Friendable Surpasses Operational and Growth Milestones, Providing Shareholders with a 2021 Year in Review Update and 2022 Strategy for Artist, Services and Revenue Growth
Friendable Inc. (OTC: FDBL) announces significant milestones achieved in 2021, particularly for its Fan Pass Live platform, which launched in July 2020 with 16 artists and has since grown to over 5,000. The platform underwent continuous improvement, leading to the release of version 2.0. By December 2021, a material agreement for the acquisition of Artist Republik was finalized, expected to enhance music distribution services and artist offerings. CEO Robert A. Rositano Jr. emphasized the company's readiness to scale revenues and expand service offerings in 2022.
- Exceeding 5,000 artists on the Fan Pass Live platform.
- Successful launch of version 2.0 of the Fan Pass platform.
- Acquisition of Artist Republik, enhancing their music distribution services.
- None.
The Fan Pass Live artist platform moves to expand its service offerings to include various forms of music distribution and indie artist tools
CAMPBELL, Calif., Jan. 05, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Friendable Inc. (OTC: FDBL) (the “Company”), a mobile technology and marketing company, is pleased to provide a summary of several key milestones and achievements made by the Company in 2021.
The Fan Pass Livestream platform was released on July 24, 2020, with a total of 16 music artists who signed on to the platform and performed live for the Company’s launch event.
Following its successful launch, the Fan Pass team used its initial release to garner feedback from artists, the music industry, managers, booking agents, venues, promoters, and other influential relationships close to their team. This feedback was instrumental in iterating the platform with updates, new features and eventually an entirely new version 2.0, which was successfully released 1 year following the “Proof of Concept” release of version 1.0.
“Before listing our milestone achievements for 2021, it’s important to our entire team that we first thank our artists, their fans, our partners, supporters, team, and shareholders. We would not be here without each and every one of you pulling for us and the progress certainly shows we are on the correct path,” said Robert A. Rositano, Jr., Friendable, Inc. CEO.
Timeline & Milestones Achieved by the Company:
April 2020 - Announcement of Fan Pass Live official release date
May 2020 - Completion of Fan Pass Live iOS and Android beta testing
June 2020 - Submission of Fan Pass Live app for approval & app is approved
July 2020 - Launch of Fan Pass Live platform with 16 artists from various venues across the US, viewed from over 70 countries
August 2020 - 50+ total artists milestone on Fan Pass platform
September 2020 - Announcement of mobile live-streaming feature beta testing on Fan Pass app
October 2020 - Release of mobile livestream feature on Fan Pass app; 450+ total artists milestone
November 2020 - Fan Pass signs artist Remy Boy Monty
December 2020 - Launch of internal marketing campaign aimed to immediately compensate artists – Contest kick off – Money in artists’ pockets
January 2021 – Testing rollout of Fan Pass Pro Services; 700+ total artists milestone
February 2021 - Single month artists signup record with +
March 2021 - Retention of Sheppard Mullen as lead counsel for all Fan Pass music, entertainment, technology, and advertising initiatives
April 2021 - 2500+ total artists milestone &
Proof of Concept Complete
May 2021 - Announcement of v2 Fan Pass Live platform release date
June 2021 - 4000+ total artists milestone
July 2021 - V2 of Fan Pass platform (mobile & web app) release; 5000+ total artists milestone; new corporate presentation
August 2021 – Test launch of ‘Artist Pro’ service offering, website rebranding, re-vamped shopping experience & artist/fan video trailers
September 2021 - Rollout of full-scale paid media for artists, fans, and public company awareness
October 2021 - Addition of Lobeline PR Agency – Begin rollout of full-scale paid media for artists, fans, and public company awareness
November 2021 - Begin artist affiliate program with ShamirMuzik, affiliate artist of Warner Bros. Entertainment
December 2021 – Material agreement is signed and entered into for the Acquisition of Artist Republik, which includes artists, music distribution technology & services alongside various other offerings to be added to Fan Pass Live. More artists and existing service revenues coming from current music distribution, playlisting, and more.
“This is an exciting time for our Company and specifically our Fan Pass Live artist platform. We believe these most recent milestone achievements have validated our approach to becoming a true artist partner, listening, testing, supporting, and executing on everything we set out to accomplish, one goal at a time and now it’s time to monetize as we build scale. It feels like our offering has now caught up with the artists’ specific needs, requests, and desires. We now have the credibility, making 2022 the perfect opportunity for scaling revenues, number of artists, and fan subscribers on the platform. Stay tuned for some exciting service offering announcements as we expand into various channels of music distribution and discuss all there is to know about Artist Republik and our integration path,” concluded Rositano Jr., CEO.
To support Fan Pass and our artists:
Download the Fan Pass app on the Apple App Store or the Google Play Store.
About Friendable Inc.
Friendable Inc. is a mobile technology and marketing company focused on developing and identifying products, services and brand opportunities with mass market potential and scalability.
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 achieved over 1.5 million downloads, top 10 worldwide rankings, and has led to celebrity-related marketing opportunities and various relationships with well-known music artists as well as up-and-coming independent artists.
Friendable has since removed the social dating app from the app stores and has pivoted its business focus to Fan Pass, its livestream artist platform. Launched July 24, 2020, the Fan Pass livestream platform has proven invaluable for artists and fans alike as performances shifted from the stage to the screen.
Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, who have more than 27 years of experience working together on technology-related ventures.
For more information, visit www.Friendable.com or www.FanPassLive.com.
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 Company’s iTunes rankings should not be construed as an indication in any way whatsoever of the future value of 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.
Contact:
Friendable:
Phone: (855) 473-7473 Ext. 101
Email: Info@Friendable.com
Corporate Communications:
InvestorBrandNetwork(IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
FAQ
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