BURBANK, CA — (Marketwire) — 07/19/11 — (OTCBB: HOTM) a vertically integrated wireless telecommunications company that operates three business units: Products; services; and content, is pleased to provide a quarterly update to its stakeholders.
Mr. David J. Bleeden, CEO of HotCloud Mobile, Inc., commented, “In addition to our required periodic filings with the SEC, and press releases when we have significant news events, we are going to provide quarterly updates to our stakeholders and interim letters to our shareholders. We are a start-up company, and there are a lot of things going on behind the scenes, laying the foundation for our anticipated future growth. Updates such as this may help retail and institutional investors better understand our story.”
Mr. Bleeden continued, “I-ve built some solid industry relationships, and a large historical customer base, which we are tapping into. Through our partnerships with , and , we have the opportunity to expand and add value per customer through the use of patented, state-of-the-art, viral, social mobile technologies. With our Stars Wireless, Inc. subsidiary, we plan to build out a multi-channel distribution infrastructure to manage retail and wholesale channels, including our HotCloudMobile.com direct-to-consumer website, where we sell the latest in handsets and accessories. We believe the combination of cutting-edge technologies with world-class products and distribution, both retail and wholesale, is a potent catalyst for growth.”
“Our first move was to establish a technology partnership with MacroSolve, which positions as one of the first vendors of licensed mobile applications under MacroSolve-s new patent. This gives us a distinct advantage when approaching potential licensees interested in private-labeled mobile applications,” added Mr. Bleeden.
“Shortly thereafter we announced a partnership with FanMaxx and the development of a targeting celebrities, athletes and entertainers. The app will give them the opportunity to maximize the fan experience and monetize their fan base. We are currently working with several potential licensees in preparation for the anticipated launch of the FanMaxx app in August.
“We then announced a marketing and distribution relationship with NexBoom, whereby HotCloud will use its distribution network and historic customer base to promote and market NexBoom-s tablet computer and provide a patented suite of co-branded mobile applications including a mobile platform to offer premium content. NexBoom will also distribute and market HotCloud-s apps where appropriate to its network of up to 100M social media end users, and work with HotCloud to promote NexBoom-s tablet computer and technology.
“Getting all of this technology into the hands of the consumer is the point. That-s where our Stars Wireless, Inc. subsidiary comes in. Stars Wireless will be led by an established industry veteran who really knows this business. This will form the cornerstone of our equipment business.”
Mr. Bleeden concluded, “We have a huge opportunity. We-ve previously cited a by , the world-s second largest app store, which concluded that the total value of the app market alone could reach $17.5 billion in the next three years. The major carriers are selling iPhones and Android phones in record numbers. As a society our appetite for new and better technologies seems insatiable. At HotCloud we are expending the resources to create a solid foundation for the growth we anticipate.”
HotCloud Mobile (, and ) is a leading supplier of wireless products and services designed to enhance the wireless experience. HotCloud offers the latest products on its website, including handsets, unlocked phones, specialty accessories, as well as phone insurance and exclusive mobile applications and licensed content from its in-house design team. From music and ring tones to the latest mobile apps for business or pleasure, HotCloud is the premier destination for mobile products, content and subscription services.
Information in this press release contains 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. Without limiting the foregoing, the words “believes,” “anticipates,” “plans,” “expects” and similar expressions are intended to identify forward-looking statements. The forward-looking statements may include our future operations, financial condition and prospects and business strategies. These forward-looking statements are subject to certain risks and uncertainties that could cause our actual results to differ materially. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in this press release or in other documents including those filed with the SEC. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.
Investor Relations and Communications
Mark Moline
760-208-1894
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