TranzActive partners with Yappn for its licensed technology revenue services programs
NEW YORK, NY – October 30, 2014 – Yappn Corp. (OTCQB: YPPN) (“Yappn” or the “Company”) a leader in real-time language technology, today announced that linguistic technology licensing provider, TranzActive (www.tranzactive.com), is partnering with Yappn to deploy its services, expertise and support for the implementation of TranzActive’s linguistic suite. Revenues will be billed for services, recurring fixed fees and transactional percentages.
TranzActive offers its technology to clients and partners via an equity and / or fee for license model to create the opportunity for long-term value. The equity position model allows those organizations to build their global presence without the burden of adding significant resources like staffing and location services.
Under the TranzActive business model, professional and development services are to be contracted to Yappn Corp. (www.yappn.com). Multilingual contract services would include technology implementation, professional services, social integration, catalog development, shopping cart language services and multilingual post-sale customer care. Yappn will also offer TranzActive clients the opportunity to participate in its global social platform, FotoYapp and other Yappn initiatives.
In conjunction with the program, Yappn has already begun preliminary programs with 2 start-up programs out of China and South America, assisting them with developing a marketing and business plan for North American and global outreach. These sites are focused on Ecommerce and Data Warehousing and will generate transactional, recurring and professional services fees. Additional projects are under consideration.
“Yappn is focused on opportunities that have significant and sustainable revenue paths,” said David Lucatch, Founder and CEO Yappn Corp. “TranzActive’s business model will allow early stage and mature companies to globalize without expending significant resources thereby increasing efficiencies and profits and Yappn will be there to support these programs on a fee for service, recurring fixed fee and transactional percentage basis, creating revenue growth opportunities for our company.”
According to Internet World Stats.com, from 2000 through to 2013, languages other than English have shown the most explosive growth. Today, English is not even in the top 5 growing languages of the internet, with Arabic, Russian, Chinese, Portuguese and Malay showing the highest user language growth. According to the 2011 US Census, over 66 million people in the US do not speak English at home with an estimate of 155 million over the next five years.
Additionally, global Ecommerce is continuing to see explosive growth. According to eMarketer, global B2C Ecommerce sales reached $1.5 Trillion this year which is an increase of 20.1% and by 2015, Asia Pacific will surpass North America as the leading region for Ecommerce sales. It’s expected that North America, Asia Pacific and Western Europe will hold approximately 90% of the global Ecommerce market.
About TranzActive – www.tranzactive.com
TranzActive is the Language Service Technology arm of Intertainment Media Inc. TranzActive provides its global licensed language services technology to facilitate the expansion into new markets for start-ups, high growth and emerging corporate online enterprises. TranzActive’s business model is partner based, allowing organizations to grow their global presence without the burden of a significant addition of resources.
TranzActive is actively partnering with developers, agencies and companies to create global engagement. Based on a review of opportunity, TranzActive offers its technologies on an equity and fee for license basis to create value for the Intertainment Media organization.
TranzActive also partners with Yappn Corp. to offer professional services, product development, online marketing initiatives and other services on a best practices basis.
Yappn is a real-time multilingual company that amplifies brand messaging, helps conduct commerce and provides customer support by globalizing these experiences with its proprietary approach to language. Through its real-time multilingual amplification platform, Yappn eliminates the language barrier, allowing the free flow of communications in 67 languages. Yappn has developed cost effective, unique and proprietary technology tools and services that create dynamic solutions that enhance a brands messaging, media, e-commerce and support platforms.
In addition to Yappn, FotoYapp (www.fotoyapp.com) provides consumers, brands and Influencers with the ability to share media content (images, video, audio, etc.) instantly across the global social sphere with all major social posts in a single environment in almost any language allowing global participants to interact with each other, regardless of their native tongue.
Yappn Corp. is publicly in the U.S. on the OTCQB – symbol “YPPN” and leading technology incubator; Intertainment Media Inc. (TSXV: INT / US: ITMTF / FRA: I4T) has a controlling interest in Yappn Corp.
For more information, please visit http://www.yappn.com
David Lucatch, Founder and CEO, Yappn Corp.
Forward Looking Information
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This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, and those preceded by or that include the words “believes,” “expects,” “given,” “targets,” “intends,” “anticipates,” “plans,” “projects,” “forecasts” or similar expressions, are “forward-looking statements.” Although Yappn Corp.’s management believes that such forward-looking statements are reasonable; it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the SEC including the Current Report on Form 8-K filed on April 3, 2013 and each subsequently filed Quarterly Report on Form 10-Q and Current Report on Form 8-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.