In case you didn't know, there's an alarm clock app for Android also named Timely. Interestingly, it has a similar method of doing time selection as your app - touch and drag to select the time on a line. Here's a link to the Android app's author's website: http://www.bitspin.ch/
And an iOS app I wrote back in 2008. It's defunct now, but these guys were aware of it when it was still a going concern, and used the name anyway.