SOURCE: Andiamo Corporation

August 08, 2011 15:09 ET

ActionApp Corporation to Provide 100% Rebate on Paid Apps

ST PETERSBURG, FL--(Marketwire - Aug 8, 2011) - Andiamo Corporation (PINKSHEETS: ANDI) reports that its subsidiary ActionApp Corporation (www.action-app.com) has entered into an agreement with AppRedeem, Inc. (www.appredeem.com) to provide a unique opportunity to their users by allowing them to upgrade from the ActionApp free app versions to the paid versions and get a 100% rebate of the cost.

"During the previous quarter (5/1/2011-7/31/2011) ActionApp had approximately 2.2 million downloads of our free app versions. By working with AppRedeem, we will be able to notify the free users through a uniquely designed splash screen, that they can upgrade to the full (paid) version and the money they spend on purchasing the ActionApp will be reimbursed by AppRedeem directly to the users Amazon or PayPal account, thereby making our paid version 'free' for the consumer. There will be no cost to ActionApp and we will still benefit 100% from the purchase revenue. I am very excited to see what the conversion rate will be from free to paid versions, when the paid version is actually free," said Dustin Secor, CEO of ANDI.

"We have a great method for monetizing free app users to paid users and we are extremely excited to have ActionApp Corporation as a deal partner," said Sheffield Nolan, CEO of AppRedeem, Inc.

Secor, further stated, "These are the types of improvements that we will continue to search out and implement to further increase our profitability and increase shareholder value."

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This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

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