Friendable Inc.s (OTC
Pink: FDBL), Transformation from Debt to Equity Financing
Roadmap for Growth in 2017
Miami, FL -- February 14, 2017 -- InvestorsHub NewsWire --
EmergingGrowth.com, a leading independent small cap
media portal with an extensive history of providing unparalleled
content for the Emerging Growth markets and companies, reports on
Friendable, Inc. (OTC
Pink: FDBL)
This is Just what the Dr. ordered.
25% Growth since 2015
FDBL may not be at these levels much
longer.
See the Full Press Release and other
stories on Friendable at EmergingGrowth.com
http://emerginggrowth.com/?s=FDBL
Friendable, Inc. (OTC
Pink: FDBL), is currently in discussions with high net worth
individual investors and investment bankers who have the ability to
assist with the transformation of debt into equity and with a
capital raise that will produce up to 15 months of working capital,
which is exactly what the Company needs to build value for our
loyal shareholders.
As the Company enters a pivotal 2017, management believes its
restructuring of the Companys current debt, as well as a
simultaneous significant capital raise is the best path forward to
achieve continued organic user growth of the Friendable app, new
product roll out, and monetization testing in several areas of the
business.
Robert A. Rositano Jr., Friendable, Inc. CEO stated, "We believe
a $3-million-dollar financing with no debt will give the Company up
to 15 months of operating capital that will allow the Friendable
app, and soon Fan Pass Live, to deliver accelerated growth in a
marketplace that has emerged as one of the most rapidly growing
sectors; live streaming video."
Friendable, Inc. (OTC
Pink: FDBL) has invested heavily over the last several months
to ensure Fan Pass (http://www.fanpasslive.com and
http://www.fanpass.live) is Robust, user-friendly and
appealing to their target audience.
Fan Pass, http://www.fanpasslive.com and http://www.fanpass.live, is designed to provide
performing artists and celebrities with the opportunity to
broadcast live, exclusive, uncut, and uncensored content to
subscribers of their channel in real time. Upon its release, the
platform will enable a unique and powerful connection between
performing artists, athletes, celebrities, agents and their
existing base of social media followers and fans by providing
real-time access to events that would typically only be experienced
by insiders, or individuals with VIP, on-location access.
Robert A. Rositano Jr., Friendable, Inc. CEO, stated, "The Fan
Pass brand is expected to capture the essence of this new category
of live, interactive broadcasting and the power of leveraging
exclusive, premium content with an existing base of social media
followers and fans. We believe Fan Pass, by coupling existing
connections between millions of loyal social media users and the
celebrities they follow with a platform to access live, engaging
and exclusive content, will be uniquely positioned to develop
recurring monthly revenue streams for both the company and the
celebrities."
Fan Pass is expected to feature exclusive, uncut and uncensored
video streaming of celebrity events such as recording studio
sessions, behind-the-scenes action on music video sets, special
interviews and backstage access before, during or after events to
provide the ultimate fan experience.
Friendables path to revenue with Fan Pass includes monetizing
social media fans and followers of celebrities through a
multi-level subscription based platform.
Friendable, Inc. (OTC
Pink: FDBL) is looking forward to a strong conversion rate, as
each celebrity or artist will be required to market their
Broadcaster channel to their social media fans and followers,
further, generating subscription revenue based on
conversion.
Celebrities that Friendable has had previous or existing
relationships with have, upwards of 20-50 million social media
followers.
Austin Mahone, a singer / songwriter that Friendable, Inc.
(OTC
Pink: FDBL) has worked with previously has 13 million fans on
Facebook alone. If he were to convert only 2% of them with a
revenue sharing monthly subscription of $1.99, that alone, would
generate over $500,000.00 per month.
Friendable, Inc. (OTC
Pink: FDBL) is working to secure commitments from celebrity
artists as they move closer to launch and will announce these
commitments as they are received.
Facebooks Mark Zuckerberg has stated that he is "obsessed" with
live streaming.
Could this be what pushes Friendable, Inc. (OTC
Pink: FDBL) over the top?
Could they be the next social media takeover candidate?
FDBL may not be at these levels much
longer.
See the Press Release and other
stories on Friendable at EmergingGrowth.com
http://emerginggrowth.com/?s=FDBL
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Sources include recent Friendable, Inc. press releases as well
as the following: http://www.wsj.com/articles/twitter-acquires-live-video-streaming-startup-periscope-1425938498 http://www.fool.com/investing/2016/07/14/think-facebook-and-twitters-live-videos-are-a-fa-2.aspx http://expandedramblings.com/index.php/periscope-statistics/ http://www.businessinsider.com/facebook-live-video-stats-from-tubular-2016-7
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