Friendable Inc (OTCMKTS:FDBL) shares advanced 4.76% on Wednesday to $0.00220 and were flat in after-hours trading. The company has a market cap of $1.91 million at 869.19 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.03.
Formerly known as iHookup Social Inc, Friendable Inc is engaged in the development and dissemination of a proximity-based mobile social media application that facilitates connections between people, utilizing global positioning system and localized recommendations.
It offers Friendable, which is a location specific social platform, as well as a discovery application that facilitates communication between two or more users on a one to one meeting or group style event-based meet ups for concerts, sporting events, coffee, movies and night out, among others. Friendable bridges its mobile community of users with the meeting of new friends, building relationships and connecting them with local venues or events tied to their interests. Its application is available on the Apple iOS platform and in iTunes stores, where Friendable offers a free version and a paid version of the application, and is also available on the Android platform and in the Google Play Store.
More recently, Friendable Inc has turned its focus into the development of Fan Pass Live. This feature is designed to deliver high-quality, real-time video streaming of VIP and backstage activity from performing artists and celebrity events. Exclusive behind the scenes access will be provided to fans and social followers who choose to subscribe to the uncensored content channels, via the Fan Pass mobile application.
The company is is currently looking for beta testers for this mobile application on iOS or Android for free. Through this, it is hoping to get feedback on the user interface, design, features and overall identifiable bugs as it works towards full release shortly following user feedback and Q&A testing.
“Entering the beta stage of our Fan Pass Live app represents a significant milestone in our development cycle as we work toward full release in 2017. Part of our process is to have several groups of beta testers using the app and providing feedback, we look forward to your submissions to participate in our beta test program and welcome all comments, it is all part of releasing a more dynamic mobile application that was designed with real user feedback,” remarked Friendable Inc CEO Robert A. Rositano Jr.
There has been no set date for the official release as this would depend on how beta testing and Q&A testing goes. Upon its official release the app will provide a platform for artists and celebrities to connect their global fan base with exclusive behind the scenes action, something that is typically designated for fans that pay a premium for an on-location experience.