SAN JOSE, Calif., Nov. 12 /PRNewswire-FirstCall/ -- Zippi Networks, Inc., (Pink Sheets: ZIPZ) a leading provider of mobile, web-based, and telecommunications based commerce applications that enable Americans to recycle their "Clutter into Cash," today announced a general company update which touches on several key milestones that have been achieved throughout the course of Zippi's lifecycle, its re-tooling efforts, and also confirming the company's readiness to re-build its customer base with a new and improved suite of product and service offerings.
Zippi is a company founded over 3.5 years ago with very high expectations in providing a viable solution to home based business owners known as eBay sellers or power sellers. Its business is also built on a service that allows consumers a hassle free way of turning "Clutter into Cash". To date Zippi's founders, along with friends and family have invested personal capital and loan guarantees of approximately $6.8 million dollars, the company has raised approximately $8 million in total with the founders deeply committed financially and operationally. Zippi came to market with a very broad base of products, services, technology, and content that have all centered on the creation of its multimillion-dollar brand. The company branched out quickly in multiple directions, which became difficult to effectively manage without fully understanding the areas of growth that would provide viability for the future.
The company has been contending with a series of downsizing exercises and debt re-structuring efforts as management continues its focus on the delivery of Zippi products and services. Data collection along with a re-tooling of its products and services has strengthened the company's footing in being an instrumental component in streamlining the eBay process. As evidenced in recent announcements Zippi has secured a relationship with a very synergistic partner in "EMI" and is continuing to expand relationships with additional partners that will assist in growing the company's business.
Robert A. Rositano Jr. CEO of Zippi Networks, Inc. stated "Looking back on what we and our shareholders have experienced, there are things we recognize now that will enable us to avoid certain pit falls going forward. In fine-tuning our services/products we now have a selectively focused approach in achieving scalable results. Staying focused on one offer and expanding based on its success will lead us to utilizing a broad base of assets that are ready and waiting to be put to use. We are excited about Zippi 2.0".
About the Company:
Zippi(TM) Networks, Inc. (publicly traded: ZIPZ.PK), headquartered in San Jose, Calif., has created a revolutionary business process (three US Patents Pending), together with the ease of hand-held mobile technology, social networking, and the ability to recycle that empowers a new generation of online sellers. Founded in 2006, Zippi engages consumers with an easy toll free telephone number designed to allow everyone who becomes a "Zippi Club Member" an easy hassle free way of selling items online; by phoning 1-877-GO-ZIPPI an item owner can receive a quick "mini appraisal" Zippi then connects this appraisal and customer with the appropriate "Zipster" (eBay seller), Zippi handles the pre-screening of the "Zipster" and pulls the best seller for the job to handle the entire transaction.
Zippi's offerings target consumers and existing eBay "Trading Assistants / Power Sellers", ultimately for the benefit of the eBay community. The strength of the eBay community resides in eBay's very own message "the power of all of us", with Zippi each and every eBay seller can embrace the power of many, allowing each "Zipster" to scale earnings and eliminate competition by building a steady stream of business, team members, and sales with Zippi, for the eBay community.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as results of various factors including the ability of the company to successfully commercialize its new technologies and service offerings. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Zippi is a trademark of Zippi Networks, Inc. All other trademarks or registered trademarks are the property of their respective owners.
SOURCE Zippi Networks, Inc.
