TORONTO, ONTARIO — (Marketwire) — 03/30/12 — VoodooVox Inc. (formerly Call Genie Inc.; herein “VoodooVox” or the “Company”), (TSX: VVX), a leading provider of mobile advertising solutions, today announced its financial results for the year ended December 31, 2011 and the three months ended December 31, 2011.
Annual Results
Fourth Quarter Results
HIGHLIGHTS
OUTLOOK
In 2011, the Company identified market demand and commercialization opportunities to transform its existing technology and solutions into a smarter mobile advertising network. As a mobile advertising company, VoodooVox enters into business arrangements directly with publishers to place advertising. In fourth quarter of 2012, the Company completed the acquisition of the assets of UpSnap Services LLC (“UpSnap”) and signed a definitive agreement to acquire the assets of VoodooVox, Inc., a US based mobile advertising and data analytics company. The VoodooVox acquisition closed in the first quarter of 2012 and the Company has merged the operations of UpSnap and VoodooVox. Michael Durance, CEO of the Company, remarked, “2011 was a transformational year for us which saw the emergence of VoodooVox, the smarter mobile advertising company. We have forged a powerful platform, differentiated through consumer analytics, which will allow advertisers, publishers and operators the potential to optimize their yield in the mobile advertising eco-system. VoodooVox will continue to identify productive assets suited for consolidation and we are excited by the prospects of leveraging our expanded products, services and relationships in this extremely high growth market.”
This news release should be read in conjunction with VoodooVox-s annual consolidated financial statements and the accompanying notes as at and for the year ended December 31, 2011 and the related Management Discussion and Analysis. These have been filed with certain securities regulatory authorities in Canada and are available on SEDAR () and on the VoodooVox website at .
About VoodooVox Inc.
VoodooVox uses consumer analytics to provide smarter mobile advertising services via the cloud to publishers, advertisers and operators. VoodooVox, which represents the combined assets and knowledge base of three companies, namely Call Genie Inc., UpSnap Services, LLC and VoodooVox, now processes billions of advertising transactions for a marquee list of global clients and partners. Currently, VoodooVox solutions are deployed in 11 countries around the world. .
The Company defines net loss excluding one-time non-cash charges as net loss less the loss attributed to the debt conversion incentive program as reported in its annual 2011 consolidated financial statements.
The TSX Exchange has neither approved nor disapproved the contents of this news release.
Contacts:
Voodoovox Inc.
Alex Blodgett
403.410.6875
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