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FastForward Innovations Limited
22 August 2016
22 August 2016
FastForward Innovations Limited
("FastForward", the "Company" or "FFWD")
Portfolio company update
FastForward, an AIM listed company trading under the symbol
FFWD, is pleased to announce a number of advancements in its
portfolio companies:
Yooya:
Yooya reports that it has made significant progress in its plan
since FastForward's most recent announcement;
-- In July, Yooya exceeded 700 million monthly video views*,
which is over double the views in June, and four times higher then
the same period the year prior
-- It is generating increasing revenue through its platform
partnerships, with Q2 revenue doubling that of Q1, which Yooya
expects to continue to increase over the remainder of the year
-- It is in high-level discussions with a number of Fortune 500
companies in regards to video and advertising partnerships
-- In July, it exceeded 11 billion lifetime video views**,
already surpassing its goal for 2016 calendar year-end
* Yooya's "monthly views" KPI refers to the number of times that
videos from creators with whom the Company has executed commercial
agreements are viewed in a given month.
** Yooya's "lifetime views" KPI includes all video views of
content creators' videos both prior to and after such videos are
added to Yooya's network. Yooya tracks lifetime views in part
because it is a key metric to both Yooya and potential advertisers
given that substantial lifetime views indicate that a video creator
has a strong, sustained following.
Leap Gaming:
Leap Gaming reports that it is on-plan and has made substantial
progress towards achieving its growth goals;
-- Leap has signed a direct licensing agreement with Pala
Interactive, giving it access to the US market, for the social
gaming space, a major growth area
-- Through its partner platforms, Leap has grown its footprint
by licensing its products to several new operators in Europe and is
in advanced discussions with operators in other geographies
-- Is in high-level negotiations with a major provider of gaming
and entertainment to license its technology and product(s)
-- Leap is making significant advancements to its product
portfolio, with a focus on additional Virtual Sports titles for
both online and land based markets, as well as innovative features
based on demand it receives from the market
Additionally, Leap reports that it has moved to larger offices
in Tel Aviv which will support its growth. Leap is about to hire a
senior sales executive to manage and grow its sales pipeline, and
believes it is well-positioned to significantly grow its
business.
Schoold:
Schoold management reports that it has taken noteworthy steps in
its business plan;
-- Schoold has grown its audience to over 1.3 million downloads
of its app, and has added a significant number of users month-over
month at a reduced cost per user
-- It has begun implementing its monetization strategy, which
includes both consumer and business facing features
o Schoold has begun trialing in-app advertisements in
partnership with major advertising networks
o In response to demand from the higher-education industry, it
has created a premium feature for colleges and universities to
connect and engage with students in the app, called Viewbook
-- Schoold reports that in July, sales of Viewbook have exceeded management expectation
SatoshiPay:
SatoshiPay has formalized a partnership with Visa Europe through
the release of a proof-of-concept product utilizing SatoshiPay's
technology.
-- SatoshiPay technology will be integrated with Visa's card
payments network to enable digital, mobile and online
purchases.
-- The product will support the purchasing of media content
including videos, music, pdf and other content, and will be
integrated with Visa's card payments structure.
Commenting on the update, CEO Lorne Abony "The progress that
teams across the FastForward portfolio are making is simply
outstanding. At Schoold and Yooya in particular, the growth metrics
are far beyond our expectations, which we are delighted about.
While we didn't necessarily anticipate monetization to be
occurring at this pace this early, we are excited about the
companies' decisions to capitalize on revenue opportunities, which
is what we're seeing at both Yooya and Schoold. They have each
built incredibly large audiences faster than expected, and it is
therefore no surprise that exciting monetization opportunities are
now occurring.
In Leap, we are very excited by the progress being made - they
have signed a number of important deals in the past few months, and
we anticipate they will close some very significant transactions in
the short term which, when finalized, we believe will set them
apart from other virtual sports technology providers in the
market."
For further information on the Company and its investments
please visit www.fstfwd.co or contact:
FastForward Innovations Limited info@fstfwd.co
Josh Epstein / Ian Burns
Peel Hunt LLP Tel: +44 (0)20 7418 8900
Dan Webster / Adrian Trimmings / George Sellar
This information is provided by RNS
The company news service from the London Stock Exchange
END
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