SOURCE: MacroSolve Inc.

MacroSolve Inc.

September 01, 2010 06:00 ET

MacroSolve Signs Letter of Intent to License DineInsight to Retail Data Solutions

Retail Data Solutions to Market DineInsight to Its Large Installed Base of Customers in the Retail and Hospitality Industry

TULSA, OK--(Marketwire - September 1, 2010) - Further expanding its distribution channels and reach, MacroSolve, Inc. (OTCBB: MCVE), a leading provider of mobile business solutions, announced today that it has signed a Letter of Intent (LOI) with Retail Data Solutions to license and market its DineInsight™ mobile restaurant app.

Retail Data Solutions is one of the top dealers in the country of hardware and software solutions to the retail, restaurant and hospitality industry. The company's clients span from major national retail chains to locally owned businesses.

Michael Kress, Retail Data Solutions CEO, stated, "We've been serving the retail and hospitality industry for 20 years. Today we are seeing mobile solutions emerge as an essential solution that will enhance our clients' operations. MacroSolve's DineInsight is a fantastic solution that I believe will benefit our clients. We are excited to sell the product as part of our full portfolio of industry-leading point of sale and data solutions. From my standpoint, I believe mobile apps will experience unprecedented growth, due to the value they deliver to businesses, and Retail Data Solutions is working with MacroSolve to be part of this industry evolution." 

MacroSolve president and CEO Clint Parr added, "As Retail Data Solutions comes on board as a licensee and marketer, DineInsight will have far greater reach in the market. We're creating great products and we're looking to get them into the hands of businesses that need them fast. This licensing and marketing agreement with Retail Data Solutions is a model for how we intend to accelerate our deeper penetration of vertical markets."

DineInsight, powered by patent-pending ReForm XT™, is a powerful marketing and promotion tool for restaurants, providing a custom, concept-branded mobile application for iPhones, BlackBerrys and other smartphones.

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 (http://www.goanyware.com/). For more information, visit 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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