FRIENDABLE INC - FDBL STOCK NEWS

Friendable Inc. (OTC: FDBL) has achieved 'Current Information' status with OTC Markets Group, signifying compliance with reporting requirements. This status is expected to lower capital needs for 2023, allowing the company to focus on cost-saving measures and leveraging technology assets in profitable markets. CEO Robert A. Rositano Jr. expressed optimism about exploiting new opportunities, particularly in markets suitable for their existing technology. The company aims to enhance its presence with white-label offerings and expand its services for indie music artists. Friendable’s extensive technology, developed since 2013, is being used to create scalable business solutions and capitalize on emerging market trends.

Friendable Inc. (OTC: FDBL) announced plans to apply for federal and state grants in technology and commerce to reduce capital acquisition costs. By combining grant applications with traditional fundraising, the company aims for less dilutive funding options. CEO Robert A. Rositano Jr. emphasized the opportunity to align with U.S. government goals, especially with recent discussions of a potential TikTok ban. Friendable provides mobile technology and software services, primarily for indie music artists through platforms like Fan Pass. The company aims to leverage its technology for both owned brands and white-label offerings, enhancing growth potential.

Friendable Inc. (OTC: FDBL) announced a new strategy to leverage its technology to create mobile applications, enhancing their capabilities to compete in the market. Following scrutiny of TikTok due to ownership concerns, Friendable sees potential as a competitor, aiming to replicate TikTok's success with their Fan Pass platform. CEO Robert A. Rositano Jr. highlighted the urgency to adapt and innovate in response to market dynamics. The company plans to focus on white-label solutions for partners and is committed to launching an updated version of FeaturedX.com. Friendable’s technologies target indie music artists, aiming for scalability and mass market appeal.

Friendable Inc. (OTC: FDBL) announces significant cost reductions for 2023, focusing on strategic rebranding of its Fan Pass Livestream platform and supporting its FeaturedX marketplace. CEO Robert A. Rositano Jr. highlighted the company's commitment to optimizing resources and maximizing market opportunities. Key initiatives include reducing technology service fees and salaries, and refiling as an alternative reporting company to cut audit costs. Friendable aims for a smaller capital raise while enhancing its market position in the competitive livestream sector, driven by data analysis of past performances.

Friendable Inc. (OTC: FDBL) has completed a reverse stock split, boosting its price above $0.01, aiming to attract new investments. The company focuses on its Fan Pass Live platform, seeking strategic partnerships or acquisitions to enhance its capabilities among over 100,000 registered independent music artists. Despite raising capital for initial operations, full-scale funding remains a priority. The management plans to reduce costs and discontinue its Artist Republik offering due to its inefficiencies while concentrating on the FeaturedX platform, which has shown promising growth potential with $169,865 in gross orders in the first half of 2022.

Friendable Inc. (OTC: FDBL) announces the release of a video sizzle reel showcasing support services for independent music artists. The company is actively seeking brand ambassadors to represent various music genres, emphasizing its commitment to growth and partnerships. CEO Robert A. Rositano Jr. notes the journey from development to execution, highlighting the aim to stabilize growth strategies heading into Q4 2022 and beyond. The company offers a platform called Fan Pass, designed for artists, providing revenue sharing on subscriptions after a free trial.

Friendable Inc. (OTC: FDBL) has launched its "Song of the Summer" contest, rewarding artists from various genres with over $5,000 in cash prizes. Submissions opened last week and will remain open until July 31, 2022, with fan voting commencing in August. The contest aims to engage over 120,000 registered music artists and their fans, marking a revamp from its previous iterations. The CEO noted that artists now have tools to promote themselves and monetize fan engagement, enhancing overall revenue for the company.

Friendable Inc. (OTC: FDBL) reported an update on its FeaturedX platform, indicating a significant rise in user engagement. Key metrics show total users up 100% to 21,839, user sessions at 32,712, and pageviews reaching 146,883 over the past 134 days. Following its acquisition of Artist Republik and FeaturedX, the platform received 270 gross orders valued at $169,865, with around 17% collected. The company clarified revenue reporting as total orders rather than collected amounts, emphasizing advancements in technology to improve revenue flow and artist monetization.

Friendable, Inc. (OTC: FDBL) announced significant growth following its acquisition of Artist Republik and FeaturedX. The Company reported revenue exceeding $168,000 since the acquisition, driven by a successful upgrade of FeaturedX that improved artist interactions. Key metrics show a 100% increase in total users, user sessions, and pageviews over the last 134 days. The new payment system requires upfront payments, addressing previously high dropout rates. CEO Robert A. Rositano Jr. emphasizes a commitment to holistic services for independent artists, raising capital under a Regulation A stock offering.