Medialets is a New Ad Network for the iPhone

Over 1 billion iPhone apps have been downloaded to date. As a result, many new companies have emerged to cash in on Apple’s vibrant platform.

The latest start-up to focus on helping iPhone game and app developers monetize is Medialets, which offers an ad network and analytics for iPhone apps. Like other companies, such as Greystripe, Admob, and Mobclix, Medialets is hoping to build a large chunk of its business by focusing on the iPhone.

Unlike Greystripe, however, the New York-based Medialets is not

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