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Mimvi’s (MIMV) Revenue Has Lift Off!

Within the last month, Mimvi has been busy and it is paying off BIG! LaunchPad, Mimvi’s latest endeavor, is a new division in the company that helps companies migrate their businesses to a mobile world. Launching and marketing a mobile app or site can be a daunting process for companies, so LaunchPad aims to make this a lot easier for businesses by offering services from Mimvi’s experts of various professionals.

"This is a turning point for Mimvi," said Michael Poutre , CEO, Mimvi Inc. "It validates both the LaunchPad model, and another way for us to generate revenue. This division creates a natural sales channel for our core business around app discovery."

Only a month old, the LaunchPad division has already pulled in a very lucrative six-figure deal. That speaks volumes on its potential for future revenue. Remember, this is only the beginning, so we know they are going to pull in a lot of revenue for 2013. We also shouldn’t forget about the new crowdfunding project called TrepLabs that we reported on last week. Just these two endeavors alone will bring in a heavy revenue flow for Mimvi.

- Toby


Disclosure: NBT Group, Inc. was compensated one million shares in 2010 for investor awareness marketing services.

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