SOURCE: Blast Applications

Blast Applications

March 25, 2014 10:00 ET

Blast Applications, Inc. Reports Improved Financials for Fourth Quarter and Fiscal Year 2013

PLAINVIEW, NY--(Marketwired - Mar 25, 2014) - Blast Applications, Inc. (PINKSHEETS: BLAP) today reported financial results for the fourth quarter and fiscal year ended December 31, 2013.

Highlights for the fiscal year 2013 include a 35 percent increase in gross revenue, 57 percent reduction in its current liabilities and 63 percent lower operating cost from Blast Applications' corporate overhead.

The increase in revenues during fiscal year 2013 is a result of Blast Applications showing the ability to successfully improve sales across all areas that the company has diversified in the last 12 months. The complete financials are available at

"Our improved 2013 financial performance is reflective of the progress Blast Applications is making towards its strategic relationships and partnerships to grow revenue and create even more organic growth, our focus is expanding sales within existing and new revenue opportunities."

Stated Dino Luzzi, CEO of Blast Applications, Inc., who will continue to have a leading role in driving growth in 2014.

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About Blast Applications, Inc
Blast Applications, Inc. is a marketer and developer of applications for Android, iPhone®, Twitter® Facebook® and Nokia with unique opportunity to monetize the web surfer's dedication to social media sites through direct advertising programs tied to the Company's tools, applications and websites.

Forward-Looking Statements
This release contains "forward-looking statements" and information provided by Blast Applications, Inc., such as online, printed documents, publications or information available via Blast Applications, Inc's website. It may contain certain forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause Blast Applications Inc.'s results to differ materially from historical results, or those expressed or implied by such forward-looking statements. These statements may also include plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing.

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