IRVINE, CA--(Marketwire -05/23/12)- Itonis, Inc. (ITNS.PK) today announced its plans to launch AppRocket and its web portal of www.AppRocket.com over the next 30 days -- being the latest newly formed subsidiary.
AppRocket will join a $13.4 billion global apps market that has been projected in the industry to grow to $35.6 billion by 2016. (http://www.bloomberg.com/news/2012-05-01/rim-woos-app-developers-in-13-billion-market-corporate-canada.html)
The new AppRocket subsidiary reflects the Company's primary goal: "to maximize earnings and cash flow in order to achieve growth initiatives that will drive long-term shareholder value."
"The new subsidiary fits perfectly into Itonis' plans to grow the ITNS portfolio. I'm proud to share that plans are in place and on track to expand into additional innovative and lucrative markets," says Mark Cheung, Itonis' CEO.
About Itonis, Inc.
Itonis, Inc. (the "Company") was incorporated in the state of Nevada on July 5, 2005 under the name of Kenshou, Inc. Subsequently, its name was changed to its present name, Itonis, Inc., on December 2, 2005. For more information, please visit www.itonisholdings.com.
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.