SEATTLE--(BUSINESS WIRE)--Spectral Capital Corporation, (FWB:F3SN) (OTCBB:FCCN)
Over the course of this year significant progress has been made in the development of Spectral's portfolio companies making Spectral well positioned for take advantage of tech's market expansion. Spectral's investment portfolio represents Mobile Search, Data Analysis / Big Data and Mobile Applications, industry hot beds of growth and robust M&A activities that are expected to continue through the foreseeable future. The teams we have under the Spectral umbrella have delivered on the goals we have set, on time and within budget, and to the highest quality. We have high expectations for success to continue to prosper and grow for each of our enterprises. Today, I would like to take this opportunity to share with you some accomplishments year-to-date as well as our targets for the remainder of 2014.
Monitr, our newest acquisition and we believe our most ambitious project yet, is a financial data services company. Currently in the product development stage, Monitr's technology combines big data, machine learning and predictive analytics. The service will provide finance professionals, developers, researchers and investors with new tools and data to improve their understanding of past, current and possible future market conditions and behaviors. More information will be communicated later in the second quarter and beta launch is expected in late third quarter.
Noot is a mobile search company that went from concept to market in less than one year. The team successfully launched apps for Apple iOS and Android devices, including tablets, gaining access to over 90% of mobile users. The Noot app is a fast, easy to use news service that combines search and learning technology to deliver a truly personalized experience. Noot's search technology is highly differentiated, as it extensively utilizes the mobile device it is installed on and reduces the need for centralized processing and storage - providing enormous economies of scale and minimal capital expense as the user base expands.
Kontexto, a data analytics company, turned its first profit in 2013 and expects to increase its revenues over the course of 2014. Their flagship product Publishflow(R) continues to increase its market share and revenue base. Kontexto also delivered custom product and analytic services alongside partners in the global Healthcare and Education marketplaces.
We expect that our current and future planned initiatives will increase Spectral's value and asset base and benefit our shareholders. We are pleased with the developments so far and aim to continue to foster more growth and development over the coming months. We are also reviewing new candidates for future acquisitions and will be announcing any developments should they occur.
Spectral Capital Corporation
Spectral is a startup accelerator that acquires and partners with firms that specialize in technology development in Data Analytics/Big Data, Search Technology and Mobile Applications. Spectral fosters success by creating an environment that spurs growth and development for each entity while guiding business models that will generate profits over the near term. Spectral provides a way for investors to participate in the side of tech normally available exclusively to industry insiders.
PRESS RELEASE FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; competitive factors in the market(s) in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.