Brisio Innovations Inc.
CNSX : BZI

February 13, 2014 09:00 ET

Brisio Innovations Announces Acquisition of Portfolio of Mobile Applications

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 13, 2014) - Brisio Innovations Inc. (CSE:BZI), (the "Company"), is pleased to announce that it has purchased all rights, intellectual property and online assets associated with a portfolio of 40 applications bringing the company's total number of mobile software applications to 41.

This portfolio focuses on health and wellness and gaming apps, and has an established and growing user base, which currently generates consistent monthly cashflow. The portfolio consists of apps that generate both purchase and advertising revenue and currently has a consistent and growing number of combined daily downloads of between 400 and 500 units.

For details on the individual apps, and to purchase, please visit:

http://www.brisio.com/apps

Paul Andreola, the Company's President and CEO, states, "Brisio continues to execute its business model of acquiring apps that will generate significant returns for the company. This latest acquisition grows our install base substantially and will greatly contribute to the Company's monthly cashflow. We will also commence translating these apps for Android devices to greatly expand our potential install base. The expanding installed base will allow us to easily cross market a greater number of offerings to a larger number of customers."

The Company also confirms that, as previously announced, it completed its name change to "Brisio Innovations Inc." and the continuance of its corporate jurisdiction from Alberta to British Columbia, on February 12, 2014.

About the Company

Brisio Innovations is focused on the acquisition, development and marketing of software applications for mobile computing devices, such as smart phones, tablets, and wearable computers.

On behalf of the Board,

Paul Andreola, President, CEO and Director

Disclaimer for Forward-Looking Information

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding potential positive effects that the acquisition of the portfolio of apps may have on the business of the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, and include discussion of: (i) revenue generating potential of the apps; (ii) market potential for the apps; and (iii) the Company's plans to translate the apps for Android devices. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements, including: (i) that app purchasers may cease or fail to purchase any of the apps; (ii) that potential growth is not as expected; (iii) that the Company may be unable to successfully translate the apps for Android devices; and (iv) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company is available in the Company's public filings with Canadian securities regulators, available on SEDAR at www.sedar.com.

Contact Information

  • Brisio Innovations Inc.
    Paul Andreola
    President, CEO and Director
    (604) 644-0072
    www.brisio.com