Trustfeed will join Trustpilot in the Market for Trustworthy Online Consumer Reviews

Rhea-AI Summary

Trustfeed Corp (OTC:TRFE) aims to become the world's largest platform for trustworthy consumer reviews within five years. With 84% of the global population owning smartphones, Trustfeed facilitates consumer opinions and allows businesses to manage their profiles and online reputation. The company boasts a database of over 69 million reviewed domains and nearly 290 million reviews. The global Total Addressable Market (TAM) is estimated at $50 billion (excluding China). Trustfeed anticipates substantial growth amid rising concerns over fake reviews on major platforms.

Positive

• Trustfeed targets becoming the largest platform for consumer reviews within five years.
• The company has a database of over 69 million reviewed domains and nearly 290 million reviews.
• Projected global Total Addressable Market (TAM) is around $50 billion (excluding China).
• Rising consumer distrust of fake reviews on platforms like Amazon, Google, and Facebook creates market opportunities.

Negative

• There is uncertainty regarding the fulfillment of forward-looking growth projections.
• The company faces potential competition and operational risks that could impact financial performance.

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- Trustfeed Corp (OTC:TRFE) forecasts confident growth and believes that within five years the company was the potential of creating the world's largest platform for trustworthy consumer reviews.

84% of world population own smartphone's according to bankmycell.com. The top countries for mobile phone use have mobile phone penetration over 70%. Those consumers became increasingly vocal and self-confident. They express what they want and when and where they want it. Many of them share their opinions on social media and review sites. Frequently it is about their experience of purchasing goods or services.

Trustfeed.com offers not only consumers the opportunity to write their opinion but also companies a way of driving business by managing their profiles and interacting with consumers online reviews. Trustfeed was founded in 2021 to revolutionize the company data and product review world with a trusted platform of reviews and company profiles. The company provides trusted company and product information with state-of-the-art crawler technology. Machine learning and artificial intelligence tools help analyze data to ensure a high certainty of trustworthy information.

Trustfeed enables businesses to create brand awareness, product endorsement and anticipate a feedback loop for product improvement. Those businesses can engage with their customers encouraging positive feedback and manage their online reputation with Trustfeed's online portal. Consumer review is becoming a science. According to Brightlocal's 2022 Local Consumer review Survey, at least 40 reviews are needed before consumers put trust in overall ratings. Trustfeed helps increase review frequency developing greater trust between consumer and online retailer.

The long-term opportunity is represented by a large, under-penetrated Total Addressable Market ("TAM"). The global TAM (excluding China) is estimated by OC&C Strategy Consultants LLP ("OC&C") to be approximately US$50 billion.

Trustfeed is bullish. The Trustfeed database has over 69 million reviewed domains (Cf. Trustpilot's 714 thousand) and Trustfeed has just under 290 million reviews (Cf. Trustpilot's 167 million).

Trustfeed's CEO Rasmus Refer says: "USA consumers consider the top sources of fake reviews to be Amazon, Google and Facebook. This leaves trust in the hands of specialised review sites like Trustfeed. The market opportunity leads me to predict huge growth and potential for Trustfeed over the next 12-24 months."

Trustfeed Corp. is controlled by FastBase Inc. (OTC:FBSE)

Forward-Looking Statements

This release may contain forward-looking statements regarding projected business performance, operating results, financial condition and other aspects of the company, expressed by such language as "expected," "anticipated," "projected" and "forecasted." These statements may also include estimates of the pace of customer adoption, customer usage, and software development. Please be advised that such statements are estimates only and there is no assurance that the results stated or implied by forward-looking statements will be realized by the company. Forward-looking statements may be based on management assumptions that prove to be wrong. The Company's predictions may not be realized for a variety of reasons, including due to competition, customer sales cycles, and engineering or technical issues, among others. The Company and its business are subject to substantial risks and potential events beyond its control that would cause material differences between predicted results and actual results, including the company incurring operating losses and experiencing unexpected material adverse events.

Safe Harbor Statement

This press 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.

CONTACT:
investor@trustfeed.com
https://www.trustfeed.com/

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SOURCE Trustfeed Corp

FAQ

What is Trustfeed Corp's goal for the next five years?

Trustfeed Corp aims to become the world's largest platform for trustworthy consumer reviews within five years.

What is the estimated Total Addressable Market for Trustfeed?

The estimated Total Addressable Market (TAM) for Trustfeed is approximately $50 billion, excluding China.

How many reviews does Trustfeed have in its database?

Trustfeed has nearly 290 million reviews in its database.

What is the stock symbol for Trustfeed Corp?

The stock symbol for Trustfeed Corp is TRFE.

Who controls Trustfeed Corp?

Trustfeed Corp is controlled by FastBase Inc. (OTC:FBSE).