ITNS CEO Update Letter to Shareholders
IRVINE, CA -- (Marketwire) -- 06/29/12 -- Itonis, Inc. (PINKSHEETS: ITNS) today issued the following letter to its shareholders:
This is to catch you up on a couple of events since my last update on March 15, 2012.
Our audit has proven to be a very time-consuming endeavor, yet I am pleased to say that our auditors are now projecting an early July completion date. As previously communicated, the audit is an important step to realizing the goal of becoming fully reporting under SEC requirements. I sincerely appreciate your patience with this process, and trust that you recognize that it is an involved process not entirely within our managerial control.
I previously related our efforts to launch our AppRocket project and its www.approcket.com website. I am pleased to announce that we will definitely launch AppRocket by no later than July 5, 2012. AppRocket will be a web portal with access to a vast directory of apps for PC and Mac operating systems, as well as to consumer technology news and reviews. The website will also market AppRocket-developed proprietary mobile apps for Androids and iPhones, which are expected to be released this Summer 2012.
We began developing the AppRocket concept last year in anticipation of growing demands for PC and Mac apps. AppRocket's app directory and mobile apps in development are a focal point of the website, but it will also create a community for technology enthusiasts through news and reviews.
Please stay tuned as I expect that I will have further news to you upon the completion of our audit and the launch of AppRocket. Our executive team is working hard to bring substantial value to our Shareholders. Thank you again for your continued support of our Company.
CEO / President
About Itonis, Inc.
Itonis, Inc. (the "Company") was incorporated in the state of Nevada on July 5, 2005 under the name of Kenshou, Inc. Subsequently, its name was changed to its present name, Itonis, Inc., on December 2, 2005. For more information visit www.itonisholdings.com.
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
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