SOURCE: Thwapr, Inc.

Thwapr, Inc.

November 04, 2011 11:40 ET

Thwapr, Inc. Engages Paramount Advisors to Manage Investor Relations Program

NEW YORK, NY--(Marketwire - Nov 4, 2011) - Thwapr, Inc. (OTCBB: THWI), a service for mobilizing and monetizing branded video content, announced today that the Company has engaged Paramount Advisors to manage its investor relations (IR) and financial communications programs.

"Thwapr has been steadily gaining momentum and the mobile video market has experienced explosive growth in recent years. As we move forward with the execution of our business plan, we felt that it was imperative to engage a team of experienced IR professionals such as Paramount Advisors to effectively communicate our message to shareholders and prospective investors," stated Bruce Goldstein, CEO of Thwapr, Inc. "Paramount has a proven track record of assisting emerging growth companies like Thwapr in building quality, long-term relationships with the investment community, and we are confident that our message will be conveyed in a transparent and professional manner, maximizing shareholder value."

In collaboration with Thwapr's management team, Paramount will develop, refine and help disseminate the company's message to the investment community. Paramount Advisors provides strategic advisory services, technology-driven communications and designs custom financial communications programs that increase visibility within the investment community, while emphasizing best practices in corporate governance. "We are pleased that Thwapr has selected our firm to represent their company to the investment community," commented Michael Irving, Executive Vice President of Paramount Advisors. "Thwapr has a remarkable message and a dedicated management team who has positioned the Company to become a leader within their industry. We are excited to be a part of such a great corporate team, and help them take their financial communications and IR programs to the next level."

About Thwapr, Inc.
Founded in 2007, Thwapr empowers brands to mobilize, monetize and socialize content, extending distribution reach while delivering the highest possible quality and user experience regardless of device, network or carrier. Founded by digital video pioneers from Apple, Avid and MTV, Thwapr's patent-pending technology is revolutionizing mobile video. Thwapr is making branded mobile video sharing easy, and reliable so marketers can reach the hundreds of millions of consumers with Web-enabled mobile devices. Visit us at www.thwapr.com, follow us at www.twitter.com/thwapr or Like us on Facebook www.facebook.com/thwapr.

Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new products and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Thwapr's annual report on Form 10-K for the most recent fiscal year, Thwapr's quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Investor Relations Contact:
    Michael Irving
    Paramount Advisors, LLC
    407-878-5462
    mike@parvise.com

    Media Contact:
    Jocelyn Johnson
    Gravitas Communications
    212-924-9500
    jjohnson@gravitas-pr.com