SOURCE: MacroSolve, Inc.

MacroSolve, Inc.

September 30, 2010 06:00 ET

MacroSolve Converts $2.3 Million in Debt to Equity at Four Times Current Trading Price

Debt Converted at $.10 per Share

TULSA, OK--(Marketwire - September 30, 2010) -  MacroSolve, Inc. (OTCBB: MCVE), a leading provider of mobile business solutions, announced today that the holders of its floating rate convertible subordinated debentures elected to convert all $2,326,280 of the debentures into common stock at $0.10 per share. With this conversion, effective September 30, 2010, the company has substantially eliminated most of its long term debt and increased its stockholders' equity.

"This conversion, at approximately four times our current trading price, is clearly accretive to shareholder value. This is a huge testament to the confidence our debt holders have in MacroSolve's strategy and prospects in the near and long term future," stated MacroSolve president and CEO Clint Parr.

About MacroSolve
MacroSolve, Inc. is a pioneer in delivering mobile apps 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 carriers. MacroSolve's mission is to become the leader in delivering mobile business apps, a market projected to grow by double digits to $11.6 B by 2012. The company operates through its subsidiaries including Anyware Mobile Solutions ( and Illume Mobile ( For more information, visit 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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