SOURCE: Five Star Equities

Five Star Equities

February 16, 2012 08:20 ET

Glu Mobile and SNAP Interactive - Strong Growth Plays in Social and Mobile App Market

Five Star Equities Provides Stock Research on Glu Mobile & SNAP Interactive

NEW YORK, NY--(Marketwire - Feb 16, 2012) - The social media and mobile app market continues to show impressive growth this year. For example, last month's Software & Information Industry Summit in New York featured appeals to publishers to pursue new media, social networking and mobile as avenues to relevancy and revenue. Five Star Equities examines the outlook for companies in the Technology Sector and provides equity research on Glu Mobile Inc. (NASDAQ: GLUU) and SNAP Interactive Inc. (OTCBB: STVI). Access to the full company reports can be found at:

Juniper Research estimates that annual revenues from consumer mobile applications will approach $52 billion by 2016 as consumer smartphone adoption accelerates in tandem with the emergence of a mass tablet market. While smartphones will continue to comprise the majority of app revenues over the forecast period, the report noted that tablets -- which currently account for just 7% of global app revenues -- would comprise 25% of such revenues by 2016.

By 2014, tech research firm Gartner estimates over 185 billion applications will have been downloaded from mobile app stores worldwide.

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SNAP Interactive, Inc. develops, owns and operates online dating and social networking applications for social networking websites and mobile platforms. SNAP's flagship brand, offers a completely integrated Facebook, iPhone, Android and Web application. Earlier this week, the company reported that fourth quarter revenue increased 98 percent to $5.5 million compared to $2.8 million for the comparable period in 2010 while annual revenue increased 188 percent to $19.2 million compared to $6.6 million for 2010.

Glu Mobile Inc. engages in the design, marketing, and sale of casual and traditional mobile games worldwide. The company recently posted fourth quarter revenue of $20.1 million compared to $15.5 million in the fourth quarter of 2010.

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