IRVINE, CA--(Marketwired - Apr 8, 2014) - Irvine-based Ubiquity Corp. (
GiftSender™, available in English and Spanish is a powerful solution for retail brands, enabling a powerful mobile gifting solution to launch giveaways for special occasions, create and manage promotions, offer special discounts and market events, gift birthdays and giveaways to mobile app users, push notifications, take advantage of geo-location functionality, tap into dashboard access to see analytics.
Consistent with Ubiquity's core business strategy, GiftSender™ leverages Ubiquity's extensive portfolio of intellectual property inclusive of several patents and patents pending, encompassing multi-application smart cards with currency exchange, location tracking, personal identification and mobile gift card and mobile wallet functionality.
The gift card market has increased to more than $110 billion annually (According to Fox Business and CreditCards.com), with more than 80% of consumers now purchasing gift cards during the holiday season. CEO Christopher Carmichael said that, "Our proprietary technology uniquely positions Ubiquity to establish a foothold in this burgeoning industry and particularly as an increasing amount of consumption in this category is both purchasing online and leveraging mobile platforms to do so with added security features and functions."
Key Market Drivers
- Sales of gift cards have risen from $80 billion in 2007 to a forecasted $118 billion this year, a 47% increase in five years, according to a new report by advisory company CEB TowerGroup.
- By the year 2015, gift cards will account for 18% of holiday spending,
- US consumption of gift cards exceeds the GDP of 136 countries, and
- P2P and e-gifting are identified as catalysts for growth.
Ubiquity plans to launch GiftSender™ in North America in the Q3, 2014.
Carmichael added that, "GiftSender™ is just one application of the potential our smart card technology unleashes. As more countries and financial institutions roll out smart card technology infrastructure, Ubiquity will be well-positioned to leverage its intellectual property to develop and commercialize additional disruptive smart-card enabled applications. We have assembled a team of engineers specifically to enable and execute the delivery of a robust Smart Card solution on multiple platforms, GiftSender™ being our first offering of the World Smart Card patent portfolio."
Convenience and additional security have been the catalysts to more than 80 countries around the world adopting smart card enabled technology, but only about 1% of the credit cards in the U.S. have chips. "We believe that the U.S. is poised for tremendous growth in terms of smart card application development and consumption."
American Express, Discover, MasterCard and Visa have all announced their plans for moving to an smart-card technology-based payments infrastructure in the U.S. "Our technology leverages the current swipe card infrastructure while also being ahead of the curve in its chip and tracking ability for the future infrastructure. The World Smart Card Patent has a 3Millimeter Wafer thin Battery that runs off the defense satellite, it's the LoJack of the Smart card industry," added Carmichael.
"Ubiquity is positioned to be a competitive and strategic leader in smart cards. Examples, such as Target's recently announced plan to accelerate a $100 million chip-enabled smart card program are developing constantly," said Ubiquity Co-Chairman, Nick Mitsakos.
About Ubiquity Broadcasting Corp.
Based in Irvine, CA. Ubiquity is a vertically integrated, technology-focused media company. Ubiquity is focused in five specific areas with a robust portfolio of patents and intellectual property. First, the Company has developed an intuitive user interface making access to all content from any device in a simple, consistent format. Second, Ubiquity enables the search and identification of any object and image in all video and digital media. Third, it has developed a platform for mobile transaction including the integration of payments, money transfers, coupons and gifts. Ubiquity has also developed an industry-leading, intuitive, immersive consumer experience for all web-based activity. Finally, the company allows for the personalization of all content, whether public or private, in a unique accessible way.
Through Ubiquity Labs we are leveraging an extensive portfolio of intellectual property spanning Web 3.0, immersive advertising, video compression, content distribution, eCommerce, and mobile applications to support the commercialization of new technologies. In addition, we intend to pursue strategic licensing opportunities. Through Ubiquity Studios, we provide we engage in the commercial production, distribution and exploitation of entertainment products including but not limited to television, commercials and film. For more information, visit www.ubiquitycorp.com.
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risk that the Company is not able to successfully bring GiftSender to market, the failure of the business strategy, the integrity of the Company's patents and proprietary intellectual property and competition. The Company cautions that the foregoing list of risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events, including the risk factors set out in the Company's 10K for the year ended December 31, 2014. See the sections entitled "Risk Factors" in Ubiquity's quarterly and annual reports as filed by Ubiquity from time to time with the Securities and Exchange Commission. The Company has assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.