EmergingGrowth.com Reports On The Value Of A Subscriber To App Co. Focus on Friendable, Inc. Also Terra Tech Corp., Orbital T
May 19 2016 - 8:00AM
InvestorsHub NewsWire
Miami, FL -- May 19, 2016 -- InvestorsHub
NewsWire – EmergingGrowth.com, a leading independent small cap
media portal with an extensive history of providing unparalleled
content for the Emerging Growth markets and companies, reports on
the Value of a User to an App company with focus on Friendable Inc.
(OTC: Pink: FDBL), Also - Terra Tech Corp. (OTCQX:
TRTC), Orbital
Tracking Corp. (OTCQB: TRKK), and Integra Gold Corp. OTCQX:
ICGQF).
Friendable Inc. (OTC Pink:
FDBL)
Friendable Inc. is the mobile-social network
focused on the future, rather than sharing the past, where it's all
about having location specific and nearby opportunities to connect
with others. The Friendable brand represents a friends first
approach and takes all the pressure off for its users, making it
simple to make new connections, create meet up style events or
simply tell others what you are "Friendable for."
On April 19, Friendable, Inc. (OTC
Pink: FDBL) announced that its Friendable app had surpassed the 1
million downloads milestone and in addition, at that time, there
were 708,760 registered users which gave great validation to the
widespread acceptance of the Friendable App and its brand.
This came in just days after the company announced a 558% increase
in new downloads over the previous months of January and February
2016.
FDBL, was contacted by the Kluger
Agency (TKA) who had worked on many successful strategic
relationships with companies like PlentyOfFish.com and Tinder.
Earlier this year, Friendable, Inc. entered into an agreement to
retain TKA to identify and secure relationships with music
celebrities as well as integrate the Friendable App into music
videos with Major A-List recording artists.
As a result, the Friendable app
was featured in the new Jennifer Lopez music video “Ain’t Your
Mama”. You can see the video here: http://emerginggrowth.com/2016/05/06/friendablel-app-featured-in-jennifer-lopez-new-aint-your-mama-video/
In addition to the Friendable App being
exposed to JLo’s 35 million Twitter, 45
million Facebook and 44 million Instagram followers, in the “Ain’t
Your Mama” video, the Friendable name has also been featured along
with JLo's in online articles seen on Page Six, Spin, Yahoo, and
Fox News.
Friendable
has been announcing their explosive download and new user data
following the end of the month and we are excited to see how Jlo
has affected its users to date.
TKA
specializes in working with clients to partner products with
celebrities like Jennifer Lopez, Lady Gaga, Britney
Spears, Flo Rida, Eminem, Christina Aguilera, Alicia Keys, and
Meghan Trainor, elevating brands to unparalleled
results.
Celebrity recording artist Redfoo shot out on
Instagram just a few days ago, “Yea Babies, meet me on Friendable.
Great app for getting ahold of me and the Party Rock Crew” https://www.instagram.com/p/BFWyzA_izMX/
Downloads in the US and Canada are up
substantially and the Friendable App is Climbing. The
Friendable App spiked to the 3rd most downloaded app
against all paid (Apple App Store) social networking apps in
Canada, and 57th in the US.
The
Company has also seen a dramatic increase in its free app user
session times (time spent in app) over previous months and shows a
100% increase internally. Industry standard is approximately 35
seconds on iOS social networking apps. Friendable's current user
base consistently topped 1 minute for the month of May
2016. (Source: Flurry)
As we
see TKA introduce more celebrities to get on the Friendable
bandwagon, we expect the Friendable uses to grow
exponentially.
So, what
is the value of a user?
Here are
some recent examples of valuations placed on other relationship
based platforms and apps.
OKCupid.com
Founded by four students at
Harvard University founded OKCupid.com (Originally TheSpark.com) In
1999. In February 2011, Match.com announced that it had acquired
OKCupid.com for $50 million in cash. At the time, OKCupid had
3.5 million users or a $14.00 per user valuation.
Tinder.com
Tinder app, founded in 2012 was
valued by Merrill Lynch at 1.35 billion in July of 2015 following
the increase in its majority stake by in 2014. This was based
on 50 million users at a $27 per user valuation. However,
Merrill added that this estimate was below the $33 and $42 per user
that Facebook paid for Instagram and WhatsApp
respectively.
Story continued here:
http://emerginggrowth.com/2016/05/18/whats-a-user-worth-focus-on-friendable-inc-otc-pink-fdbl/
Terra Tech Corp. (OTCQX:
TRTC)
Shares of marijuana company, Terra Tech Corp.
