solutions for small business. The company’s product suite includes 36 print directories, App Express, a mobile app builder, Huzzah, a cutting-edge digital customer loyalty platform and GoLocal247.com, one of the fastest growing local business directory websites in the country. It’s a portfolio company of media industry merchant bank Veronis Suhler Stevenson.

About VoodooVox Inc. VoodooVox is a leader in performance based mobile advertising processing billions of transactions for a marquee list of global clients, agencies, advertisers and publishers. Our full service mobile ad network and campaign management platform drives precision-targeted local and national ad campaigns for brand promotion, brand engagement and lead-generation. Additionally, VoodooVox provides platform services for ad serving, analytics, call tracking, and hyper local campaign targeting to a growing list of mobile ecosystem partners.

Press Contact:
Greg Garrick
User Friendly Media
The Woodlands, TX
+1 716-698-0666
http://www.userfriendlymedia.com

User Friendly Media User Friendly Media boasts a portfolio of print, digital and mobile marketing solutions for small business. The company’s product suite includes 36 print directories, App Express, a mobile app builder, Huzzah, a cutting-edge digital customer loyalty platform and GoLocal247.com, one of the fastest growing local business directory websites in the country. It’s a portfolio company of media industry merchant bank Veronis Suhler Stevenson.

Solar Technology, Inc. Celebrates their 25th Anniversary as Traffic Safety

Solar Technology, Inc. Celebrates their 25th Anniversary as Traffic Safety
He developed arrow boards powered by solar panels that required no fuel, little maintenance, and were quiet and clean. Today, recognized as innovators in the industry, Solar Tech holds patents on much of the changeable message board technology, and is …
Read more on ForConstructionPros.com

Vacuum at Communications Authority as seven board members sent packing
I am just a messenger conveying the message of the Minister and the Attorney General Prof Githu Muigai that the board stands dissolved,” Mr Gituku said. The documents said in part: “The Ministry has received advice from the AG to withdraw Notice of …
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DarbeeVision Inc. and Shenzhen Geniatech Inc. Ltd. Announce Partnership

Las Vegas, Navada (PRWEB) April 09, 2015

DarbeeVision, the leading developer of acclaimed image processing technologies and products, has selected Shenzhen based Geniatech as their Partner for Product Design and Manufacture. Geniatech is the leading OEM/ODM that specializes in open Android-based hardware and software platforms, for IPTV/OTT Android boxes with embedded digital TV tuners, video capturing devices, and video converter devices.

The new partnership will leverage Geniatech’s extensive capability in the manufacturing and design of Android TV Platform Solution and video processing modules. “We were looking for an ODM/CM partner with strength in video circuit design, and particularly a company with leadership level proficiency in software/hardware design for the explosively growing STB and dongle markets,” said President Larry Pace, DarbeeVision, “Geniatech has deep expertise in these areas, meaning that DARBEE-enabled HD and 4K/UHD solutions can keep pace with the video hungry marketplace.”

Geniatech will showcase DARBEE Visual Presence-enhanced OTT Android boxes in their booth #10814 South Hall Upper, at NAB 2015, in Las Vegas, Nevada, USA. The presentation will further prove that while pixel count, color depth and screen brightness are required for creating excellent image quality, DARBEE Visual Presence creates the unique and ultimate level of digital image realism for compressed video content like IPTV, OTT and Blu-ray.

“The Geniatech Android-based set-top box is designed to help TV operators/broadcasters deliver an amazing user experience that includes media-rich video content,” said CEO Mr. Fang, Geniatech. “Taking into account the unpredictable nature of live IPTV/OTT video consumption up to 4K UHD, we saw the significant value in implementing DARBEE Visual Presence enhancement in our devices. The result is a guaranteed higher quality of service for our OEM / ODM customers at all times and the possibility to deliver Live TV, VOD, IPTT and OTT content with an always excellent viewing experience for the end user, providing game changing video excellence and a value add on.” The new media player and video solutions developed by DarbeeVision and Geniatech will represent a new generation of video processing and Android TV Platform products for consumer, gaming, digital signage, security/surveillance, and VR/AR markets.

DarbeeVision and Geniatech will demonstrate the complete solution at the 2015 NAB Show, booth SU10814.

