Blast Applications, Inc. Receives $10,000,000 Reserve Equity Financing From AGS Capital Group

PLAINVIEW, NY--(Marketwired - Aug 13, 2013) - Blast Applications, Inc. (PINKSHEETS: BLAP) confirms it has now received a $10,000,000 Reserve Equity Financing Facility from AGS Capital Group, LLC, a US based private investment fund, subject to such financing being registered with the Securities and Exchange Commission as well as other conditions. http://www.blastapplications.com/news

The REF is a long term strategic financing partnership that places Blast Applications, Inc. in control of how and when we raise equity, minimizing any potential dilution or disruption to our capital structure. Having AGS Capital Group as a long-term partner reduces financing uncertainty so we can better focus on achieving our business objectives.

"Allen Silberstein has a great reputation in the industry and the Reserve Equity Financing is a company friendly structure to enable our growth and finance our current business plan." stated Chief Executive Officer, Dino Luzzi.

"Dino Luzzi is a man who achieves goals and has a long term vision to create shareholder value. I look forward to partnering with him as he grows the company," says Allen Silberstein, Chief Investment Officer of AGS Capital Group, LLC.

About Blast Applications, Inc.

Blast Applications, Inc. is a marketer and developer of applications for Android, iPhone^®, Twitter^®, Facebook^® and Nokia with unique opportunity to monetize the web surfer's dedication to social media sites through direct advertising programs tied to the Company's tools, applications and websites. www.blastapplications.com.

About AGS Capital Group, LLC

AGS Capital Group, LLC provides flexible equity and debt financing solutions for growth-stage and small cap public companies. AGS Capital Group, LLC invests in public companies around the world listed on most exchanges. AGS Capital Group, LLC performs fundamental analysis including credit risk, technical analysis of market trends and industry, evaluation of management team experience and corporate structure evaluation. Additional information may be found at www.agscapitalgroup.com

Forward Looking Statements
This release contains "forward-looking statements" and information provided by Blast Applications, Inc., such as online, printed documents, publications or information available via Blast Applications, Inc's website. It may contain certain forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause Blast Applications Inc.'s results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may also include plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing.