This is from Web site of Yippy's lawyer John H. Snyder PLLC.
He seems very confidence with Yippy - as he got paid with YIPI shares for $50 MM lawsuit against Magna group, and also Globalstar is really got into Yippy.
Yippy Launches Into Space With Globalstar Deal
January 04, 2016
Data technology company Yippy, Inc. (YIPI:OTC) has entered the global data space race by entering into a long-term agreement with Globalstar, Inc. (GSAT).
Historically, satellite internet and data service has been limited by slow download speeds. Yippy, which holds a perpetual license to IBM Watson Explorer technology, has developed its EASE 360 software solution that dramatically increases satellite data performance. In order to leverage this unique capability, Yippy has entered into a 20-year agreement with Globalstar, a leading provider of low earth orbit satellite voice and data communications.
The agreement enables Yippy to bring its customers industry leading satellite internet service, in addition to giving Yippy exclusive rights to sell Yippy’s EASE 360 Platform to Globalstar’s nearly 700,000 subscribers. Yippy also receives colocation rights with respect to 20% of Globalstar’s 26 ground stations worldwide. Yippy will utilize its access to the Globalstar network to provide affordable broadband-like internet access to locations not served by terrestrial internet - which includes more than 4 billion people around the world.
Yippy was advised in this transaction by Thomas C. Sima and John H. Snyder. We congratulate Rich Granville, John Macartney, and everyone at Yippy on this remarkable deal.
Yippy, Inc. (“Yippy”) is pleased to announce that it has entered into a long-term agreement with Globalstar, Inc. (“Globalstar”), a leading provider of satellite voice and data communications.
In the coming weeks and months, Yippy will work closely with Globalstar to make available to Globalstar’s nearly 700,000 customers the Yippy EASE 360 platform and proprietary data compression, optimization and security software (the “Yippy Data Software”). Globalstar, already an industry leader, recently deployed a constellation of second-generation high-speed satellites. Yippy’s agreement with Globalstar signifies a mutual commitment to make Globalstar satellite voice and data service the gold standard in low-latency ubiquitous satellite communications for the next generation. This agreement creates five new and discrete business verticals for Yippy:
Yippy has acquired the right to purchase (at highly competitive wholesale pricing terms) and resell up to twenty percent (20%) of Globalstar’s network capacity. This will enable Yippy to resell Globalstar services and equipment to its own customers (together with access to the Yippy Data Software), who will benefit from enhanced data functionality and competitive pricing terms. Yippy believes that the Yippy Data Software will make satellite data and internet communications feasible for significant categories of customers previously discouraged from using satellite technology by slow data speeds and/or costs. We are in active discussions with potential partners who will assist Yippy in bringing satellite internet to un-connected regions of the world.
(For the full sentences, Go to the OTC market site for YIPI.
Search it In Article 5 Covenants in the "Stock Issuance Agreement by and between Globalstar Inc.and Yippy Inc."
It's time to post again! YIPI is Back with the new agreement.
"ISO – 27001 – on going as of the date of this report."
I am waiting this news of government approval, which should be done by any time now. Without this approval, EASE would not be a gem. IMO
Notification of Late Filing
Name of Company: Yippy, Inc.
Type of Report: Annual Report for the Period Ended May 31, 2015
Filing Status: Late
Reason for Late Filing: Yippy, Inc. (the “Company”) was not able to complete and timely file
its Annual Report for the period ended May 31, 2015, because certain accounting and
documentation work required for the completion of the review of the Company’s financial
statements could not, without unreasonable effort or expense, be prepared and provided to the
Company’s independent accountants early enough to allow for the completion of the legal
review of the financial statements prior to the prescribed due date. Thus, the Company requires
additional time as requested by our accounting team to properly complete and file its Annual
Report for the period ended May 31, 2015.
Anticipated Date of Filing: September 7, 2015
Acquisition of ISO certification news should be the next bite though no one recently even mentions it.
Hope we see the news before the annual report. Hope is vital here.
I will be brief.
#1 - The deal with Globalstar is going very well.
#2 - The last filing by Magna, Sason, et al, is of no concern whatsoever.
Due to the amount of requests from shareholders and this forum being overwhelmed with absolute non-truthful statements, we want to set the record straight.
Don't know,but I just see tiny manipulations for getting cheaper shares.The lawsuit is a big thing, but we shouldn't forget what we are long waiting for - ISO certification- the game changer. Revenue will come to follow it. Let's keep an eye on it. Must be pretty soon. YIPI
and CEO's relatives etc. And so, It is said only 1 - 3 million shares are available. Some said less than 1 million.
Not sure the exact number, but just do your DD. That's what I am saying as a long time holder. Good luck!
Thanks for coming by. YIPI and GSAT together, we'll be winners in the big data and the cloud computing war as we both have that advanced technologies. I say the win win deal.
Past and search the news. Or Global star GSAT (NYSE)
We are still waiting for the ISO news as well. Keep your round eyes on this pappy.