SOURCE: Pingify International Inc.

Pingify International Inc.

May 13, 2014 15:33 ET

Pingify and 80 Elements Announce Next Generation Application

EDMONTON, AB--(Marketwired - May 13, 2014) - Pingify International Inc. (OTCQB: PGFY) is an Edmonton, Alberta-based startup in the classified space. Pingify's patented technology enables users to receive information about classified listings directly on the mobile device via "Pings." 

80 Elements and Pingify International are pleased to announce the next generation of the application. "We will be taking our experiences with the initial application and applying all we have learned for the new version," says Jason Gray, CEO of Pingify. "We anticipate that we will be able to launch by the end of summer."

Some of the new features include:

  • Classified posting system that will allow users to post items for sale and then have the choice to send pings to people looking for that item. If the seller chooses this option, they will pay per click only when their posting is read. This includes both a mobile and desktop version of the application.
  • Pingify will provide an escrow payment system via https://www.balancedpayments.com/ to protect both buyer and seller during the transaction.
  • The new mobile version will be easier to use through category-based filters. Each category will have preset items to choose from to make the creation of requests easier and more accurate.
  • Rebuilding infrastructure on Pingify to support a custom API.
  • Building this API will provide a much needed component that allows us to add new channels such as x.com, half.com and other classifieds easily and provide more sources of results for the app creating a much more diverse application for connecting users to what they are searching for.

This new Consumer-to-Consumer version will provide Pingify with a new source of revenue by leveraging the existing user and request databases. "By combining the eBay postings with Pingify postings we hope to have one of the larger classified sites online," says Jason Gray. "Sellers of the Pingify system will have a unique way of reaching buyers who are looking for the same items. We believe that we will have a new and powerful system to bring buyers and sellers together." 

Forward-Looking Statements

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipates", "believes", "estimates", "expects", "intends" and similar expressions, as they relate to Pingify or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of various factors. Pingify does not undertake any obligation to update such forward-looking statements. Investors are cautioned to consider all other risks and uncertainties affecting the company, including those in its filings made with the Securities and Exchange Commission.

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