Media and Demonstrations, please contact:

Geniatech – Mike Decker, VP Sales & Marketing, mike(dot)decker(at)geniatech(dot)com

DarbeeVision – Aaron Spann, Marketing Manager, aaron(at)darbeevision(dot)com

DarbeeVision, Inc. is headquartered in Orange, California. DarbeeVision has developed proprietary technologies that bring revolutionary levels of depth and realism to digital images. By integrating Visual Presence into existing digital image media devices, pictures can be made better than what even the most perfect cameras and displays can achieve — much better in fact, by using computation to process an image in the same way the brain does, actually helping the eyes see images the way the brain expects them to look. DarbeeVision technology is available to OEMs as IP for licensing.

For information, call 714-787-1006, email info(at)darbeevision(dot)com or visit DarbeeVision.com. All DarbeeVision patents, trademarks, copyrights, and licensing are the property of DarbeeVision, Inc.

Geniatech Inc., Ltd has become one of the leading OEM/ODM manufacturers specializing in open Android-based hardware and software platforms for OTT Android boxes with embedded digital TV tuners, video capturing devices and video converter devices. We also have a wide range of product lines for your potential customers, such as content providers, service providers and telco operators. Our main focus is on Android-based smart devices, including hardware and software which allows us to adapt swiftly to make changes in the OTT and Hybrid Android boxes to match the specified needs for our customers.

Telephone: + 86 755 86028588

sales(at)geniatech(dot)com

Address: 18th F GDC Building, No.9 Gaoxin Central Avenue 3rd, Nanshan District Shenzhen, P.R. China







AdBoom Group, Inc. Looks To Monetize Average Joe’s Social Content With Hashtag Ads





AdBoom Group, Inc. has launched a new platform Hashtag Ads, currently in beta, where advertisers and social influencers can join forces to enhance an advertisers’ presence on the web. The platform provides an opportunity for anyone to embrace their power of social influence and utilize that potential to boost a company’s campaign — all while making some money.

Hashtag Ads offers a sign-up option for social influencers who have a substantial presence via social media, and advertisers who desire to strengthen their company’s social media presence by driving high-quality traffic to their business or brand. Hashtag Ads provides an easy-to-use platform for social influencers to connect with an advertiser’s campaign, depending on the social influencer’s niche and area of interest.

Essentially, an advertiser creates a campaign focusing on a specific call-to-action, whether it be driving traffic to their website or obtaining email sign-ups. The campaign is then circulated to relevant influencers, reassuring advertisers that their campaign will be promoted to the right social audience. Once matched, an influencer will promote an advertiser’s campaign while Hashtag Ads offers real-time metrics! The advertiser is able to measure the increase of their revenue and social media presence while the campaign is running.

Unlike other social media advertising platforms, Hashtag Ads guarantees that an advertiser’s campaign will achieve its goal. If an influencer’s traffic is not meeting the advertiser’s desired ROI (return on investment), the advertiser has an opportunity to optimize the campaign by allocating their budget to only top performing influencers while removing it from influencers where the campaign wasn’t a fit.

Designed with efficiency in mind, Hashtag Ads’ innovative platform allows businesses to enhance their social presence by pairing them with ordinary social influencers, who can then monetize their presence. Additionally, businesses can feel secure in promoting their campaigns with social influencers as Hashtag Ads guarantees quality influencers and promotion through their software. Hashtag Ads beta platform is compatible with Facebook and Twitter, and additional platforms are in the works.

About AdBoom Group, Inc.:

AdBoom Group, Inc. is a San Diego-based technology company focused on innovation in advertising and technology solutions for driving customer acquisition. With its wide network of social and native advertising channels, AdBoom Group, Inc. has the ability to reach millions of people. From digital advertising, such as Hashtag Ads, to software suites, growing businesses has become the core focus and engine of the company’s success.

For more information, visit: http://www.hashtagads.com

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Rising Demand for Eco-Friendly Inks Drives the Global Printing Inks Market, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) November 18, 2014

Follow us on LinkedIn – Lithographic Inks including, flexographic, gravure, digital, and others, it is a cyclical industry with motifs of Demand depends on macro climate and GDP growth. High commodity prices have witnessed in the recent past triggered by supply shortage. In addition, higher costs and strict environmental mandates are some of the other supply bottlenecks currently faced by the market. On the demand side, lower demand from the publishing industry is mitigated by a stable and growing demand for the packaging industry. Revival of economic growth, the growing adoption of environmentally friendly inks and the growing demand for digital inks are ready to support the demand for printing inks in the coming years.


