New York, New York--(Newsfile Corp. - May 28, 2015) - Yappn Corp. (OTCQB: YPPN) ("Yappn" or "Company") a leader in real-time language technology and translation is pleased to announce that it is launching its Windrose Global Ecommerce ("WGE") framework, allowing Ecommerce providers, developers and partners to offer vendors the ability to build once and deploy their active online stores in up to 67 languages, through a single store application. The first partnership with Yappn and Windrose will deliver a Shopify® app, available in Shopify's® app store, by late-June.
Yappn's WGE application for Shopify® is a Microsoft Azure® cloud recurring fee based software-as-a-service (SaaS) deliverable that is a combination of native Shopify® application (app) and a cloud-based portal enabling E-tailers to expand their reach into up to 67 different languages simply and easily, through an automated app install, without any development or computer programming experience. The Windrose app allows online stores to be viewed in multiple languages without the creation of additional Shopify® storefronts, making marketing, sales and support seamless and easy to both the customer and vendor.
The market for such an application is extremely large as demonstrated by the following statistics:
| Emerging market population growth resulting in | Growing global ecommerce market | ||
| more non-English internet users | |||
| • | Only 800.6 million of the 3.0 billion | • | Top Ecommerce growth markets do not |
| internet users surf in English* | speak English as native language (China, | ||
| • | The market size of the global language | Brazil, and Germany growing at 32%, | |
| services industry will rise from $34.7 | 15.5%, and 15.9% respectively in | ||
| billion in 2013 to a projected $47 billion | 2015)**** | ||
| by 2018** | • | B2C Ecommerce sales has grown from | |
| • | Projected CAGR of 5.72 percent over the | $1.2 trillion in 2013 to a projected $2.4 | |
| period 2013-2018 in global language | trillion by 2017**** | ||
| services market *** | • | 2015 will be the year that Ecommerce | |
| sales in emerging markets outpace | |||
| developed countries. Asia-Pacific will | |||
| have a 33.4% share of global B2C | |||
| Ecommerce market versus 31.7% in North | |||
| America**** | |||
Source: * Internetworldstats.com; ** Statista.com; ***ReportsnReports.com; **** Emarketer.com
"We are extremely excited by the opportunities that our new cutting-edge technology Windrose Global Ecommerce framework brings to the global marketplace." said David Bercovitch, COO of Yappn Corp. "Our ongoing efforts are focused on enabling our customers to generate increased revenues by removing the last major barrier to true global Ecommerce, real-time automated language capabilities. We could not be more pleased to have our first framework rollout with Shopify®, a leader in the world of Ecommerce."
Available in specific individual languages, or in combined language packs, along with online robust client portal features that allows, among other features, customized translation lexicons, industry specific terms, common domain and contextual libraries, management of "do not translate" lists, marketing, social media and customer care features, as well as analytics, the Windrose Shopify® app and Client Portal will enable vendors to create and maintain an ongoing enhanced, respectful customer experience for global online e-tailing.
The WGE Platform & Framework has been developed to seamlessly integrate with the industry's leading online commerce vendors, partner programs, agencies and custom store developers, creating a single platform for major organizations to "plug into", allowing customization for each system for the "last mile" being the technology between WGE and the online store or system. Yappn's focus on framework, rather than individual systems and partners provides a more comprehensive, scalable approach to global integration with companies around the world.
The WGE Platform has advanced language and technology feature sets that create commercially applicable language instances, allowing vendors to offer a single storefront experience in multiple languages with capabilities from first-touch marketing and social communications, customer service, creating an end-to-end enhanced Ecommerce experience. This creates a global experience for both the vendor and customer in an efficient and effective environment, enabling complete scale of all online multi-lingual activities.
For more information, please visit www.windroseglobalecommerce.com or www.yappn.com
To learn more about Why Language Matters to a growing global economy, visit our blog at www.whylanguagematters.com
###
About Yappn
Yappn is a real-time multilingual company that amplifies brand and social messaging, expands online commerce and provides customer support by globalizing these experiences with its proprietary approach to language. Through its real-time multilingual amplification platform, Yappn eliminates the language barrier, allowing the free flow of communications in 67 languages.
Yappn focuses on delivering global reach and efficiencies without the need of human intervention, making the language experience immediate through all phases of Ecommerce, online events and content programming.
Yappn Corp. is publicly traded in the U.S. on the OTCQB — symbol "YPPN" Intertainment Media Inc. (TSXV: INT / OTC: ITMTF / FRA: I4T), a leading technology incubator, has a controlling interest in Yappn Corp.
For more information, please visit http://www.yappn.com or contact:
David Lucatch, Founder and CEO
or
Jeanny So, VP, Corporate Communications
T: 1.800.395.9943 x 228
To be added to the news release distribution list, please email: jeanny@yappn.com with the word "News" on the subject line.
Forward Looking Information
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are "forward-looking statements." Although Yappn Corp.'s management believes that such forward-looking statements are reasonable; it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Report on Form 8-K filed on April 3, 2013 and each subsequently filed Quarterly Report on Form 10-Q and Current Report on Form 8-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.
