macrosolve inc (MCVE) Snapshot

MacroSolve, Inc. announced it has expanded its service offerings for the benefit of small and medium sized mobile solutions companies. The company's business advisory services began building its client portfolio in the fiscal year 2012, managing select mobile app ventures. In these engagements, the value of the '816' patent for the developer, app development platform, app marketer or app store increased with broader access to the market. With the launch of the new Patent Access Services offering, deals can be structured for smaller companies seeking protection and enforcement expertise. Also, for qualified companies serving app developers, MacroSolve's '816' patent may now be licensed on a transaction basis, tailored to their client's business model, creating a passive revenue stream and a new value added service.

Macrosolve, Inc. announced financial results for the first quarter ended March 31, 2013. For the quarter, the company’s net revenues were $666,098 compared to $699,232 for the same period in 2011, 5% decrease, is attributable to fluctuations inherent to the nature of legal proceedings. Income from continuing operations before income taxes was $218,149 compared to loss from continuing operations before income taxes $6,224 for the same period in 2011. Net income from continuing operations was $218,149 against loss from continuing operations of $6,224 for the same period in the last year. Net income allocable to common stockholders was $218,149 or $0.001 per basic and diluted share compared to net loss allocable to common stockholders of $705,030 or $0.001 per basic and diluted share for the same period in 2011.

Macrosolve, Inc. announced the finalization of the agreement with MEDL Mobile Holdings, Inc. Seeking to provide the benefits of its intellectual property to mobile app developers, MacroSolve has finalized its agreement with MEDL Mobile to bring forth a program that offers access to MacroSolve's U.S. Patent 7,822,816 to thousands of app developers. MEDL Mobile has the right to grant a license of the patent to its clients on a 'per install' basis. MacroSolve will benefit by receiving a percentage of the passive revenues which are subject to MEDL achieving minimum performance goals.