I want to take this time to address some concerns and provide updates on the current business of Yippy, Inc.
Yippy is currently in negotiations with major business leaders from around the world interested in bringing an alternative to Google, Yahoo and Bing into their countries for profit and to be able to control and filter information deemed irrelevant in real time. Citizens and business owners in other countries are equally disturbed as those in the U.S. with the NSA Prism program and seek similar solutions to privacy issues for their own purposes.
The Yippy brand stands tall for numerous reasons. We believe that Yippy is the only company in the world possessing all of the technology needed for governments and business leaders worldwide to provide protected search and cloud applications through our applications services environment in the Yippy Cloud. Yippy is not just a search engine. Yippy is a software company that operates a search engine and many other technologies.
Our software programs are well established and documented by major third party organizations such as Forrester Report, ICG and Gartner, and we believe that Yippy possesses precisely what the world needs, including both consumer and enterprise customers, for cloud based applications and services at the right time in history. Entering our fourth year of operation, we are now a viable alternative for enterprise applications in the cloud. Above all, we continue to strive to be the software company that drives private and morally responsible access to data.
We are determined to stay focused on expanding the Yippy search indexes ever bigger and with more depth. Our index growth over the next couple of months will be extensive. Partnerships with companies to provide localized information for service companies such as plumbers or restaurants will be added to Yippy in the near future. Currently, we are indexing all major newswires around the world to provide up to minute news and information which will be added in the coming days.
Financially, Yippy achieved more top line revenue last month (August 2013) than we did in our last reported quarter mainly from enterprise not advertising revenue. Our top line sales for FY 2013 was approximately $458,000 up 500% year over year. Yippy sold off several non-essential programs in a wholly owned subsidiary so this number may be adjusted north once the auditors decide how to book the transaction. We anticipate that top line revenues in FY 2014 will continue to grow exponentially.
Yippy filed an extension notice for the Company's annual report for FY 2013 due to needing evaluation of the asset values via a third party to further strengthen our balance sheet. It remains Yippy's goal to either list on NASDAQ once we have achieved consistent and significant revenue growth, or sell the company. Either way, this is the most important filing as the asset values of what we have created and acquired during the last fiscal year needs special attention to maximize shareholder value. Time and patience is all that is needed.
As mentioned previously, the Company is evaluating several partnership deals as well as acquisitions targets that have been announced. We close deals close when the numbers make sense. Right now the numbers do not make sense, but we will continue to negotiate as I do think there is value in everything. Just how much is the question to be answered.
Lastly, there have been 3 press releases issued through a service called I-Newswire that appear to be released by the Company. Two of them reference Google and the other covers already released material crafted to look like a new release from the Company. Yippy, Inc. does not use I-Newswire and the reference to Google is absurd. We have contacted the authorities including the SEC regarding these phony releases and they should be disregarded. This kind of activity will not be tolerated.
Thank you for your continued support of Yippy and its goals.
Rich Granville, Chief Executive Officer
About Yippy, Inc.
Based in Fort Myers, Florida, Yippy, Inc. is a technology company that specializes in the development of search, data normalization, and aggregation 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. Yippy (YIPI) has been approved to trade on the OTCQX U.S., the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. Investors can find current financial disclosure and Real Time Level 2 quotes for the Company on http://www.otcmarkets.com/.
More information can be found at: http://www.yippy.com/
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 (http://www.otcmarkets.com/).
SOURCE: Yippy, Inc.