SUNNYVALE, Calif., May 22, 2013 /PRNewswire/ -- Mimvi, Inc. (OTCQB: MIMV), a leading mobile search and recommendation technology company, today announced business accelerator Cal-Xelerator as one of its inaugural sponsors for its joint-venture with Entrepreneur Media Inc., TrepLabs™. Cal-Xelerator will be assisting qualified TrepLabs™ developers in the areas of prototype development, IP/patent strategy, micro-licensing and product development.
Cal-Xelerator has cultivated an ecosystem of like-minded entrepreneurs, mentors, investors and solution providers that offer aspiring entrepreneurs guidance and support during the value-building stage of growth. Cal-Xelerator (www.calxelerator.com) is the only business accelerator program affiliated with the The California Stock Xchange (www.calstockexchange.com), creating the path for future public offerings.
"Partnering with Cal-Xelerator is truly exciting. Their team brings decades of experience in taking technology products to market and will enhance the quality of TrepLabs apps immediately," said Michael Poutre, CEO, Mimvi. "Their proven go-to-market system offers an exponential growth component to our developers."
"Mimvi and Entrepreneur Media have put something special together to bring undiscovered apps into the limelight, where they belong, and we are glad to play an important part of this initiative," said Steve Beauregard, Founder, Cal-Xelerator. "All too often, entrepreneurs build great products and lack the marketing budget to gain widespread adoption. I have never seen such a great opportunity for technology talent. The sky is the limit for the chosen developers of TrepLabs."
TrepLabs™ is slated to launch in June.
Headquartered in Sunnyvale, California, Mimvi, Inc. (MIMV) is a leading mobile search and recommendation technology provider. Its proprietary search and "intelligent" recommendation algorithms enable the search and discovery of Mobile Apps, Mobile Content and Mobile Products across multiple devices and platforms, including: Apple's iPhone and iPad, Google Android, BlackBerry, Windows Phone, Facebook and web applications.
The Cal-Xelerator hosts three Launch Bootcamps per year, investing up to $100,000 into four hand-picked startup companies. Each Launch Bootcamp is an intensive 108 day program where entrepreneurs are guided by seasoned Cal-X mentors who bring to bear their network of investors, partners, service providers, and most importantly, potential customers. The most promising companies that emerge from our 108 Day Launch Bootcamp will be invited into our 5 year Cal-X Stars Business Accelerator with the ultimate goal of listing on our California Stock Xchange.
Safe Harbor Statement:
This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. MIMVI has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Mimvi's current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Mimvi's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. MIMVI undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.
SOURCE Mimvi, Inc.