Touchpoint Group Holdings Signs Licensing Agreement with Dance It Out LLC, Billy Blanks Jr.

Rhea-AI Summary

On February 16, 2021, Touchpoint Group Holdings (OTCQB: TGHI) announced a licensing agreement with Dance It Out LLC to utilize the Touchpoint app on iOS and Android. This app enables subscribers to stream live and recorded fitness classes hosted by celebrity trainers, including Billy Blanks Jr. The partnership aims to enhance connectivity between celebrities and fans, particularly during the COVID-19 pandemic, offering a platform for interactive fitness content from the safety of home.

Positive

• Licensing agreement with Dance It Out LLC enhances content offerings via the Touchpoint app.
• Access to live stream classes featuring renowned fitness personalities.
• Opportunity for expansion in the digital fitness market amid increased consumer demand.

Negative

• None.

Touchpoint platform connects fans and brands while promoting wellness in new ways during COVID-19 pandemic

Touchpoint App allows fans to participate in live stream fitness, motivation and focused well-being classes from the safety of home

MIAMI, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Touchpoint Group Holdings, Inc. (OTCQB: TGHI), a media and digital technology holding company, today announced that it has entered into a licensing agreement with Dance It Out LLC (DIO) to utilize the Touchpoint app on iOS and Android devices. The Touchpoint app provides subscribers the ability to stream live or on-demand content hosted by their favorite celebrities and elite influencers that use the platform.

The DIO Dance Fitness app provides subscribers the ability to live stream classes hosted by International Fitness Guru and Shark Tank celebrity Billy Blanks Jr. and DIO’s global team of elite instructors. Dance It Out is a total body, high energy, cardio dance workout infused with over twenty styles of dance. Billy Blanks Jr. and the DIO team of instructors will live stream or record classes and upload to the app, providing users access to content anytime and anywhere. The fitness application will be available for download on any iOS or Android device via Apple’s App Store and the Google Play Store.

Mark White, CEO of Touchpoint, said, “We are thrilled to have entered into a licensing agreement with Billy and his team at Dance It Out to produce their dance fitness app utilizing our Touchpoint platform. Importantly, the Touchpoint app is helping celebrities and fans connect in new ways during the COVID-19 pandemic. With fitness centers around the world closed due to health concerns, the Touchpoint app provides users the ability to stream live and recorded interactive content from their favorite celebrities and influencers from the safety and convenience of their home. Billy has been very successful with DIO from his Shark Tank investment to the Lifetime Network series and social media exposure. We are now able to provide him a platform to accelerate his online growth and take his brand of fitness to the next level.”

Billy Blanks Jr. founder and CEO of DIO commented, “We are excited to enter this agreement to establish DIO as a premier online dance fitness app. Subscribers will learn new dance moves in every genre, ranging from Pop, Hip Hop, Salsa, Bollywood and more. Our live stream classes will feature celebrity guest-stars from Broadway, fitness, music, TV and social media. We have built a solid foundation of class structure, instructors and celebrity content and will now be able to extend our reach with our Touchpoint partnership. They are doing something really special with their technology which will allow us to project our brand of fitness globally.”

About Touchpoint Group Holdings.

Touchpoint Group Holdings Inc. is a media and digital technology acquisition and software company. For more information, see http://touchpointgh.com/.   

Safe Harbor Statement

This news release may contain “forward-looking” statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks include such factors as the inability to enter into agreements with parties with whom we are in discussions, the uncertainty of consumer demand for the Company’s products, as well as additional risks and uncertainties that are identified and described in the Company’s SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

Contact

Crescendo Communications, LLC
212-671-1021
tghi@crescendo-ir.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8a5640a-fcdb-46c4-a31a-3412b3051dde

FAQ

What is the Touchpoint app announced by TGHI?

The Touchpoint app provides subscribers the ability to stream live and recorded fitness and wellness content from various celebrities and influencers.

Who is involved in the licensing agreement with TGHI?

Touchpoint Group Holdings has entered into a licensing agreement with Dance It Out LLC, led by Billy Blanks Jr.

How does the licensing agreement with Dance It Out benefit TGHI?

The agreement allows TGHI to enhance its app's offerings, providing subscribers access to interactive dance fitness classes from popular trainers.

What platforms is the Touchpoint app available on?

The Touchpoint app is available for download on iOS and Android devices through the Apple App Store and Google Play Store.

When was the licensing agreement between TGHI and Dance It Out announced?

The licensing agreement was announced on February 16, 2021.