Single Touch Hits Record Half-Billion Mobile Message Milestone
JERSEY CITY, N.J.--(BUSINESS WIRE)-- Marking a milestone for Single Touch Systems, Inc. (OTC BB: SITO), and the burgeoning mobile marketing industry, Single Touch - a technology based mobile media solutions provider, announced today it has sent one-half of a billion mobile messages (500,000,000) on behalf of its retail clients. This record number of messages was sent primarily over the past two years on behalf of national retailers, via voice and text, to U.S.-based mobile subscribers on an opt-in basis.
Single Touch provides one of the largest free-to-end-user voice and text mobile messaging program for some of the largest retailers in the U.S. through a Master Services Agreement with AT&T. Retailers use Single Touch's scalable mobile messaging platform to engage with their customers in a variety of ways including Reminder Messaging for pick up and deliveries, Mobile Coupons & Promotions, and New Product Launches, to name a few. Backed by a robust patent portfolio and its leadership role in mobile media, Single Touch currently sends out nearly 900,000 mobile messages daily.
"These core mobile messaging programs produce recurring revenues for Single Touch with visibility and predictability for the foreseeable future. We generate revenues for each message sent," stated Single Touch President and CEO, James Orsini.
"We're very excited to have reached this important milestone in the mobile industry. Mobile is a new marketing channel that offers superior ROI for the advertisers. Our scalable messaging platform coupled with our patent-protected technology positions Single Touch for continued growth within this rapidly expanding industry," added Single Touch Chairman and Chief Innovation Officer, Anthony Macaluso.
About Single Touch Systems, Inc.
Single Touch Systems, Inc. is a technology based mobile solutions provider serving businesses, advertisers and brands. Through patented technologies and a modular, adaptable platform, Single Touch's multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty. For more information about Single Touch Systems, Inc. visit: www.singletouch.net
This news release may contain forward-looking statements that involve risks and uncertainties and reflect Single Touch's judgment as of the date of this release. These statements may include those regarding strategy, growth and future operations. Actual events or results may differ from Single Touch's expectations. The risks and uncertainties include reliance on brand owners and wireless carriers, the possible need for additional capital, as well as other risks identified in Single Touch's most recent Form 10-K filing with the SEC. Single Touch disclaims any intent or obligation to update these forward-looking statements beyond the date of this press release, except as may be required by law.
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