The increasing focus on R & amp; amp; D, amid intensifying competition and environmental concerns, is about to get market Printing Inks. development efforts will increasingly focus on engineering products with a smaller footprint, higher energy efficiency and improved resistance to chemicals such as solvents and cleaning agents. New advances in digital technology are required to provide enormous business opportunities for suppliers of ink jet ink in the areas of packaging, textile and commercial printing. Environmental benefits, on the other hand, driving demand for UV inks. Advances in UV inks led to improved product features such as increased opacity, improved print quality, compatibility with high speed printing and environmentally, causing their request. UV curable ink, an offshoot of the curable ink technology hybrid power, made a breakthrough on the market in the United States, Western Europe, Japan and parts of Asia Pacific.


As stated by the new market research report printing inks, the United States is the world’s largest market. Asia Pacific is expected to emerge as the most dynamic market with sales volume is expected to grow at a CAGR of 6.6% over the analysis period. lithographic inks “nofollow” represents the largest product market, while digital inks is forecast to be the strongest growth driven by improvements in technology printing, with the growing popularity of outdoor advertising and widespread use of inkjet printing.


Key market players include Dainichiseika Color & amp; amp; . Chemicals Mfg Co., Ltd., DIC Corporation, Sun Chemical Corp., Flint Group, hubergroup, Sakata Inx Corporation, INX USA, Siegwerk Druckfarben AG & amp; amp; Co. KGaA, and Tokyo Printing Ink Mfg. Co. Ltd., and others.


The research report titled “Printing Inks: Strategic Global Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, innovations and product launches, strategic activities of the industry, and profiles of major companies worldwide. The report provides market estimates and projections in US $ Thousand tonnes and for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (Australia, China, India and the rest of Asia-Pacific), Middle -orient and Latin America (Brazil and the rest of Latin America). The major product segments analyzed in the report include lithographic flexographic inks, inks, gravure inks, digital inks and other inks.


For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Printing_Inks_Market_Report.asp

About Global Industry Analysts, Inc.

The Global Industry Analysts, Inc., (GIA) is a leading provider of research on off-the-shelf market. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1500 large-scale research reports and analyzes 40,000+ market trends and technology while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today as one of the leading and reputed market research firms in the world.


Global Industry Analysts, Inc.

Phone: 408-528-9966

Fax: 408-528-9977

Email: press (at) StrategyR (dot) com

Website: http: //www.StrategyR.com/

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Former AtHoc Department of Defense Mass Notification Expert Joshua Shipman Appointed to Desktop Alert Inc. Advisory Board

Chatham, New Jersey (PRWEB) November 11, 2014

Today Desktop Alert Inc., the ‘less than one minute alerting platform’ used by the U.S. Military and numerous healthcare and corporate organizations worldwide, announced that the company has appointed Joshua Shipman to the company’s advisory board.

Prior to his employment at AtHoc, Mr. Shipman served in the United States Air Force as a Systems Architect at U.S.NORTHCOM and NORAD Theater Communications Coordination Center (TCCC) , NATO HQ AF SOUTH in Naples Italy, multiple Air Force locations, and subsequently deployed enterprise ip-based mass notification systems at AETC, ACC, AMC, PACAF, Patrick AFB, Eielson, Elmendorf, Joint Base San Antonio as an employee of AtHoc.com. While employed at AtHoc Mr. Shipman oversaw enterprise deployments and ongoing operations for all AtHoc USAF MNS systems. Mr. Shipman also managed MNS deployments at Army Corps of Engineers, TRANSCOM, and numerous other deployments.

“Desktop Alert is pleased with the addition of Mr. Shipman to our advisory board. His wealth of experience and knowledge insures that Desktop Alert will not only remain competitive in the federal sector and beyond but also bolster our companies overall value proposition to all markets,” said Howard Ryan, CEO and Founder Desktop Alert Inc.

“I am honored by the appointment to the Desktop Alert advisory board,” said Mr. Shipman.

“After careful evaluation it was clear to me that Desktop Alert brings a simplistic approach to offering a state-of-the-art notification capability at an affordable cost. When notifying users seconds count. What is most critical is reliability, ease of use, and delivery time. In a DoD environment the system must also be able to operate in unique, secure, network environments and not be easily susceptible to failure when changes occur within those environments. Desktop Alert’s solution to Mass Notification encompasses all of these things and more. I am honored to partner with Desktop Alert and look forward to contributing to their continued success in bringing an affordable and reliable notification capability to DoD and beyond,” Shipman added.

