Paltalk, Inc. Announces Upgrade Release of ManyCam Version 8.0
June 17 2022 - 8:30AM
via NewMediaWire – Paltalk, Inc. (“Paltalk,” the “Company,” “we,”
“our” or “us”) (Nasdaq: PALT), a leading communications software
innovator that powers multimedia social applications, is pleased to
announce the release of the Windows version of ManyCam 8.0, an
upgrade to its recently acquired asset.
ManyCam is a live streaming software and virtual camera that
allows users to deliver professional live videos on streaming
platforms, video conferencing apps and distance learning tools.
Jason Katz, Chairman and CEO of Paltalk, commented, “We are very
excited that within days of acquiring the ManyCam asset, we have
been able to launch ManyCam version 8.0. ManyCam version 8.0 offers
quicker access, dark and light modes and overall rendering
performance improvement for high resolution users as well as
improved quality and performance with regard to virtual
backgrounds. Users can now access a library of virtual backgrounds
and playlists which we expect will help make the product more
desirable and a better complement for Paltalk and Camfrog, which is
a priority on our roadmap. Our team now plans to actively promote
and cross-market ManyCam version 8.0 to our Paltalk and Camfrog
communities.”
Visit https://manycam.com or https://www.paltalk.com for
subscription information.
ManyCam version 8.0 has many improvements over the prior
versions of ManyCam including:
● New and improved user interface
● Added dark and light modes
● Overall rendering performance improved
greatly for high resolutions
● Improved virtual backgrounds
● Added ability to apply blur to image
backgrounds
● Added downloadable library of virtual
backgrounds
● Improved performance and quality of
virtual background model
● Customizable titles and subtitles
● Changeable fonts, colors and sizes
● Titles are now resizable and movable
ABOUT PALTALK, INC. (Nasdaq: PALT)
Paltalk, Inc. is a communications software innovator that powers
multimedia social applications. Our product portfolio includes
Paltalk and Camfrog, which together host one of the world’s largest
collections of video-based communities. Our other products include
ManyCam, Tinychat and Vumber. The Company has an over 20-year
history of technology innovation and holds 14 patents. For more
information, please visit: Error! Hyperlink reference not
valid.www.paltalk.com.
To be added to our news distribution list, please visit:
http://www.paltalk.com/investor-alerts/.
FORWARD-LOOKING STATEMENTS:
This press release contains "forward-looking statements." Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential," or similar
words. Forward-looking statements are not guarantees of
future performance, are based on certain assumptions and are
subject to various known and unknown risks and uncertainties, many
of which are beyond the Company's control, and cannot be predicted
or quantified and consequently, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Such risks and uncertainties include, without
limitation, the Company’s ability to improve, market and promote
the ManyCam software; the willingness of new and existing users to
pay for the ManyCam software; the amount and timing of stock
repurchases, if any, under the Company’s stock repurchase plan and
our ability to enhance stockholder value through such plan; the
Company’s ability to retain the listing of its common stock on The
Nasdaq Capital Market; the impact of the COVID-19 pandemic on our
results of operations and our business; our ability to effectively
market and generate revenue from our applications; our ability to
release new applications or improve upon or add features to
existing applications on schedule or at all; risks and
uncertainties related to our increasing focus on the use of new and
novel technologies to enhance our applications, and our ability to
timely complete development of applications using new technologies;
our ability to effectively secure new software development and
licensing customers; our ability to protect our intellectual
property rights; the use of the internet and privacy and
protection of user data; risks related to our holdings of digital
tokens, including risks related to the volatility of the trading
price of digital tokens and our ability to convert digital tokens
into fiat currency; and our ability to manage our partnerships and
strategic alliances. More detailed information about the Company
and the risk factors that may affect the realization of
forward-looking statements is set forth in the Company's filings
with the Securities and Exchange Commission ("SEC"), including the
Company's most recent Annual Report on Form 10-K and Quarterly
Reports on Form 10-Q. Investors and security holders are urged to
read these documents free of charge on the SEC's website at
www.sec.gov.
All forward-looking statements speak only as of the date on
which they are made. The Company undertakes no obligation to update
any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement was made,
except to the extent required by applicable securities laws.
Investor Contacts:IR@paltalk.com
Brian LoperClearThinkbloper@clearthink.capital347-413-4234
Paltalk (NASDAQ:PALT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Paltalk (NASDAQ:PALT)
Historical Stock Chart
From Apr 2023 to Apr 2024