Friendable Inc.’s ($FDBL), Transformation from D
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Posted On: 02/15/2017 2:30:37 PM
Friendable Inc.’s ($FDBL), Transformation from Debt to Equity Financing – Roadmap for Growth in 2017
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.
See the full press release here: http://emerginggrowth.com/friendable-otc-pink...er-update/
As the Company enters a pivotal 2017, management believes its restructuring of the Company’s 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.
Friendable’s 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.
Facebook’s 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?
Disclosure:
All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://www.emerginggrowth.com/disclosure-3325/. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.
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.
See the full press release here: http://emerginggrowth.com/friendable-otc-pink...er-update/
As the Company enters a pivotal 2017, management believes its restructuring of the Company’s 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.
Friendable’s 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.
Facebook’s 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?
Disclosure:
All information contained herein as well as on the EmergingGrowth.com website is obtained from sources believed to be reliable but not guaranteed to be accurate or all-inclusive. All material is for informational purposes only, is only the opinion of EmergingGrowth.com and should not be construed as an offer or solicitation to buy or sell securities. The information may include certain forward-looking statements, which may be affected by unforeseen circumstances and / or certain risks. This report is not without bias. EmergingGrowth.com has motivation by means of either self-marketing or EmergingGrowth.com has been compensated by or for a company or companies discussed in this article. Full details about which can be found in our full disclosure, which can be found here, http://www.emerginggrowth.com/disclosure-3325/. Please consult an investment professional before investing in anything viewed within. When EmergingGrowth.com is long shares it will sell those shares. In addition, please make sure you read and understand the Terms of Use, Privacy Policy and the Disclosure posted on the EmergingGrowth.com website.
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