News out before the market opened today helped propel INAr higher today. Volume was heavier than we've seen the last few months and the stock looks poised to test the $.001 in the short term. This was a stock that not long ago went from these same prices $.0004-.0006 and hit $.004 a share. That would again be a powerful move, lets see the stock break the 50 dma first.
NEW YORK, NY, Jun 28, 2012 (MARKETWIRE via COMTEX) -- Noobis, Inc., an InternetArray, Inc. (PINKSHEETS: INAR) holding, announced it has progressed on the development of new products geared to small to medium sized businesses and non-profit organizations. This will include lighter versions of existing products like Amplify and new offerings which have already been tested with clients.
"We're finding that the smaller and medium sized client has the desire but not necessarily the budget for customized development," said Jon Brennan, President and CEO of Noobis. "We've reviewed a number of our custom products and are in the process of streamlining and automating the development process to provide attractive and affordable versions to this market."
The company plans to rollout these product offerings over the next 90 days with new revenue expected to begin during the 4th quarter.
About Noobis, Inc. (www.noobis.com) Noobis, Inc. develops and integrates social media applications and networks. In addition to building its own Internet assets and technologies, Noobis works with clients and partners to leverage the emerging social media marketplace.
About InternetArray, Inc. (www.internetarray.com) InternetArray, Inc. provides guidance and investment for innovative, early stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
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