(OTCQX: TRTC) were down as much as 10% in the early hours of
trading on May 18, 2016. Within the first hour of trading, nearly
1.8 million shares have changed hands or around $400,000 in dollar
volume.
The declines in Terra Tech Corp. (OTCQX: TRTC)
come after the company reported first quarter earnings last week on
May 12th, that were overall strong. The marijuana
company reportedly generated $1.5 million in revenues during the
first quarter 2016, versus $763,000 in total revenue during the
first quarter in 2015. However, gross margins saw a hefty drop from
29% in Q1 2015 to 9% in Q1 2016. The drop in gross margins was
blamed on higher research and development costs regarding Terra
Tech Corp. (OTCQX: TRTC)’s marijuana concentrate
initiatives.
Story Continued here:
http://emerginggrowth.com/2016/05/18/terra-tech-corp-otc-trtc-sheds-as-much-as-10-in-early-trading/
Orbital Tracking Corp
(OTCQB: TRKK)
With an average dollar volume of only about
$30,000 per day, and a 97% decline over the past 5 months, Orbital
Tracking Corp (OTCQB: TRKK) was quick to get moving on the
announcement of its profitable first quarter for
2016.
Upon the announcement that for the first
quarter ended March 31, 2016, consolidated revenues increased by
62% to approximately $1,295,264 as compared to $799,698 reported
for the quarter ended March 31, 2015.
Comparable revenue increased 35.8% and 204.9%
for the Company’s wholly owned subsidiaries, GTC and Orbital Satcom
Corp., for the three months ended March 30, 2016. Total sales for
GTC were $922,223 for the three months ended March 31, 2016 as
compared to $679,112 for the three months ended March 31, 2015, an
increase of $243,111 or 35.8%. Total sales for Orbital Satcom Corp.
were $367,771 for the three months ended March 31, 2016 as compared
to $120,586 for the three months ended March 31, 2015, an increase
of $247,185 or 205%.
Results in the quarter were driven by the
addition of new international marketplaces, continued growth across
all geographies and the addition of increasing recurring revenue
derived from a 33.1% increase in monthly contract customers versus
the year ago period. Sales in the quarter at the Company’s
third-party e-commerce sites increased by 63.5% in the UK, by 21.4%
in the EU and by 5.0% in the US.
Net income for the quarter ended March 31,
2016 was approximately $59,946 as compared to a net loss of
approximately $421,982 in the comparable quarter of 2015.
Comprehensive income was $61,985 for the quarter, as the Company
recorded a gain for foreign currency translation adjustments for
the three months ended March 31, 2016 of $2,039, as compared to a
comprehensive loss of $422,466, for the three months ended March
31, 2015.
Orbital’s stock traded up 63% on about $75,000
in dollar volume on the announcement with follow up on Tuesday to
the tune of 244% gains on just under $2 million in dollar
volume.
Story continued here:
http://emerginggrowth.com/2016/05/18/after-a-five-month-97-decline-orbital-tracking-corp-otcqb-trkk-sees-the-light-at-the-end-of-the-tunnel/
Integra Gold Corp. (OTCQX:
ICGQF)
Integra Gold Corp. (OTCQX: ICGQF) is seeing
heavy volume in the first hour of trading on May 18th,
pushing shares lower by nearly 5%. Around 420,000 shares have
exchanged hands early today, or around $235,000 in dollar
volume.
The junior gold exploring and mining company
mostly operates in Canada through the Lamaque Gold Project and
Triangle, where Integra Gold Corp. (OTCQX: ICGQF) has five active
drills. The gold company released an update on May 12, 2016 shows
the company is continuing to find massive deposits as the drilling
phase progresses. Integra Gold Corp. (OTCQX: ICGQF) began drilling
on the Triangle and Lamaque Gold Project in September 2015. The
following is a summary of the exploration results recently
announced:
2015/2016 Exploration
Summary
A total of 93,592 m in 203 drill holes was
completed at Lamaque in 2015 of which 59,753 m in 104 drill holes
was conducted at Triangle. In 2016 a total of 65,000 m in 159 drill
holes have thus far been completed at Lamaque South. Drilling is
ongoing at Lamaque with 5 drill rigs currently in
operation.
Story continued here:
http://emerginggrowth.com/2016/05/18/shares-of-integra-gold-corp-otcqx-icgqf-fall-5-on-heavy-volume-in-early-trading/
Emerging
Growth has launched a new page dedicated to Caveat Emptor
Status. You can view it here:
http://emerginggrowth.com/caveat-emptor-status-changes/
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