Trustfeed has reached an outstanding 300 million business listings

Rhea-AI Summary

Trustfeed (OTC: TRFE) has achieved a milestone with its database reaching 300 million companies, setting a new record in business listings. This growth is facilitated by Trustfeed's proprietary software, which aggregates and validates company information globally. By Q1 2023, all companies will be updated and can enhance their profiles. Companies can secure sponsored listings starting at USD 59 annually. Trustfeed's market position outshines competitors like Yelp, which has only 5 million listings and a market cap of USD 2 billion. Trustfeed's market cap stands at approximately USD 140 million, suggesting significant undervaluation.

Positive

• Achieved 300 million business listings, vastly outpacing Yelp's 5 million.
• Proprietary software enhances efficiency in data validation and retrieval.
• Companies will be able to take control of their profiles, increasing engagement.
• Sponsorship opportunities for businesses available, generating additional revenue.

Negative

• Market cap of USD 140 million may indicate undervaluation compared to reported potential.
• Dependence on businesses to enhance profiles may not guarantee increased user engagement.

NEW YORK, Nov. 23, 2022 /PRNewswire/ -- Trustfeed's (OTC: TRFE) database is skyrocketing and set a new record with an increase to an astronomical 300 million companies listed on the Trustfeed.com review and rating platform. This huge increase of business listings is driven by Trustfeed's proprietary software that automatically retrieves and validates information from the Internet about any company in the world. All 300 million companies are expected to be fully updated by 1st quarter 2023, after which companies will be invited to take control of their profile and add additional information, images, logos, etc.

89% of consumers check reviews prior to purchasing. Our vision is that on Trustfeed.com you should be able to find trustworthy information and reviews on any business, anywhere, and at any time.

With a database of 300 million companies, Trustfeed should be able to take a unique position in the market for business reviews and ratings.

During December, companies will have the opportunity to get a sponsored listing in the search results of our webpage, which will cost from USD 59-189 per year for up to 10 keywords, on a first-come, first-served basis.

Compared to Trustfeed's 300 million companies, Yelp has approximately 5 million business listed and a Market cap of $2 billion.
Trustfeed will be lengths above Yelp and other major players in the market for business listings when it comes to information. "With this in mind, Trustfeed current market cap of around USD 140 is severely undervalued", says Rasmus Refer CEO of Trustfeed.

Safe Harbor Statement
This release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantee of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements

Trustfeed Corp.
140 Broadway, 46th Floor
10005 New York, United States

CONTACT:
RL@trustfeed.com
https://www.trustfeed.com/
Twitter: @TrustfeedC

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SOURCE Trustfeed Corp

FAQ

How many companies are listed on Trustfeed as of November 2022?

As of November 2022, Trustfeed lists 300 million companies.

What is the market cap of Trustfeed (TRFE)?

Trustfeed's market cap is approximately USD 140 million.

What sponsorship opportunities does Trustfeed offer?

Trustfeed offers sponsored listings starting at USD 59 per year for up to 10 keywords.

How does Trustfeed compare to Yelp in terms of business listings?

Trustfeed has 300 million listings, significantly more than Yelp's 5 million.

When will Trustfeed's database be fully updated?

All listings are expected to be fully updated by the 1st quarter of 2023.