SOURCE: InternetArray, Inc.

July 31, 2012 08:30 ET

InternetArray Establishes Mobile App Development Group

NEW YORK, NY--(Marketwire - Jul 31, 2012) - InternetArray, Inc. (PINKSHEETS: INAR) established a cross-organization team to consolidate and focus the Company's mobile application development ("MAD") efforts. The MAD team consists of staff from the development, technical and marketing personnel of Noobis, Inc., StockPlay and outside business partners.

The team's initial focus will be to complete testing and release the new Noobis iOS Photo App and begin the design and development of a new StockPlay mobile app. Additionally, this team is tasked with laying the groundwork and integrating new social media-based mobile app technology throughout InternetArray's business structure of incubating, developing, and acquiring innovative web-centric businesses.

InternetArray is ramping up its mobile app development efforts because the trend toward mobile computing is growing at an exponential rate and many of our products are well-suited for mobile app use. The explosive growth in the mobile app market is expected to be worth $25 billion by 2015, according research firm MarketsandMarkets.

This directional expansion of the Company's focus was the result of input and efforts by members of the new emergent technology advisory group implemented recently.

About InternetArray, Inc. (www.internetarray.com)

InternetArray, Inc., provides guidance and investment for innovative, early-stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ from the assumptions currently anticipated.