MacroSolve Takes Step to Participate in Industry Roll-Up
Tulsa, Okla., May 25, 2012 – MacroSolve, Inc., doing business as Illume Mobile (OTCPK: MCVE) (OTCQB: MCVE) (“MacroSolve,” “Illume Mobile” or the “Company”), a leading provider of mobile technologies, apps, and solutions for business, announc
the appointment of Clint H. Parr to a strategic growth role.
Mr. Parr, who resigned as Executive Vice President of the Company effective May 1, 2012, and will pursue business development work as a non-executive stated, “The market for mobile business apps is exploding and the app development companies are very fragmented thus offering potential for the Company to emerge as a consolidator.”
Steve Signoff, CEO MacroSolve quotes, “As we now focus on scaling the business with processes, partners and pipeline, while leveraging our intellectual property, we will need to continue to extend our vision and position the Company for accretive acquisitions and participation in strategic ventures. Given Clint’s ten year executive tenure in mobile business solutions and his business development acumen, he is well positioned to assist MacroSolve in pursuing it’s stated intent of leading an industry roll-up.”
MacroSolve, Inc., doing business as Illume Mobile, is a pioneer in delivering mobile apps, technologies, and solutions. Leveraging its intellectual property portfolio, MacroSolve enforces its landmark patent while providing mobile app products and services under the name Illume Mobile. MacroSolve is positioned to become a leader in the mobile app development services space, which is projected to become a $100 billion market in 2015 according to Research2Guidance. For more information, visit Illume Mobile at www.illumemobile.com.
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contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to,
the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.