As previously announced, our plans to release rental based apps, similar to the Netflix app, have now been realized.

Today Apple approved our first rental based app as an update to “Create Inner Peace: Self-Hypnosis Relaxation” by Glenn Harrold. This app offers free content for customers to try, and also the ability to rent premium content for 30 days.

“Creating Inner Peace” is a superb high quality self-hypnosis relaxation recording by the UK’s best selling self-help audio author Glenn Harrold that will help you overcome stress and anxiety, sleep well and feel much more relaxed in your every day life.

Glenn is one of the world’s most successful hypnotherapists. His CDs and MP3 downloads have sold over 1,000,000 and he is a published author with 7 self-help books to his name.

The Company believes this new media rental model will help generate more revenue from existing apps and open a significant new sales channel that will augment our auto-recurring subscriptions and the standard one-off app sales.

We plan on updating many of our popular existing apps with the rental option. Some of our apps have tens of thousands of installed users, and any update will instantly offer new rental content these large customer bases.

Some planned i-Mobilize rental apps will contain hundreds if not thousands of media titles similar to Amazons Kindle and the Netflix movie app. We have several new apps from new and existing clients under review and we expect them to be released very soon.

Recent Company Events:
101% Year over Year Revenue Growth (2010 Q2 to 2011 Q2)
Company is profitable
New Subscription App for Sale on iTunes with more in Review.
New Rental Apps in Review, one on sale now.
800,000+ downloads of Apps, daily downloads up 5% in last month
2.3M iAd impressions served with 30,000+ requests a day.
560k+ total App sales according to Appfigures
1250+ Apps developed, 1000 on sale in iTunes and other platforms
2 New Video Game Apps released, more in development
Android/Roku Apps released with partner Mediafly App Store beta release (200+apps and growing)
New Content Deals signed and announced
16 Eckhart Tolle TV Apps released (#1 Best-Selling Author in Oprahs Book Club)
Glenn Harrold apps released best-selling Self-Help Author/Hypnotist in UK, his apps ranked in top 200 worldwide.
Less than 1% return/refund rate
Facebook App store announced and in development
Netflix type apps in development
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