Yippy, Inc. (OTC Pink: YIPI) (PINKSHEETS: YIPI), a unified search company known for its search clustering technology, "Big Data" intelligence and eDiscovery tools, announced today that it expects third quarter 2014 revenue to be $350 thousand. Guidance for the fourth quarter 2014 is expected to come it at $550 thousand, ending the year with approximately $1.3 million in revenue.
"We are pleased to report a substantial increase in revenue and a forecasted fiscal profit for 2014, which was driven by the launch of Yippy's new cloud based "Big Data" intelligence platform and our diligence in managing our expenses," stated Richard Granville, Chief Executive Officer, Yippy, Inc. "We have found that the integration of Velocity, Muse Global, and our internally developed programs has created a very disruptive mash up of enhanced intelligence attributes for mining time sensitive data from around the world. This program is like having a crystal ball for long term clustered trending for select data points which provides tactical insight."
"Yippy's growth in Big Data will not be stereotypical. We have found attributes to the Velocity software that even IBM is not aware of due to the major differences in our sales approach. Big Data and/or BI (business intelligence) is not just an API driven dashboard giving managers a KPI outlook. BI is providing intelligence on customers, competitors, industry, and world events that may affect their business. 90% of BI is derived from contextual data, not transactional; Yippy delivers a language and platform agnostic contextual clustering discovery platform that quantifies valuable trending data for our customers before it is picked up in secondary trending engines. Knowledge is power and with Yippy our customers see and predict trends with high confidence," noted Granville.
About Yippy, Inc.
Based in Fort Myers, Florida, Yippy, Inc. is a technology company that specializes in the development of search, data normalization and intelligence through application service environments for consumer and enterprise markets. Yippy's proprietary web-based product suites are deployed over cloud architecture and provide secure, redundant and maintained data services for businesses and education markets. The Company also operates several online web properties and educational reference portals. Investors can find current financial disclosure for the Company on www.otcmarkets.com.
Forward-Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements 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. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, 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).
CONTACT:
Investor Relations
Yippy, Inc.
1-877-YIPPY01
info@yippyinc.com
SOURCE: Yippy Inc