“When lives are at stake, second’s count. Desktop Alert is the only known DoD vendor with a 10 second poll rate capability for network alerting beit a on-premise or cloud-based deployment of our notification system. A five year review of our DoD client reports indicate 99% of all network alerts were and continue to be received in less than 60 seconds with a bulk of the alerts being received in under 30 seconds. Latency-based network alerts introduce the risk of failure to all missions. We hang our technological hat on the speed of the alerts delivery, the speed of the alerts receipt and doing so with little to no deprecation of the networks bandwidth,” said Howard Ryan, CEO and Founder Desktop Alert Inc.

About Desktop Alert Inc. http://www.desktopalert.net

Desktop Alert provides an array of end-point integration’s with customers public address systems (Giant Voice), intercom systems, commanders channels, e-mail platforms, DSN-based and cloud-based telephony and sms message systems, network desktop alert popups, national weather service zip code based alerts, digital signage, cable tv, numerous social media systems, CAP server alert, external system sensors such as temperature devices and fire alarm systems.







Growing Advertising Budgets Drive the Global Market for Digital Signage Systems, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) November 10, 2014

Follow us on LinkedIn – Newspapers, magazines, radio, and television have been traditional means of disseminating information, and news. Technology developments over the years have helped redefine mass communication by revolutionizing the way in which organizations can relay information to large segments of population at the same time. Advanced technologies that have emerged over the years have enabled dynamic information delivery, and have accelerated the pace at which information can be delivered to target audiences. Digital signage system represents a progressive advancement that combines power of digital displays such as LCDs and LEDs with efficient content management and digital media distribution. Digital signage is a specialized form of silvercasting where digital multimedia content such as images, video, and streaming media can be displayed at public places for advertising or information purpose. Evolving since the mid-90s, digital signage systems now represent one of the most potent channels for displaying media at key public spaces such transit points, stadiums, museums, retail outlets, and hotels & restaurants, among others.

Growth and acceptance in the market is driven by the ability of digital signage to attract the right audiences. Digital signs for Digital-Out-of-Home Advertising (DOOH) especially flaunt the potential to enable advertisers to reach consumers at multiple touchpoints, context and environment thus amplifying the advertising impact. Constant bombarding of consumers with advertising media content at Point-of-Sale, Point-of-Wait, and Point-of-Transit, help target consumers with media content all through the day. Public places, such as, train stations, subways or bus stops/shelters, also prove to be typical areas where digital signage systems can be used to target the right audience. The amplification of marketing impact made possible through this medium provides a high return on investment (ROI) and thereby a business case for these systems. Digital signage systems are best suited for in-store promotion and for building brand identity.

Continued penetration of digital signage as an effective advertising platform for dynamic two-way communication, will be supported by effervescent innovations in affordable, flat-panel display panels, and development of interactive displays, augmented reality, gesture control, and built-in digital signage social network. Near-Field Communications (NFC) technology is also helping revolutionize the way audience interact with digital signage systems thereby improving their overall marketing impact. Advent of hybrid digital signage systems wherein digital signs are augmented with the interactivity of digital kiosks will further benefit market prospects in the coming years.

As stated by the new market research report on Digital Signage Systems, the United States represents the largest market worldwide. Asia-Pacific, with a CAGR of 23.9% over the analysis period, ranks as the fastest growing market led by factors such as increasing ad spending by businesses, burgeoning retail sector, and growing government budgets for improving the public communication infrastructure. Digital Signage Software represents the fastest growing product market driven by the rising prominence of analytics.

Key players covered in the report include Barco N.V., BrightSign LLC, Daktronics Inc., Dynasign, Extron Electronics, Four Winds Interactive LLC, LG Corporation, Nanonation Inc., NEC Corporation, NEXCOM International Co. Ltd., Samsung Electronics Co. Ltd., Scala Inc., Sharp Corporation, SIIG Inc., and Sony Corporation, among others.

The research report titled “Digital Signage Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea and Rest of Asia-Pacific), the Middle East, and Latin America (Brazil and Rest of Latin America). Product segments analyzed in the report include Digital Signage Displays, Digital Signage Set Top Boxes & Media Players, Digital Signage Software, and Others.

For more details about this comprehensive market research report, please visit –

http://www.strategyr.com/Digital_Signage_Systems_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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Rapid Increase in Data Consumption by Mobile Devices Drives the Global Embedded Multimedia Card (eMMC) Market, According to New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) April 24, 2013

Able to provide ultra-fast memory, integrated Multimedia Cards (MEM) are rapidly deployed in mobile computing devices like the Android-based tablets, smartphones, digital book readers, digital cameras, navigation devices and portable terminals, among others. The evolution of embedded systems technologies have played a key role in enabling the eMMC memory architecture to be mounted directly on the circuit board. A eMMC solution typically includes multimedia card interface (MMC), a flash memory component, a flash memory controller with a HS-MMC driver software that controls the eMMC. Embedded memory solution, eMMC enables device manufacturers to reduce product development time and accelerate time-to-market rates. Integration of the component of the memory at the chip simplifies system design and integration and development saving valuable time engineering design.


