SOURCE: Friendable, Inc.

Friendable, Inc.

June 16, 2016 05:00 ET

Friendable Continues to Gain Celebrity Fans

App Gets Another Boost as Celebrities Take to Social Media

CAMPBELL, CA--(Marketwired - Jun 16, 2016) - Friendable, Inc. (OTC PINK: FDBL) ("Friendable" or the "Company"), today announced an additional increase in the use of its app among the college age and above demographics over the last 12 hours, as global superstar Jennifer Lopez mentioned the Company on her official Facebook page.

"On Wednesday, Hollywood icon Jennifer Lopez invited her 45.5 million Facebook fans to check out the Friendable app, reflecting on the app's appearance in her recent music video Ain't Your Mama," said Robert Rositano, Jr. Chief Executive Officer of Friendable. Mr. Rositano continued, "Last week we were fortunate to see a few posts from Austin Mahone, which fired up the younger crowd to take notice, and I'm excited to say that we are now seeing additional downloads and social buzz among adults in the 18-year-old and above age bracket. We attribute this to our increased focus on social media in general, additional brand exposure across various market segments, and of course our recent celebrity affiliations."

Our team has one goal: increasing shareholder value by attracting more users and providing an experience which encourages them to spend more time in the app, which we believe will ultimately attract advertising revenue. We believe we are making significant advances in each of our focus areas and will continue to analyze and strengthen our initiatives for growth.

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 friends-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 and businesses, and 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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