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2014-04-04

InvestmentPitch: Taglich Brothers Initiates Coverage on Single Touch Systems (OTCQB:SITO) with Speculative Buy Recommendation - Video Research Alert on Investm

Vancouver, BC, April 4, 2014 - New York-based investment firm Taglich Brothers
has initiated coverage on Single Touch Systems (OTCQB:SITO). Analyst Juan
Noble gives the company a speculative buy rating, and a 12 month price target
of $0.70, a premium of 79% to the $0.39 price on March 25th, the day the
report was issued.

InvestmentPitch.com has produced a "video research alert" about Single Touch
based on this report. If this link is not enabled, please
visitwww.InvestmentPitch.comand enter "Single Touch" in the search box.

Through its proprietary suite of mobile solutions, Single Touch helps its
retail and advertising clients engage with customers via their wireless
devices. Their FollowMe mobile technology targets consumers based on their
precise location by placing "geo-fences" a virtual perimeter within a radius
of a store or point location. The company's short message service enables
retailers to send targeted mobile coupons and transactional messages based on
a shopper's past purchase behaviors, making the content relevant and timely
to a shopper.

The bulk of the company's revenue for 2013 comes from notifications sent for a
single client, Walmart and its affiliates. On March 31st, the company
announced that through its channel partner, AT&T, it had signed RadioShack
for its FollowMe service. RadioShack will use the technology to deliver ads
at 30 of its newly renovated feature stores.

James Orsini, president and CEO stated, "We are excited that our mobile ad
tech product will be used by RadioShack as
they continue their re-branding efforts that began earlier this year.
FollowMe revenue growth - the fastest growing portion of our revenue mix - is
evidence that we are well positioned to capitalize on the growing mobile
advertising market as marketers begin to shift more of their ad budgets
toward mobile.
"

The company has experienced double digit revenue growth over the past four
years, including the first quarter of fiscal 2014 ended December 31, 2013,
with revenues increasing to $2.9 million, a 49% increase over the same period
of the prior year.

The company's intellectual property assets include 49 patents and
applications, with 19 issued patents and 30 more pending. Having delivered
Letters of Notification to some of the largest technology and media companies
in the world, Single Touch has the opportunity to generate licensing and
patent settlement revenues. The company recently announced its first patent
monetization event through a settlement agreement consisting of an up-front
cash payment, and cross licensing agreement with a mobile technology company.

eMarketer projected US mobile advertising spending to reach close to $15
billion in 2014, up 56% from $9.6 billion in 2013.

The company currently trades at $0.39, well below the $0.70 target price, and
with 142.8 million shares outstanding, the company is capitalized at $56
million. For more information on Single Touch's different products, please
visit the company's websitewww.singletouch.net.

Investor relations is handled by Robert Haag of Hampton Growth Resources, who
can be reached at 877-368-3566 or by email atsito@hamptongrowth.com.

For more information about Taglich Brothers or to obtain a copy of their
extensive research report, please visit the company's
websitewww.taglichbrothers.comor call Richard Oh at 631-757-1500.

About InvestmentPitch

InvestmentPitch.com, a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals, specializes in
producing corporate interviews and three minute videos based on news releases
and research reports. Please visit InvestmentPitch.com and browse our
extensive library of investment videos.

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: InvestmentPitch via Globenewswire

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