Mimvi Issues Progress Report on TrepLabs™ Program

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Small successes lead to big opportunities

SUNNYVALE, CA. - Mimvi, Inc. (MIMV) today announced its progress in the development of the TrepLabs™ program slated to launch at the end of June. The company has increased its projections in several areas ahead of the launch of the public website. These areas are in the number of apps it will showcase, revenue and channel partners.

Mimvi’s TrepLabs™ program will now feature 5-6 apps in its first month - almost double its early estimates. Mimvi also received a $100,000 contract to develop an app for submission to TrepLabs.

“TrepLabs™ is evolving from a concept into a robust system and the future is very bright. Most people think this is just a crowdfunding site, they don’t fully understand the full process and the differences in the model from what is out there right now.” said Eric Rice, Mimvi executive. “We are truly linking developers, brands, venture capital, publishers and entrepreneurs into a system that creates, and takes to market, great ideas, one by one.”

TrepLabs™ is currently establishing channel buying and licensing opportunities for its developers and has been in talks with large brands in technology, sports, travel and entertainment. As the website rolls out the program will release more information on these new sponsors and partners.

Find out more about TrepLabs™ and how to get involved at www.treplabs.com

ABOUT MIMVI

Headquartered in Sunnyvale, California, Mimvi, Inc. (MIMV) is the leading mobile search and recommendation technology provider. Its proprietary search and "intelligent" recommendation algorithms enable the search and discovery of Mobile Apps, Mobile Content and Mobile Products across multiple devices and platforms, including: Apple's iPhone and iPad, Google Android, BlackBerry, Windows Phone, Facebook and web applications. For more information, please visit: www.mimvi.com

ABOUT ENTREPRENEUR MEDIA INC.

Entrepreneur Media Inc. is the premier content provider for and about entrepreneurs. Our products engage and inspire every day with the advice, solutions and resources that fuel the bold and independent way entrepreneurs think.

After 36 years, nobody reaches more growing businesses. As the original magazine for the small and midsize business community, Entrepreneur continues to be the definitive guide to all the diverse challenges of business ownership. Entrepreneur.com is the most widely used website by entrepreneurs and emerging businesses worldwide. Entrepreneur Press publishes the books that turn entrepreneurial skills into business success.

To learn more, visit www.entrepreneur.com

ABOUT LAUNCHT

Based in Boston, Launcht.com has pioneered the development of white-label crowdfunding platform software since 2010. The Launcht crowdfunding system and complimentary crowdvoting system powers platforms for corporations, brands, non-profits, universities, business plan competitions, municipalities, and startup portals. Launcht makes it easy to quickly set up your own platform without any coding required. For more information, please visit: www.launcht.com

Safe Harbor Statement:

This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. MIMVI has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Mimvi's current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Mimvi's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. MIMVI undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.

Investor Contact:
Gerald Kieft
The WSR Group
(772) 219-7525
IR@theWSRgroup.com
www.wallstreetresources.net/mimvi.asp

SOURCE: Mimvi, Inc.

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