SOURCE: MacroSolve, Inc.

MacroSolve, Inc.

December 21, 2010 07:00 ET

MacroSolve Announces Ray Dirks Research Issues Coverage

TULSA, OK--(Marketwire - December 21, 2010) -  MacroSolve, Inc. (OTCBB: MCVE) (OTCQB: MCVE), a leading provider of mobile technologies, apps and solutions, today announced that Ray Dirks Research has initiated coverage on the Company. To read the report in full please visit: www.CPReports.com or http://www.cpreports.com/?p=723.

The research report recommends MacroSolve stock, "at $0.20 per share for very substantial capital appreciation over the very short term, the intermediate term, as well as over the long term."

The report also outlines certain market drivers including: 1) MacroSolve is extremely well positioned with a mobile app builder technology, ReForm XT™; 2) MacroSolve's recently issued landmark patent in the mobile app space; 3) research firm IDC's prediction that industry revenues from mobile apps will hit $35 billion in 2014; 4) MacroSolve's roll out of business apps sold on a SaaS business model; 5) MacroSolve's recently announced Letters of Intent with major companies in vertical markets; 6) the Company's diversified, high-margin revenue streams; and 7) MacroSolve's executive leadership and board which includes executives with Fortune 100 experience. 

"Upon the heels of our fortified IP portfolio and traction with licensing revenues, we are pleased to receive Wall Street analyst coverage as a wider network of investors become aware of MacroSolve," stated MacroSolve president and CEO, Clint Parr.

Any opinions, judgments, estimates or forecasts regarding the Company made in the research report or recited in this press release do not represent or reflect opinions, judgments, estimates or forecasts of the Company or its management. The Company does not by its reference to the research report imply its approval or endorsement of or concurrence with such information, conclusions, or recommendations.

About MacroSolve

MacroSolve, Inc. is a pioneer in delivering mobile apps, technologies, and solutions to businesses and government. Founded in 1997, the Company has an extensive network including the top name brands in wireless hardware and software as well as wireless carriers. Leveraging its intellectual property portfolio, MacroSolve is positioned to become a leader in the mobile app space, projected to become a $17.5 billion market by 2012. The Company operates through its subsidiaries including Anyware Mobile Solutions (http://www.goanyware.com) and Illume Mobile (http://www.illumemobile.com). For more information, visit MacroSolve (http://www.macrosolve.com) or call 800-401-8740.

Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

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