| By Business Wire | Article Rating: |
|
| November 29, 2012 03:37 PM EST | Reads: |
161 |
Single Touch Systems, Inc. (OTC BB: SITO), a technology based mobile media solutions provider that enables businesses, advertisers and brands to easily connect with customers through its patented technologies, announced today a 20% increase in the number of mobile messages the Company sent on Cyber Monday, over 2011 Cyber Monday levels.
Single Touch’s results are in line with industry growth rates and trends. In Deloitte’s 2012 Annual Holiday Survey 68% of smart phone users who were asked planned to use their device for holiday shopping. According to published reports, Paypal tracked data and saw a 190% increase in global mobile payments compared to 2011.
Single Touch leverages its portfolio of patented mobile technologies to deliver mobile media services to some of the largest retailers in the U.S. Single Touch is currently delivering between 800,000 to 900,000 mobile media messages per day and expects this number to continue to grow through 2013. On Cyber Monday the Company saw its daily volume of mobile messages spike to nearly 1, 500,000 as compared to 1,250,000 on Cyber Monday in 2011.
“Monetizing the mobile channel has become a critical component of the media mix for a range of businesses across virtually every industry. The number of messages we are delivering is growing consistently and this holiday season is proving to be one where customers are increasingly using their mobile phones during their shopping experience,” stated Single Touch President and CEO, James Orsini. “Using our patented technologies, on a daily basis, in our operating business on behalf of our growing client base further validates the value of our IP portfolio.”
About Single Touch Systems, Inc.
Single Touch Systems, Inc. is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, Single Touch’s multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty. For more information about Single Touch Systems, Inc. visit: www.singletouch.net
Forward-Looking Statements
This news release may contain forward-looking statements that involve risks and uncertainties and reflect Single Touch’s judgment as of the date of this release. These statements may include those regarding strategy, growth and future operations. Actual events or results may differ from Single Touch’s expectations. The risks and uncertainties include reliance on brand owners and wireless carriers, the possible need for additional capital, as well as other risks identified in Single Touch’s most recent Form 10-K filing with the SEC. Single Touch disclaims any intent or obligation to update these forward-looking statements beyond the date of this press release, except as may be required by law.
Published November 29, 2012 Reads 161
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
- Cloud People: A Who's Who of Cloud Computing
- Windows Azure IaaS Reaches General Availability
- AMD and Adobe Collaborate on Upcoming Version of Adobe Premiere Pro Software to Enable Breakthrough Video Editing Performance Through Open Standards
- State and Local Governments Adopt Microsoft Dynamics CRM to Improve Citizen Service Delivery
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- Cloud Expo New York: Deploying Hybrid Cloud for Performance and Uptime
- Predixion Software Announces General Availability of the Latest Version of its Predictive Analytics Platform
- Symphony EYC Appoints New Account Manager to Drive Global Opportunities
- Cloud Computing Is Simplifying Things
- Cloud Expo New York: Developing the World’s First IaaS Marketplace
- Cimtrek announces the general release of its Lotus Notes migrator for Microsoft’s SharePoint platform
- Session Topics: 12th Cloud Expo / Cloud Expo New York
- Cloud People: A Who's Who of Cloud Computing
- Cloud Expo New York: Best CIO Practices Shared from SHI’s Customers
- Windows Azure IaaS Reaches General Availability
- AMD and Adobe Collaborate on Upcoming Version of Adobe Premiere Pro Software to Enable Breakthrough Video Editing Performance Through Open Standards
- State and Local Governments Adopt Microsoft Dynamics CRM to Improve Citizen Service Delivery
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- The PostOpen Event – Why It Is So Important
- The Cover and the Epilogue of the Upcoming Book
- Cloud Expo New York: Deploying Hybrid Cloud for Performance and Uptime
- Small Cancers, Big Data, and a Life Examined
- Predixion Software Announces General Availability of the Latest Version of its Predictive Analytics Platform
- Basho Announces Open Source Riak CS and General Availability of Riak CS Enterprise v1.3
- Google Maps and ASP.NET
- Converting VB6 to VB.NET, Part I
- How to Write High-Performance C# Code
- Crystal Reports XI & How It Has Changed
- Where Are RIA Technologies Headed in 2008?
- Creating Controls for.NET Compact Framework in Visual Studio 2005
- Programmatically Posting Data to ASP .NET Web Applications
- Implementing Tab Navigation with ASP.NET 2.0
- AJAX World RIA Conference & Expo Kicks Off in New York City
- i-Technology Viewpoint: "SOA Sucks"
- .NET Archives: Getting Reacquainted with the Father of C#
- i-Technology Photo Exclusive: Bill Gates & Steve Jobs In "Nerds"























