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January
18, 2006 |
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Volume
VII, Issue 7 |
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Home Page : www.otcjournal.com
Email Questions or Comments To:
editor@otcjournal.com
To
OTC Journal Members:
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Comments
in the BLOG |
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There aren't any new comments in
the BLOG since yesterday's edition on the TLPE acquisition
of Liberty Wireless. By the time you read this, there should be
a BLOG entry up on Bad Toys (OTC BB: BTYH)- I just don't
understand why it has sold off. Please check it out for an update.
To use the BLOG, simply go
to the home page at www.otcjournal.com
- the BLOG will scroll down automatically on the right side of your
screen. The most current journal entries appear in the middle of your screen.
Check back frequently for updates particularly when stocks are moving to
overbought or oversold levels or in volatile markets. Your questions and
postings do not automatically appear, so don't bother posting the same
question multiple times. I personally go through to moderate and respond
to every reasonable question.
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UpSnap (OTC
BB: UPSN) Snaps Into Action |
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Mobile audio and video
content is one of the hottest arenas in the stock market today. Even
John Madden is doing commercials for Sprint's new sports replay video service.
Verizon offers the service as well. Mobile content delivery is expected
to grow by leaps and bounds over the next five years, and mobile service
providers need to get the content from somewhere.
UPSN was first introduced
by the OTC Journal on November
19th in the $2.80 range. I warned subscribers it would
be a pretty volatile stock. After making a brief foray into the $3.20 range,
the stock hit our stop loss of $2.30 on its way to $1.80 before turning
around and heading back up to $2.50.
Since early December the stock has
been quietly trading in the $2.50 range, and I believe is now positioned
to start trading up again. The company has spent the last two years and
a substantial amount of capital building out one of the first mobile search
platforms. It works the same way search works on the internet. In the case
of UPSN, you simply dial 2SNAP (27627), then include a text
message of what you are looking for. You must include either the zip code
or area code to make it geographically specific. It works for shopping
comparisons as well. If you want to learn how it all works, simply visit
www.upsnap.com.
Today, UPSN announced the
acquisition of XSVoice, a mobile content provider of audio and video
entertainment, sports, news, etc. In essence, this acquisition will make
UPSN
the only one stop shop for providers for mobile content and search.
In light of this being such a hot
arena, I believe this stock is now ready to SNAP back to life. According
to the press release, acquisition XSVoice delivers content from
ESPN,
FOX News, and over 100 music and entertainment channels. Their technology
takes the content created by these outlets and delivers it to your cell
phone. As the news gets out over the next several weeks concerning
UpSnap having both mobile search and mobile video and audio content
available, watch this stock begin to show up on the radar screens of investors
with an interest in this sector.
As you can see from the chart, the
stock has been very quiet since early December. The volume has come down,
and the stock has found a level it likes.
I would expect the volatility you
see in the early going to return to this stock- the first move being to
the upside. We've been red hot of late, and I believe UPSN is about
to keep the trend going.
Accumulation of this stock for
a big move over the next month is strongly recommended.
Here's the complete text of today's
news.
| Press Release Source:
UpSNAP, Inc.
Wednesday January 18,
10:11 am ET
UpSNAP
Acquires XSVoice, Creating the First-ever Marriage between Mobile Search
and Mobile Audio Content
UpSNAP is a leader in
mobile search and XSVoice enables mobile access to live and on-demand streaming
audio content including ESPN Radio, Fox News and more than 100 music and
entertainment channels
DAVIDSON, N.C., Jan.
18 /PRNewswire-FirstCall/ -- UpSNAP Inc. (OTC Bulletin Board: UPSN.OB -
News), whose search technology is the first built specifically to handle
the unique requirements of mobile search, now introduces the first-ever
capability to search for and access live and on- demand audio content from
mobile devices. The North Carolina-based company today announced that it
has acquired Nashville, Tennessee-based and privately held XSVoice, a leading
provider of mobile streaming technology to premier entertainment and news
outlets including ESPN Radio, Fox News and more than 100 music and entertainment
channels. The total stock and cash consideration to be paid is approximately
$6.3 million.
"Our acquisition of XSVoice
lets us offer consumers an easy way to search for and access cream-of-the-crop
mobile audio content," said Tony Philipp, president and CEO of UpSNAP.
"No other search provider offers search for mobile audio content. With
the acquisition of XSVoice, UpSNAP becomes the leading provider of mobile
search and entertainment."
XSVoice is a pioneer
in the development of wireless technology that brings popular streaming
content to mobile devices, providing access to multiple content channels
and expanding the capabilities of mobile devices. XSVoice has provided
nearly 2 million mobile consumers with access to a variety of audio content.
The acquisition enables
UpSNAP to provide a mobile search and broadcasting platform that supports
the end-to-end requirements of searching and delivering mobile content
for all devices and all carriers. Through its Streaming Wireless Internet
Gateway(TM) (SWinG) platform, UpSNAP now enables virtually any type of
live or on-demand audio content, including Internet-based streaming audio,
radio, or other media source, to be delivered to all mobile phone devices.
The addition of XSVoice
builds upon UpSNAP's strategy of offering mobile phone users the chance
to search, find, and enjoy entertainment content on the go. "The combination
of rich multimedia content and search at last provides one seamless platform
for mobile content delivery," added Philipp.
About UpSNAP
UpSNAP, Inc. (OTC Bulletin
Board: UPSN.OB - News) is a provider of free mobile search and content
services. As the first company to address mobile search, UpSNAP has built
its technology platform from the ground up with specific focus on the unique
challenges of providing a usable and functional mobile search experience.
UpSNAP's patent-pending technology combines wireless search and natural
language commands to deliver premium services to mobile phones, while generating
revenue via a voice over IP (VOIP) call connect infrastructure that links
mobile phone users with vendors in its advertising program. All the UpSNAP
technology can be licensed by wireless carriers, service providers and
content providers who wish to incorporate searchable wireless streaming
audio capabilities into their existing product and service offerings The
company is headquartered in Davidson, North Carolina. For more information
about UpSNAP, visit http://www.UpSNAP.com.
About XSVoice
XSVoice is a wireless
platform and application developer based in Nashville, Tenn. Through its
proprietary SWInG (Streaming Wireless Internet Gateway) platform, XSVoice
enables mobile access to virtually any type of live and on-demand streaming
audio content. With deep industry expertise, extensive partnerships, resources
and proven experience in creating mobile solutions, XSVoice develops and
delivers value-added products and services for today's wireless industry.
For more information about XS Voice, visit www.xsvoice.com.
This press 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. The information in this news release includes certain forward-looking
statements that are based upon assumptions that in the future may prove
not to have been accurate and are subject to significant risks and uncertainties,
including statements as to the future performance of the company. Although
the Company believes that the expectations reflected in its forward-looking
statements are reasonable, it can give no assurance that such expectations
or any of its forward-looking statements will prove to be correct. Factors
that could cause results to differ include, but are not limited to, successful
performance of internal plans, product development acceptance, and the
impact of competitive services and pricing and general economic risks and
uncertainties. |
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companies are chosen on the basis of certain financial analysis and other
pertinent criteria with a view toward maximizing the upside potential
for investors while minimizing the downside risk, whenever possible.
Moreover, as detailed below, this publication accepts compensation from
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is owned by MarketByte, LLC. To the degrees enumerated herein,
this newsletter should not be regarded as an independent publication.
Go
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