DEERFIELD BEACH, Fla., March 14, 2013 /PRNewswire/ -- After three weeks of ongoing dialog, GetGayFunded.com and Amazon Payments have reached a mutual agreement that has re-established Amazon Payments as the funding processor for LGBT projects listed on Apps Genius Corp's GetGayFunded.com crowdfunding website. The site went live again on March 9th, said Adam Kotkin, chief executive officer of Apps Genius Corp (OTCQB: APGS), the company that developed and operates GetGayFunded.com.
In addition to re-establishing funding processing, Amazon Payments also agreed to continue processing nearly $7,000 of funds that had been pledged for nearly two dozen LGBT projects before GetGayFunded.com went dark on February 19th.
GetGayFunded.com uses Apps Genius' proprietary crowdfunding platform and is specifically designed to meet the unique crowdfunding needs of the Lesbian, Gay, Bisexual, and Transgender (LGBT) community. The site is a place where both businesses and individuals can post their projects and others have the opportunity to pledge to projects they find interesting or beneficial.
"It was very important for us to work with Amazon Payments to process the money that had been pledged for those projects already," said Kotkin. "We appreciate the tremendous outpouring of support from the public to get our website back online and we are grateful to Amazon Payments for working through this issue so GetGayFunded.com can go back to work providing much-needed funding support for LGBT community projects."
About Apps Genius Corp
Apps Genius Corp (OTCQB: APGS) (www.appsgenius.com) develops and operates a crowdfunding platform that powers GetGayFunded, a crowdfunding site devoted to the LGBT Community and GetFunded.com, a crowdfunding site devoted to the welfare of animals. It also develops, markets, publishes and distributes social games and software applications that consumers can use on a variety of platforms. The platforms include social networks, wireless devices such as cellular phones and smartphones, including the Apple iPhone™, and standalone websites.
Statements about the future expectations of Apps Genius Corp, and all other statements in this press release other than historical facts, are "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, as amended, and as that term is defined in the Private Securities Litigation Reform Act of 1995. Apps Genius Corp intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve certain risks and uncertainties and are subject to change at any time, Apps Genius Corp's actual results could differ materially from expected results.
THE MURRY AGENCY
or Richard Murry
SOURCE Apps Genius Corp