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NetworkNewsBreaks – Inventergy Global, Inc. (NASDAQ: INVT) Inks LOI with Approach Me, Inc.; Shares Higher

Company: Inventergy Global, Inc. (INVT)
Category: Stock Spotlights

Inventergy Global (NASDAQ: INVT) shares are higher this morning on news that the company’s technology licensing subsidiary, Inventergy Innovations LLC, has entered into a letter of intent with Approach Me, Inc., a company that develops location-based mobile applications. Per the agreement, Inventergy will obtain commercialization rights to Approach Me’s technology. Research and Markets, a market research firm, estimates the annual global market for location-based services to reach $34.8 billion by 2020, growing at over 22 percent annually. “Location-based mobile applications and services are high growth markets and we are excited to partner with Approach Me to monetize its unique innovations. Approach Me’s technology adds new dimensionality and security to enable mobile app users’ enhanced location-based capabilities in solving the deficiencies of conventional map-based navigation systems,” Inventergy CEO Joe Beyers stated in the news release.

To view the full press release, visit: http://nnw.fm/1dadU

About Inventergy Global, Inc.

Inventergy Global, Inc. is a Silicon Valley-based intellectual property company dedicated to identifying, acquiring and licensing patented technologies of market-significant technology leaders. Led by IP industry pioneer and veteran Joe Beyers, the company leverages decades of corporate experience, market and technology expertise, and industry connections to assist Fortune 500 and other technology companies in leveraging the value of their innovations to achieve greater returns. For more information about Inventergy, visit www.inventergy.com.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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