The use of eMMC also helps to ensure the conformity of the product to the growing demand for greater memory densities . The eMMC memory architecture should attend a high adoption among memory chip designers, since the time to market (TTM) fast time-to-volume (TTV) and time goal profit (TTP) are essential keys to manufacturer competitiveness and customer satisfaction in the electronics industry. Extended data storage capacity; low power consumption; ability to increase memory density; low cost; compact seized; higher bandwidth of data transfer; and flexible configurability are the main benefits of eMMC solutions. The trend towards miniaturization will continue to drive the adoption of eMMC, given that the technology offers a perfect solution for high performance memory products with small form factors.


eMMC market growth will be fueled by technological developments that improve the functionality of the eMMC architecture. Currently developed and marketed is the integrated Multi-Chip Package (CGMP) Architecture memory that incorporates the integrated controller directly on the memory chip eliminating the need to develop separate software interface for NAND memory. PCMC provides the ability to meet the highly integrated modern mobile computing devices miniaturized memory requirements. A key advantage of the memory architecture comprises emcp space conservation, as it allows vertical stacking of a plurality of memory functions. Furthermore, ECP eliminates the need for separate memory expansion slot allowing the development of smaller and thinner devices. eMMC should attend the widespread adoption in low-end smartphones in the coming years as the technology moves up the value chain resulting from lower prices and better performance and functionality. A key factor in the adoption of eMMC in low-end smartphones is the memory of the architecture’s ability to make these smart phones and significantly improve the relationship cost benefit ratio. higher transmission speeds of eMMC allow video and graphics capabilities of superior quality in low-end phones and separate eMMC controller reduces the load on the main processor thus improving the calculation speed no extra cost.


The growth of smartphone sales should benefit the market for eMMC. Factors such as the ubiquity of the mobile Internet, features such as advanced messaging, email, web browsing, browsing, data streaming, and faster 3G / 4G create the need for higher density memory in smartphones. As the amount of data downloaded and stored increases, the demand for eMMC is expected to grow because of its superior memory management capabilities. Benefits such as low cost of advanced memory capacity, longer battery life and a simpler structure design can reduce production costs, promote eMMC adoption in smartphones and tablets. Manufacturers have already begun to incorporate 16GB / 32GB / 64GB eMMC in high-end smartphones and development is underway to accommodate eMMC on mid-range and low-end smartphones as well.


As stated by the new market research report on integrated multimedia card (eMMC) Asia-Pacific represents the largest as well as fastest growing regional market with an expected CAGR of 28.4% over the analysis period. The growth in the region is led by strong economic growth, rising income levels, continuous development of cellular markets, increasing 3G penetration and spiraling sales of smartphones and tablets.


Key market players include Faraday Technology Corporation, Greenliant Systems Ltd., Hynix Inc., Kingston, Micron Technology Inc., Phison Electronics Corporation, Samsung Electronics, SanDisk Corporation, Silicon Motion Technology Corporation, Toshiba America Electronic Components Inc. and Transcend Information Inc., among others.


The research report titled “Embedded Multimedia Card (eMMC): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates in units for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, United Kingdom and the rest of Europe) , Asia-Pacific, Latin America and the rest of the world.


For more details about this comprehensive market research report, please visit http://www.strategyr.com/eMMC_Embedded_Multimedia_Card_Market_Report.asp .


About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading provider of research on off-the-shelf market. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today as one of the leading and reputed market research firms in the world.


Follow us on LinkedIn

Global Industry Analysts, Inc.

Phone: 408-528-9966

Fax: 408-528-9977

Email: press (at) StrategyR (dot) com

Website: http://www.StrategyR.com/

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CIT GAP Funds Invests in YaSabe, Inc.

Herndon, VA (PRWEB) September 04, 2012

The Center for Innovative Technology today announced a $ 100,000 investment in YaSabe, Inc. of Herndon, VA, as part of a larger round of financing for the company. YaSabe is focused on local and mobile search for U.S. Hispanics, bringing unique content, technology and an experienced management team to the fastest growing segment of the US economy. Consumers access YaSabe on the Internet and mobile browsers, and through Android and iPhone applications.

