CAMPBELL, CA--(NewMediaWire - Oct 20, 2016) - Friendable,
Inc. (OTC PINK: FDBL) today announced additional details
related to its investment in Hang W/, Inc. and the acquisition of a
royalty free technology license by the company.
Friendable's strategic investment in Hang W/, Inc. has not only
resulted in its equity ownership, but a significant advancement in
technology that will further diversify its product offering and
revenue opportunities. The strategy is twofold, whereby Friendable
will integrate their new live streaming video technology into its
existing app as well as extending the technology into an entirely
new product offering.
Up until now, Friendable has been solely focused on acquiring
users, building engagement and generating the activity required to
kick off revenue through the sales of location based advertising.
The company believes the addition of live streaming video will
propel Friendable into the future with a diversified and
stand-alone product offering, as well as a dynamic feature addition
to its current Friendable app.
"We are now more excited than ever for the future of Friendable,
Inc. as our continued efforts to acquire users through various
marketing methods are paying off on several fronts. Sometimes
understanding that everything is a test is often one of the
toughest things to contend with when building a business in this
fast paced mobile app marketplace. Fortunately, we have captured
what we believe to be the necessary data, user feedback and
promotional metrics that will drive our success as we enter this
next phase of our growth," stated Friendable, Inc. CEO Robert A.
Rositano Jr.
"Our strategy is one of diversification as we look ahead to 2017
and with the addition of live streaming video we are now able to
leverage our existing relationships with major A-list celebrities,
which have been cultivated over the past six months for an entirely
new app that will focus on an artist's fan base to provide a new
and unique experience to their global audience, because most fans
can't always be there in person. Additionally, our phase two
integration of live video to our existing user base of Friendable
app users will provide a feature upgrade that brings the level of
social interaction to a whole new level. Stay tuned for additional
details in the weeks to come," concluded Robert A. Rositano Jr.,
CEO Friendable, Inc.
About Friendable:
Friendable, Inc. is the mobile-social network focused on the
future, rather than sharing the past. It is 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 its users, making it simple to create
new connections, create meet up style events, or simply tell others
what you are "Friendable" for. Based upon shared interests and
locations, users can engage with what makes sense for them.
Increased user interactions will allow Friendable to offer
advertising and sponsorship opportunities to local
venues/businesses and begin to generate revenue by providing these
venues with location specific opportunities to reach potential
customers when it matters most. As of April September 2016,
Friendable has exceeded one million total downloads since the
Company's inception and launch of the app in June 2013 under its
previous brand name.
For more information about Friendable, Inc. please
visit: www.Friendable.com
For Additional Investor Information and to Receive Company
Updates: http://www.friendable.com/fdbloptin
Visit our social media properties at: Facebook: http://facebook.com/friendable
Twitter: https://twitter.com/friendableapp
Instagram: https://www.instagram.com/friendableapp/
Cautionary Language Concerning Forward-Looking
Statements: This press release contains
forward-looking statements. The words or phrases "would be," "will
allow," "intends to," "will likely result," "are expected to,"
"will continue," "is anticipated," "estimate," "project," or
similar expressions are intended to identify "forward-looking
statements." Actual results could differ materially from those
projected by Friendable, Inc. The iTunes rankings should not be
construed as an indication in any way whatsoever of the future
value of the Friendable's common stock or its present or future
financial condition. The public filings of Friendable, Inc. made
with the Securities and Exchange Commission may be accessed at the
SEC's Edgar system at www.sec.gov. Statements made herein are as of
the date of this press release and should not be relied upon as of
any subsequent date. Friendable, Inc. cautions readers not to place
reliance on such statements. Unless otherwise required by
applicable law, Friendable, Inc. does not undertake, and
Friendable, Inc. specifically disclaims any obligation, to update
any forward-looking statements to reflect occurrences,
developments, unanticipated events or circumstances after the date
of such statement.