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Blink Technologies, Inc. Enters Into Letter of Intent With Newbound, Inc.

EAST LANSING, MI--(Marketwired - Dec 10, 2014) - Blink Technologies, Inc. ( OTC PINK : PUNK ) today announced that it has entered into a Letter of Intent with Newbound Inc., a software developer of a proprietary secure peer-to-peer technology platform. Blink states that its goal is to move to a definitive agreement with Newbound, Inc. to acquire the company and its technology as soon as is practicable.

"Blink's foresight and commitment to the market, combined with their significant consumer channel development experience, is very compelling to us," said Newbound CEO Marc Raiser. "We are an engineering and development group and have been looking for the right consumer product company to partner with to bring our next generation technology to market," stated Raiser. "Considering all factors, Blink was the right choice for us," he added.

Blink Technologies Inc., a developer and marketer of consumer-based streaming media products, believes the Newbound platform will allow Blink to deliver solutions that will demonstrate clear separation from competitors in the fast-growing U.S. streaming media market.

"It is apparent that consumers are rapidly moving to adopt a wireless streaming media model to view and interact with content," said Blink CEO Dean Miller. "Cables are out. Consumers are managing a greater number of applications, more personal data, entertainment, and media, including video, music, and games with their smartphones and tablets, and viewing that content on big-screen HDTVs," stated Miller. "We believe the leap ahead for Blink is allowing consumers to easily stream media wirelessly, giving them higher performance and more secure internet and Wi-Fi connections, and helping them enjoy a better overall streaming experience," he added. "Integrating Newbound technology into our products accomplishes this," Miller concluded.

About Blink Technologies, Inc.
Blink Technologies is focused on delivering media streaming solutions that expand and enhance the user experience on consumer devices such as smartphones, tablets, and TVs.

About Newbound, Inc.
Newbound is a private company founded in 2004 by industry veterans to develop cutting edge software solutions.

Safe Harbor:
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief, or current expectations of Blink Technologies, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Blink's ability to control and their actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Blink's filings with the Securities and Exchange Commission.