Friendable Inc (OTCMKTS:FDBL) shares were flat at $0.00200 on Friday and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.03. The company has a market cap of $1.74 million at 869.19 million shares outstanding.
In a press release earlier this month, Friendable Inc announcedthe launch of its new website at www.friendable.com which offers a refreshed look and new design that match the company’s growing excitement for the future of what it believes is its game-changing mobile applications.
The site was designed to feature a complete resource center that details Friendable’s products and video assets and streamlined navigation. It also has a detailed Investor Relations section with key company metrics and full investor presentation available for download. Apart from that, the company provided a sneak peek video of its latest mobile app, “Fan Pass,” currently in its internal beta release stage. This video can be accessed by clicking on the “Fan Pass” link on the company’s website.
“Friendable has worked hard to expand its product offerings to include two formidable mobile applications that have the potential to drive substantial growth and shareholder value. The launch of our redesigned website gives our users and investors the tools they need to understand and analyze our Company and its two products. We invite visitors to explore our new site and achieve a better understanding of the full breadth of our Company’s capabilities. Our new site sets the tone for a communications strategy that will always look to keep the marketplace current on the latest Company developments by sharing useful updates on our exciting platforms for growth,” said Friendable Inc CEO Robert Rositano Jr.
The company continues to test its “Fan Pass” feature with its beta testers and the official release is anticipated to happen soon. Fan Pass is the company’s latest mobile application that has been designed to deliver high-quality, real-time video streaming of VIP and backstage activity from performing artists and celebrity events. This feature should distinguish Friendable Inc from existing social media platforms such as Facebook, Instagram, Twitter, and Snap.
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.
Its location-specific social platform, as well as a discovery application, 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 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.