The Company’s Ongoing Actions Have Generated a Strong Brand Reputation and Along with Its Upgraded Features, These Combined Offers Have Resulted in an Influx of New Artist Interest and Activity, All Needs Continued Attention to Earn and Convert FeaturedX to Other 360 Service Offers
CAMPBELL, CA, July 13, 2022 (GLOBE NEWSWIRE) – via NewMediaWire – Friendable, Inc. (OTC: FDBL) (the “Company”), a mobile technology and marketing company, is pleased to announce its past six -month history following its acquisition of Artist Republic and FeaturedX brands/offers.
By taking control of these two additional brands/offerings, management has focused on both, starting with Artist Republic, and now just finishing the phase II upgrade of FeaturedX, which the Company believes is the main contributing factor to increased revenue and ultimately exceeded the $ 168,000 mark from acquisition to the present.
The key to the future success of the FeaturedX brand is the need to overhaul the communication tools between artists and the Company, as well as between the “featuring artist” and the artist interested in purchasing their services. The site focuses on music artists looking for other music artists to be featured in a song or video, as well as graphic designers curated by the Company to provide logo, merch and other promotional items.
FeaturedX’s offering has shown significant traction in building a revenue ramp that adds to the current base and must now be addressed by further technology upgrades and features that close the buying loop between artists and their ordering counterparts. Previously, artists had to approve orders prior to payment, creating a decrease in revenue collected, which the Company has since corrected requiring payment in advance.
Snapshot “FeaturedX” Traction and Activity Metrics:
Total Users = Increased by 100% or 21,839 users in the last 134 days (fonte: monster insights)
User Sessions = Increased by 100% or 32,712 sessions in the last 134 days (fonte: monster insights)
Pageviews = Increased 100% or 146,883 pageviews in the last 134 days (fonte: monster insights)
Total revenue = $ 168,949.56 (Year to Date: January 1, 2022 – July 12, 2022)
“Our mission is to provide a full 360 offer for all independent music artists and our team is convinced that we have, and much more, from music distribution, music writing and video collaboration, design services, promotional materials, merch designs/collections. , and e-commerce storefronts. It’s all in one place and let’s not forget about “Live” with Fan Pass Live, which brings virtual live event scheduling, ticket sales, tips, backstage action/content, promotions /merchandise sales and revenue sharing fan engagement for artists as a whole, that’s what we call the 360 offering, ”said Robert A. Rositano Jr., CEO, Friendable, Inc.
“It says, it’s all about finding the right offer that leads each artist to the door, which happens at Artist Republic and FeaturedX, giving the Company a roadmap of services that connects each artist at a particular point in they travel with us. FeaturedX has become a lead generation tool that allows additional services to be promoted and offered, as well as generating a revenue ramp that adds to the current base. We saw the formula and it was all about the timing of the additional services offered and it was usually based on the previous product/service purchased and the needs of each individual artist at that time. I cannot be proud and grateful to have such a dedicated and caring team. I believe we are on the right track and it is all about staying on course, generating income, keeping capital in debt or at the very least and increasing our value now that we are behind our previous debt restructuring. We will continue to raise investment under the terms of our qualified Regulation A stock offering, as well as ongoing test operations, reorganizing offers and adapting technology to accommodate our size, this is happening and our team is with full confidence as we move into our next stages, ”concluded Robert A. Rositano Jr., CEO, Friendable, Inc.
To support Fan Pass and our artists:
Download the Fan Pass app at Apple App Store or the Google Play Store.
Audiences can visit the website at www.fanpasslive.com or download the mobile app from the Apple App or Google Play store. Fan Pass offers a seven-day free trial, providing a VIP all-access pass. After seven days, this free trial will convert into a fee-based subscription of $ 2.99 per month, where artists also receive up to 40% as revenue sharing on a recurring monthly basis.
About Friendable Inc.
Friendable Inc. is a mobile technology and marketing company dedicated to developing and identifying brand products, services and opportunities with potential and scalability in the mass market.
Friendable published its first mobile application in the Apple App Store and Google Play Store in 2014 in the social networking and dating category. The Friendable app has achieved over 1.5 million downloads, ranked top 10 worldwide, and led to celebrity -related marketing opportunities and various relationships with well -known music artists as well as upcoming independent artists .
Since then, Friendable has focused its business focus on its Music Artist Offering, a one of a kind 360 artist platform. The offering includes music production/collaboration, music distribution (Spotify, SoundCloud, Play Listing, Livestream/live events, promotions, ticket sales, behind the scenes, Merch designs/store/ship, tips, engagement fan interaction, subscription offers and more, all of which are equal revenue and revenue sharing for all music artists.The Company aims to be the new launch point for Indie Artists, as well as Artists in all levels, as they generate engagement, revenue, and fans/followers.
Fan Pass, its livestream artist platform. Launched on July 24, 2020, the Fan Pass livestream platform has proven invaluable for artists and fans as performances have moved from stage to screen, with its acquisition of Artist Republic and FeaturedX in January 2022.
Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, with more than 27 years of experience working together on technology -related ventures.
For more information, visit www.Friendable.com www.FanPassLive.com www.artistrepublik.com/ at www.featuredx.com/
Dependent Statements
This press release contains forward-looking statements. The words or phrases “will be,” “will be allowed,” “intended,” “likely to result,” “expected to be,” “will continue,” “expected,” “estimated,” “project” or similar expressions are intended to define “future statements.” Actual results may differ materially from those expected by Friendable, Inc. The Company’s iTunes rankings should not be construed as an indication in any way regardless of the future value of Friendable’s common stock or its current or future financial condition. Friendable, Inc. public filings. made at the Securities and Exchange Commission can be accessed in 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 any subsequent date. Friendable, Inc. warns readers not to rely on such statements. Except as required by applicable law, Friendable, Inc. does not practice, and Friendable, Inc. specifically disclaims. any obligation, to update any future statements to reflect events, progress, unforeseen events or circumstances after the date of such statement.
Please contact:
Friendly:
Phone: (855) 473-7473 Ext. 101
Email: Info@Friendable.com
www.Friendable.com
