8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (date of earliest event reported):  May 17, 2012

MACROSOLVE, INC.

(Exact name of registrant as specified in its charter)

Oklahoma	333-150332	73-1518725
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1717 South Boulder Ave. Suite 700, Tulsa, Oklahoma 74119

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (918) 280-8693

Copy of correspondence to:

Gregory Sichenzia, Esq.

James M. Turner, Esq.

Sichenzia Ross Friedman Ference LLP

61 Broadway, 32nd Floor

New York, New York 10006

Tel:  (212) 930-9700   Fax:  (212) 930-9725

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

1

ITEM 7.01                      Regulation FD Disclosure.

On May 17, 2012, MacroSolve, Inc. (the “Company”), issued a press release announcing an open letter to the shareholders of the Company, which shareholder letter was posted on the Company’s website.  A copy of the press release and shareholder letter that discusses these matters are filed respectively as Exhibits 99.01 and 99.02, to, and incorporated by reference in, this report.

The information in Item 7.01 of this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section.  The information in Item 7.01 of this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.

ITEM 9.01                      Financial Statements and Exhibits.

(d)           Exhibits.

99.01 Press Release, dated May 17, 2012, issued by MacroSolve, Inc.

99.02 Letter to Shareholders, dated May 17, 2012

2

SIGNATURE

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	MACROSOLVE, INC.
Date:  May 17, 2012	By:	/s/ STEVE SIGNOFF
		Steve Signoff
		Chief Executive Officer

3

EX-99.01

Exhibit 99.01

MacroSolve Issues Letter to Shareholders

TULSA, Okla., May 17, 2012 –  MacroSolve, Inc., doing business as Illume Mobile (OTCPK: MCVE) (OTCQB: MCVE) (“MacroSolve,” “Illume Mobile” or the “Company”), a leading provider of mobile technologies, apps, and solutions for business, today announced it has issued a Letter to Shareholders.

Shareholders and prospective investors may view the letter in full on the Investors Page at www.illumemobile.com/investors/.

The letter provides updates on significant developments at the Company including:

●   Revenues increased 635% to $853,000 from $116,000 in the same period of fiscal year 2011.

●   $255,000 backlog expected to be completed in Q2 for custom mobile app solution services.

●   Gross profit increased 622% to $498,000 from $69,000 in Q1 of fiscal year 2011.

●   Use of cash decreased 25% to $370,000 from $496,000 in Q4 of the fiscal year 2011

●   Direct sales presence has expanded to New York City, Atlanta, Dallas, and Houston to address the increasing demand for our mobile applications.

●   Signed several new strategic distribution agreements, including RockSauce Studios, Source Data Corporation, Tabbedout and Industry Analyst, Inc.

●   Continued positive results from our relationship with Click Here with the release of the T.G.I. Friday’s mobile app.

●   Positive coverage in nationally known media, including The Boston Globe, Fox Business, Mobile Marketer, and The Daily Caller.

●   Have filed patent claims against more than 60 defendants to date.

About MacroSolve

MacroSolve, Inc., doing business as Illume Mobile, is a pioneer in delivering mobile apps, technologies, and solutions. Leveraging its intellectual property portfolio, MacroSolve enforces its landmark patent while providing mobile app products and services under the name Illume Mobile. MacroSolve is positioned to become a leader in the mobile app development services space, which is projected to become a $100 billion market in 2015 according to Research2Guidance. For more information, visit Illume Mobile at www.illumemobile.com.

Safe Harbor Statement

This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

Company Contact

Illume Mobile

info@illumemobile.com

Investor Contact

Laurel Moody

(646) 810-0608

lmoody@corporateprofile.com

Media Contact

Kedzie Schotters

(212) 431-1470

kedzie@publicnewyorkcity.com

EX-99.02

Exhibit 99.02

To:	The Shareholders of MacroSolve, Inc. (“MacroSolve”)
From:	The Board of Directors of MacroSolve
Subject:	Business Update
Date:	May 17, 2012

Introduction

Q1 of fiscal 2012 has been one of growth for MacroSolve and we remain grateful to our loyal shareholder base for their ongoing support. This update is meant to summarize some of the important events that have taken place since Q4 of 2011 and outlines some of our plans for continued expansion and growth. We are pleased to report significant progress on our execution strategy for revenue generation both through our patent monetization efforts, and through the development of our sales and distribution channels for MacroSolve’s mobile app solutions built around our landmark mobile app patent.

