Rarus Technologies Inc. Submits Version 1.1 iPhone App to Apple and Also Joins Android Marketplace Which Has 61% of Smart Phone Market
HENDERSON, Nev., June 7, 2012 /PRNewswire/ -- Rarus Technologies Inc. (OTCQB: RARS) ("Rarus") announced today that it has moved quickly to incorporate improvements into its Zngle iPhone App and has submitted version 1.1 of the App to Apple. Additionally, Zngle has now broadened its range of potential clients by also joining the Android Marketplace. The two Smart Phone Giants control 90% of the US Smartphone Market according to CNET (http://news.cnet.com/8301-1023_3-57429192-93/android-reclaims-61-percent-of-all-u.s-smartphone-sales).
Zngle released its first iPhone App on June 1, 2012 in the Apple iTunes Store and has now submitted version 1.1 with added features and improvements. Zngle has been very diligent in getting member feedback and is already developing version 1.2 with more new and improved features. The Android App will have the same functionality and UI design as Zngle's iPhone version 1.2 and is expected to be available in the Android Marketplace in 2 to 3 weeks.
"We are excited to explore the new opportunities presented in developing and distributing of our platform in the Android Market Place. Our technology and applications were built with the intention of being offered on multiple platforms and our new relationship with the Android Market Place and member feedback makes us confident we can capitalize on the millions of Android users out there," commented Manfred Ruf, CEO of Rarus. Ruf added, "Today we also successfully closed a private placement which raised US$500,000 through the sale of 5,000,000 restricted common shares at $0.10 per share to qualified, non-related investors. This private placement will help us further develop and market Zngle.com and its new mobile phone apps. We're very pleased with the market acceptance of the Zngle.com business concept, as evidenced by the success of this major private placement. Funds raised will be used for installment payments for our Zngle license and marketing initiatives which we believe will speed our launch into the dynamic and fast-growing market for mobile phone apps."
You can follow Zngle business development at www.zngle.com. Be sure to watch our video on the home page and experience the Zngle platform yourself.
About Rarus Technologies Inc. and Zngle, Inc.
Rarus Technologies Inc. was incorporated in 2010 and is an emerging technology company focused on establishing an innovative business model intended to bridge cutting-edge social media and e-commerce into a marketplace that connects friends, family, consumers, and vendors in new and exciting ways. In May, 2012, Rarus Technologies Inc. incorporated Zngle, Inc. as the primary subsidiary and operations base for the Zngle.com licensed internet platform. Zngle.com is designed be a centralized Internet portal and next-generation social media website that incorporates voice/text messaging, video email, and mobile technologies to allow consumers to access real-time information about various products and services through augmented proximity reality search features.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements." All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to its plans or operations. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE Rarus Technologies Inc.
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