Warp 9 Comments on Ulmart's Plan for Billion Dollar IPO

SANTA BARBARA, CA--(Marketwired - Feb 11, 2015) - Warp 9, Inc. (OTCQB: WNYN), a leading provider of mobile and digital commerce solutions for midsize online sellers, commented today on Ulmart's recent announcement to file for a billion dollar IPO (http://www.ulmart.ru/).

Ulmart, a large Russian online retailer described in a recent CNBC story, is expected to file for an IPO towards the end of 2015 or early 2016. This highly anticipated IPO would join other major public eCommerce retailers such as Alibaba, as eCommerce, mobile commerce, and mobile payments continue to be thrust into the spotlight of global markets.

Ulmart originally announced to go public in March of last year, based on a valuation of up to $3 billion. The challenging international political climate following the Ukrainian crisis caused Ulmart to delay the IPO. However, Ulmart has now consolidated its leading position in the growing Russian e-commerce market, and now presents an attractive opportunity for potential investors. Ulmart's revenues reached $1.3 billion in 2014 (not including VAT), up 50 percent from the previous year, according to preliminary company estimates.

"The recent success and continued growth of Ulmart and other major online retailers further underscores Warp 9's opportunity in the market," said Andrew Van Noy, CEO of Warp 9. "As these online sellers and their smaller counterparts grow, it will only increase the need for solutions providers and development services to support and sustain their businesses. We believe that Warp 9 has the ability to scale to meet the demands of this growing industry."

Mr. Van Noy concluded, "To quickly capitalize on the growing e-commerce market, Warp 9 has committed to a growth by acquisition strategy. We intend to acquire profitable small to medium sized e-commerce providers and consolidate them into a large digital commerce solutions enterprise. I believe that the market is ripe for our strategy."

About Warp 9

Since 1998, Warp 9, Inc. is a leading provider of mobile and digital commerce solutions for midsize online sellers. Offering fully managed Software-as-a-Service desktop and mobile e-commerce technology, Warp 9 allows customers to focus on their core online businesses, rather than on technical implementations. To learn more about Warp 9, please visit www.warp9inc.com or on Twitter at www.twitter.com/warp9inc, or on Facebook at www.facebook.com/warp9inc.

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