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Market: OTCBB
Sector: Media
EPIC: AUGT
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Augme Technologies
augme.com

Augme Technologies is a technology and services company engaged in interactive marketing platforms that enable marketers and advertising agencies to integrate brands, promotions, video and other digital content through the Internet and mobile communications.

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Augume Technologies more than doubles second quarter revenues

7th Sep 2010, 6:34 pm
Augume Technologies more than doubles second quarter revenues

Augme Technologies (“Augme”) (OTCBB: AUGT), developer and provider of patented smart mobile technology based in New-York, announced that it expects to report revenues in excess of $600,000 for the second quarter compared to $286,323 in the first quarter.   The increase was mainly due to increased demand for the company`s AD LIFE interactive mobile marketing services.  


During the past month, the company received commitments for its AD LIFE services valued at more than $2 million. 


Augme also provided an update for its lawsuit against Yahoo! Inc.  On November 16, 2009, Augment sued Yahoo! for infringing on its patents related to methods and systems for delivery of selected content from a network to a web page visitor. 

Under the order of the court, managements from both parties met for settlement talks on July 28, 2010.  Details could not be disclosed due to confidentiality requirements.   

The case is still pending in the United States District Court for the Northern District of California. 


Augme’s stock retreated 1.4% to trade at $1.38.


Augme’s technologies enable marketers and agencies to integrate brands, promotions, video and other digital content through the Internet and mobile devices.  The company currently owns three patents and has one patent awaiting issuance.  Augme also owns four trademarks protecting the names of its products.

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