There are 52 million Hispanics living in the United States, growing faster than any other segment of the population. In terms of worth and growth in spending, U.S. Hispanics rival some of the most dynamic emerging economies in the world, as these consumers will spend more than $ 1.3 trillion in 2012. Latinos living in the US are also the fastest growing group of Internet users, especially of the mobile Internet, where they over-index by 40% compared with non-Hispanics.

YaSabe.com offers bilingual information for over 14 million businesses across the United States, and highlights Hispanic culture, products and services that are most relevant to Hispanics. The high-quality and unique dataset developed and managed by the company lets users search from YaSabe.com, Google and Bing and on other partner websites where Hispanics go online. The company uses specialized technologies to crawl, curate and organize information from the web, constantly adding to and enhancing its repository of culturally-relevant content for U.S. Hispanics.

Key features for consumers include powerful bilingual search functionality, a local Q&A bulletin board service where users post questions and receive crowd-sourced answers and personalized recommendations, and a mobile notification services that helps users find and discover products, services and coupons. For local businesses, YaSabe offers simple and cost-effective subscription-based digital advertising products that deliver higher return on investment than most existing offerings in the marketplace.

CIT President and CEO Pete Jobse said, “YaSabe was built by proven, successful entrepreneurs to provide a solution for a fast-growing and burgeoning marketplace. The company exemplifies the newest generation of internet companies which provide significant growth and return on investment.”

Zubair Talib, YaSabe’s CEO and co-founder, said, “CIT GAP Funds was a great fit for YaSabe and helped us gain substantial exposure to prominent investors from around Virginia.” Azim Tejani, YaSabe’s EVP and co-founder, said “CIT GAP Funds is a perfect partner for us, and we will use this investment for product development and to secure additional strategic alliances and sales channels.”

Tom Weithman, CIT Vice President and GAP Funds Managing Director, said, “CIT GAP Funds looks for entrepreneurs like Zubair Talib and Azim Tejani who are knowledgeable and can demonstrate momentum and a distinct competitive advantage in a sizable market opportunity. By providing seed capital to promising young companies and entrepreneurs and helping to fill the seed-stage funding gap, we are helping Virginia grow new companies and jobs that will shape our future economy.”

Since its 2005 launch, CIT GAP Funds has placed over 70 investments across the Commonwealth, deploying greater than $ 6 million of public funds and attracting over $ 80 million more in private funding. (For a list of portfolio companies, please visit the GAP Funds website.)

Learn more about YaSabe, Inc. by visiting their website at http://www.yasabe.com, or by following them on Twitter and Facebook.

About the Center for Innovative Technology, http://www.cit.org

CIT is a nonprofit corporation that accelerates the next generation of technology and technology companies. CIT creates new technology companies through capital formation, market development and revenue generation services. To facilitate national innovation leadership and accelerate the rate of technology adoption, CIT creates partnerships between innovative technology startup companies and advanced technology consumers. Its CAGE code is 1UP71.

About the CIT GAP Funds, http://www.citgapfunds.org

CIT GAP Funds makes seed-stage equity investments in Virginia-based technology, clean tech and life science companies with a high potential for achieving rapid growth and generating significant economic return for entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP Funds investments are overseen by the CIT GAP Funds Investment Advisory Board (IAB). This independent, third-party panel consists of leading regional entrepreneurs, angel and strategic investors, and venture capital firms such as: New Enterprise Associates, Grotech Ventures, Valhalla Partners, Harbert Venture Partners HIG Ventures, Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures, Carilion Clinic, Johnson & Johnson, General Electric and Alpha Natural Resources.

About YaSabe, http://www.yasabe.com

YaSabe.com is an online search engine to help Latinos in the US find and discover businesses, jobs, and other information locally. The company has a strong focus on Latin culture via a fully bilingual interface and deep local content such as Spanish-speaking businesses, Latin restaurants, food and clothing. The Q&A-style bulletin board service lets users post questions and receive crowd-sourced answers and personalized recommendations. YaSabe also offers a real-time activity feed and notification service that helps consumers stay connected to their communities, featuring new coupons, Latin events, user reviewed businesses and more. YaSabe already provides results for millions of queries from US Hispanics searching for products and services online at YaSabe.com and from Google, Bing and other websites like PaginasAmarillas.com and holaciudad.com where Hispanics go online. YaSabe offers local businesses and national brands simple and cost-effective ways to reach and influence Hispanic consumers who are searching online.