Overview of Financial Results

We recently released results for Q1 of fiscal 2012, which marked our 5th consecutive quarter of top-line revenue growth. Additional highlights include:

●   Revenues increased 635% to $853,000 from $116,000 in the same period of fiscal year 2011;

●   $255,000 backlog expected to be completed in Q2 for custom mobile app solution services;

●   Revenues grew by 13% on a quarter-over-quarter basis from $757,000 in Q4 of 2011;

●   Gross profit increased 622% to $498,000 from $69,000 in Q1 of fiscal year 2011;

●   Use of cash decreased 25% to $370,000 from $496,000 in Q4 of the fiscal year 2011; and

●   MacroSolve’s distribution network supported growth in new sales of software products and solution services.

In the three months ending on March 31, 2012, operating expenses increased 99% to $1,084,000 from $546,000 in the same period of fiscal year 2011. This increase was driven by a rise in investments in growth via salaries, marketing, and public relations expenses in support of higher revenues, as well as depreciation and amortization expenses. The resulting loss from operations was $586,000 in the first quarter of fiscal 2012, up 23% over operating loss of $477,000 in the first quarter of fiscal 2011.

Net loss for the three months ended March 31, 2012 was ($705,000) or $(0.01) per share, as compared to a net loss of $(507,000) or $(0.01) in the three months ended March 31, 2011, an increase of $198,000 or 39%. The rise was primarily due to increasing MacroSolve’s workforce by 24 employees in support of future growth.

1717 S Boulder Ave     Suite 700     Tulsa OK     74119
800.401.8740     www.illumemobile.com

1

Notable Announcements

Growth

In addition to our Tulsa base, we have expanded our direct sales presence to New York City, Atlanta, Dallas, and Houston in order to address the increasing demand for our mobile applications.

In January, we launched Illume Mobile, the go-to market brand of MacroSolve. While MacroSolve continues to serve as our legal identity, Illume Mobile will act as the outward-facing label and brand for building apps, promoting products, and selling services.

In support of our indirect channel tactics, we have succeeded in signing new, strategic distribution agreements. Notable examples include:

●   RockSauce Studios – a mobile design studio located in Austin, Texas;

●   Source Data Corporation – a global provider of IT supplies, hardware, software, as well as the staffing needed for integration and implementation;

●   Tabbedout – creator of a mobile payment solution that enables customers to open, view and pay their bar or restaurant tab with their phone; and

●   Industry Analyst, Inc. – a national provider of custom testing and market research for the office equipment and production print industries.

Finally, due to an increase in quality media coverage through the month of April, we have been able to further establish our industry presence through effective placements with Mobile Marketer, The Daily Caller and The Boston Globe. We also have been mentioned on Fox Business, represented by investor and advocate Donald Trump Jr., who is scheduled to appear on Bloomberg later in May.

Products

With the increasing concern for personal safety on college campuses, our GuardianSentral™ product has garnered significant interest in the higher education sector. Northeastern State University launched the app for all three of its campuses this year in the first quarter.

In addition, as part of our marketing partnership with Click Here (the digital division of The Richards Group, the nation’s largest independent branding agency), we collaborated on the recently launched T.G.I. Friday’s mobile app, which is active in supporting 600 locations across the United States. We have partnered with Tabbedout, creator of a mobile payment solution. The functionality of this particular app greatly enhances our DineSentral™ branded mobile app product.

1717 S Boulder Ave     Suite 700     Tulsa OK     74119
800.401.8740     www.illumemobile.com

2

Patent Update

On May 1, 2012, The Daily Caller published an Op-Ed by Donald Trump Jr. entitled “Defending Innovation in America.” The piece supported the protection of patents and applauded innovators like MacroSolve for securing its intellectual property. Read the full Daily Caller editorial at http://thedc.com/KCLWq5.

On May 8th, 2012, Donald Trump Jr. was featured on Fox Business' ‘Markets Now’ segment with Cheryl Casone and Dennis Kneale discussing the world of business apps and the defense of innovation (through the context of software patent litigation) in the United States. In the segment, Donald Trump Jr. and Fox highlighted the importance of utilizing mobile technologies for businesses today. Watch the full segment on Fox Business on-line at http://bit.ly/J4VlXd.

With claims filed against more than 60 defendants to date, we ended the quarter as party to 19 legal proceedings we initiated in the United States District Court Eastern District of Texas against 34 alleged infringers of our United States Patent #7,822,816. A summary of the legal proceedings can be found in our latest Form 10-Q Quarterly Report at www.sec.gov.

In closing, we would like to express our sincere appreciation for the ongoing support of our shareholders and remain committed to do our very best to deliver an attractive return on your investment.

Yours very truly, The Board of Directors of MacroSolve, Inc.

Howard Janzen, Chairman

1717 S Boulder Ave     Suite 700     Tulsa OK     74119
800.401.8740     www.illumemobile.com

3