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Yippy, Inc. (YIPI) Updates Financial Information and Status of Business
Feb 03, 2012 (06:02 PM EST)
FORT MYERS, Fla., Feb. 3, 2012 /PRNewswire/ -- Yippy, Inc. (Pinksheets: YIPI) (www.yippy.com) ("Yippy" or the "Company"), providers of the world's fastest, family friendly search engine and web portal reported today its delayed financial and company information for Q2 ending 11/30/11 has been filed.
This information may be viewed at Otcmarkets.com or by using the link provided.
The Company is now current in its filing requirements with the OTC and upon submission of the Legal Opinion will be upgraded in status next week. The Company intends to submit audited financial statements through Q3 ending February 29, 2012. At that time the Company plans to file a registration statement and an application for submission into the OTCQX-US.
The Company recently engaged with a corporate valuation firm that is used by Goldman Sachs and Deutsche Bank Group to provide direction with respect to valuation of the assets held for the most recent filing. A full report will be made available upon its completion to the shareholders.
About Yippy Inc.:
Based in Fort Myers, Florida, Yippy, Inc. (www.yippy.com) is a new economy technology company that develops technologies and application services environments for both consumer and commercial market segments.
Statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Yippy, Inc. can be found in the filings of Yippy, Inc. on OTC Markets (www.otcmarkets.com).
SOURCE Yippy, Inc.