SOURCE: Friendable, Inc.

Friendable, Inc.

August 23, 2016 05:00 ET

Friendable's App Updates Pave the Way to Revenue Opportunities Through Advertising and Sponsorship

Friendable Completes Necessary Upgrades to Begin Testing for Monetization

CAMPBELL, CA--(Marketwired - Aug 23, 2016) - Friendable, Inc. (OTC PINK: FDBL) today announced significant app and app store updates to usher in a new phase of monetization testing and revenue.

Updates include:

  • Improved App Store Optimization (ASO) to boost organic downloads and users.
  • App stability and performance improvements including optimized APIs for speed and support for a high volume of transactions.
  • Source code obfuscation for better security and protection of the source code.
  • Added profile videos.
  • Remediation of image upload and messages glitches.
  • Paging support to event comments, active chats, and notifications.
  • Monetization features to event listings including sponsored pop-ups and highlighted events/locations.

"The ultimate goal of our company is to reach critical mass and begin to generate revenue that will eventually turn to profits for Friendable and increased valuation metrics for our shareholders. These latest round of updates will not only help add users and improve overall user experience, but will also make it possible for us to begin testing monetization strategies by offering sponsored pop up advertising and highlighted event and location specific placements to businesses or venues such as coffee houses, restaurants, clubs and other nearby locations looking to attract more customers," stated Friendable CEO, Robert Rositano Jr.

NEW -- View our latest Video Overview:

https://vimeo.com/friendable/2016

About Friendable:

Friendable, Inc. is the mobile-social network focused on the future, rather than sharing the past. It is 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 its users, making it simple to create new connections, create meet up style events, or simply tell others what you are "Friendable" for. Based upon shared interests and locations, 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 and begin to generate revenue by providing these venues with location specific opportunities to reach potential customers when it matters most. As of April 2016, Friendable has exceeded one million total downloads since the company's inception and launch of the app.

For more information about Friendable, Inc. please visit: www.Friendable.com

For Additional Investor Information and to Receive Company Updates: http://www.friendable.com/fdbloptin

Visit our social media properties at: Facebook: http://facebook.com/friendable 

Twitter: https://twitter.com/friendableapp 

Instagram: https://www.instagram.com/friendableapp/

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 www.sec.gov. 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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