SOURCE: Spindle Inc.

Spindle Inc.

February 08, 2012 11:29 ET

Spindle Announces Strategic Partnership With Are You Shipping Me™

Partnership Will Provide Merchants and Consumers With Unique Payment and Shipping Solutions

SCOTTSDALE, AZ--(Marketwire - Feb 8, 2012) - Spindle Inc. (OTCBB: SPDL) ("Spindle") ("The Company"), a national provider of innovative mobile commerce and alternate payment solutions for businesses and consumers, has announced it has formed a strategic partnership with Are You Shipping Me™ (AYSM), a California-based enterprise shipping solutions provider for businesses and consumers. As part of this relationship, Spindle will bundle AYSM services with its RhinoPay® merchant services solution, giving businesses and consumers low-cost options for shipping services. In addition, AYSM will offer RhinoPay to its merchant clients, giving users a simple, mobile and secure method of payment.

"We believe Are You Shipping Me and our RhinoPay solution will complement each other and deliver an immediate benefit by providing our customers access to a competitive shipping service," explained Bill Clark, president of Spindle Inc. "Spindle began a deliberate approach to enter the market by selecting several trial merchants for its RhinoPay Merchant Services solution with the intent of locating strategic partners in e-commerce and m-commerce environments that -- when integrated into RhinoPay platform -- would align with our vision to provide an integrated, cross-silo services-based ecosystem that benefits both merchants and consumers."

Spindle's RhinoPay solution serves both consumers and merchants with a device-agnostic payments platform that allows users to conduct P2P, P2B, B2P and B2B commerce with ease, and accommodates a number of payment technologies, including a wide range of credit, debit, ACH, and bank transfers.

"The ability to offer our customers a simple, mobile and secure payment solution makes tremendous sense," said Tony Yannakakis, Principal of AYSM. "As a result of our partnership with Spindle, AYSM will be able to deliver customers the option to open an e-commerce or m-commerce storefront, sell products, and enable low cost shipping -- all from a single Internet or mobile application. We expect to launch this enabling platform and market the offering to 13,000 merchants in the US in the very near future."

AYSM offers a robust suite of shipping solutions to consumers, small businesses, and major enterprises. With an impressive repertoire of comprehensive shipping solutions, AYSM customers can take advantage of lower costs, more options, and superior customer service. In addition, AYSM provides customers with advanced analytics of shipping activities, enabling businesses to have direct visibility into the performance and reliability of various shipping providers.

About Spindle, Inc.

Spindle is an innovator of mobile payment solutions for the banking industry, retail sector and consumer-facing companies. A pioneer in "Frictionless Finance", the company is actively developing new and improved ways for companies and end consumers to fluidly transact and exchange funds, regardless of platform. The Company is dedicated to delivery of secure payment services crossing traditional boundaries by offering cutting-edge solutions that enable buyers, sellers and individuals to transact face-to-face or virtually using mobile or internet devices, this includes RhinoPay®, a product name acquired in 2011from RhinoPay, Inc., a frictionless way to pay. The Company also owns and has developed an extensive intellectual property portfolio, including patents pending, covering networks, mobile payments and security. For more information, visit www.spindlemobile.com.

Forward-Looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Spindle Contact:
    PR Contact
    Glenn Goldberg
    Chief Executive Officer
    Parallel Communications Group
    516-705-6116
    Email Contact

    Investor Relations Contact
    Jason Assadir
    Email Contact
    678-570-6791