PALO ALTO, Calif., April 20, 2016 /PRNewswire/ -- Intellectsoft COO Uri Soroka issued the following statement:
"Yesterday, a phony press release incorrectly stated that Intellectsoft was in the process of being acquired by a company called AppYea. This information is completely false. It appears this fraudulent news originated from a group of scammers attempting to inflate stock prices.
While Intellectsoft's recent expansion and record sales growth is an attractive draw for investors and employees, Intellectsoft remains privately held. We are proud of the tremendous success our company has achieved, leveraging nine years of experience in custom mobile application and software development to deliver exceptional projects to our clients, along with adding self-service application development platform Mobile Roadie to the Intellectsoft family of brands."
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