SOURCE: Friendable, Inc.

Friendable, Inc.

June 02, 2016 03:30 ET

Friendable App Download Numbers Up Again in May

CAMPBELL, CA--(Marketwired - Jun 2, 2016) - Friendable, Inc. (OTC PINK: FDBL), today released the May download numbers of its Friendable app.

For May, the Company posted total downloads of 37,470 with 16,481 originating from Apple's iTunes App Store and 20,989 coming from Google's Android PlayStore. Mays's download numbers represent a 29% increase over April downloads and a 43% increase over March downloads.

In addition, Friendable app rankings in Apple's iTunes App Store continue to trend higher reaching record highs in 6 countries in both the social media and overall app categories. (Source: App Annie)

"When launching and growing a new mobile app attracting new users is paramount to its success, so when we see the Friendable download and ranking numbers rise month after month it is providing us with confirmation that our marketing efforts and celebrity relationships are adding much needed fuel to our fire, for that we are extremely pleased," said Friendable, Inc. CEO Robert Rositano Jr. "Ranking numbers are important in the sense that the higher we rank, the easier it is for users to find our app, and the more organic downloads we realize translates to lower user acquisition costs, which will ultimately drive revenue and increase profits."

About Friendable:

Friendable Inc. is the mobile-social network focused on the future, rather than sharing the past, where it's all about having location specific and nearby opportunities to connect with others. The Friendable brand represents a friend's first approach and takes all the pressure off for its users, making it simple to make new connections, create meetup style events or simply tell others what you are "Friendable for" then based on shared interests and location users can engage with what makes sense for them. Increased user interactions will allow Friendable to offer advertising and sponsorship opportunities to local venues/businesses, to begin to generate revenue by providing these venues with location specific opportunities to reach potential customers when it matters most; when they are nearby and looking for something to do or someone to do it with. As of April 2016 Friendable has over 1 Million downloads and 700,000 registered users.

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Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected by Friendable, Inc. The iTunes rankings should not be construed as an indication in any way whatsoever of the future value of the Friendable's common stock or its present or future financial condition. The public filings of Friendable, Inc. made with the Securities and Exchange Commission may be accessed at the SEC's Edgar system at Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Friendable, Inc. cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, Friendable, Inc. does not undertake, and Friendable, Inc. specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.

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