The Company wishes everyone a Happy Easter and wants you to know that our App Store framework is completed, but we want to make sure its working correctly and fully stocked with Apps before launching. Our new App software is near completion and we expect to be submitting subscription apps for review very soon along with the another video game app.

Now for some important industry news from appleinsider:

Apple reported its best quarterly revenues ever for the iTunes Store, which brought in nearly $1.4 billion in the first three months of the year.

The company credited its record revenues to sales of music, video, iOS apps and ebooks, noting that Random House was added as the last major book catalog to begin selling in iTunes’ iBooks Store. The publisher added 17,000 ebooks to the collection of titles that now represents more than 2,500 publishers. Apple said customers have downloaded over 100 million books.

A primary driver of iTunes revenues, however, appears to be Apple’s own catalog of iOS apps. The company repeated old numbers that have been previously reported: “over 350,000 apps,” “over 10 billion downloads,” and more than “more than $2 billion in payments to developers since opening the App Store.”

The pace of iOS downloads is ramping up quickly. Last June, Apple’s chief executive Steve Jobs noted that users had downloaded over 5 billion apps and that that the App Store had generated $1 billion in payments to developers. Those figures have both doubled in the last three quarters

Apple also touted its “new subscription service available to all publishers of content based apps, including magazines, newspapers, video, and music,” noting that “Publishers set the price and length of subscription, and customers select a subscription and length they want with one click.”

The initial brouhaha over the terms of Apple’s subscription plans seems to have subsided, with major publishers jumping in to deliver regular new content via iTunes and apps.

A wide variety of in app subscription magazines are now available within iTunes, including Better Homes and Gardens, Ebony, Elle, Maxim, Motor Trend, National Geographic, The New Yorker, Nylon, O, Popular Science, Project, Sports Illustrated and Wired, along with a growing list of newspapers and TV stations

Below is preview graphic of the our App store, the name will be announced at a later date:

Forward-Looking Statements: Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results of the specific items described in this release, and the company’s operations generally, to differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company’s need for additional financing, which is not assured and which may result in dilution of shareholders, the company’s status as a small company with a limited operating history, dependence on third parties and the continuing popularity of the iOS operating system, general market and economic conditions, technical factors, receipt of revenues, and other factors, many of which are beyond the control of the company. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements, and we disclaim any obligation to update information contained in any forward-looking statement.