SOURCE: Grom Holdings, Inc.

Grom Holdings, Inc.

October 11, 2016 08:30 ET

Grom Social, Inc. and Illinois PTA Announce Agreement to Increase Enrollment, Fundraising Capabilities and Parent Involvement

BOCA RATON, FL--(Marketwired - Oct 11, 2016) -  Grom Holdings Inc., the privately-held parent company of Grom Social, Inc., ("Grom" or Grom Social") a safe social media platform with 3.6 million users ranging in age from 5-16, announced an agreement today with the Illinois PTA ("Parent Teacher's Association") to build its user-base, enhance revenue and increase parent participation. 

"Having the opportunity to grow our business while working with such a venerable organization that shares our belief that all kids deserve the opportunity to be 'great' means so much to me personally and Grom as a company," stated Darren M. Marks, Grom Social Chairman and CEO. "We are so pleased that Illinois is the first of what we anticipate to be many more states slated to join Grom in the next few months, teaching kids how operate safely and become good digital citizens in this new '21st century media era,'" concluded Marks. 

The staff of the Illinois PTA will work with Grom to create and implement safe, fun, educational and responsible messaging as well as innovative fundraising programs.

"We are pleased to partner with Grom Social, a safe, secure, fun and highly interactive digital media platform for kids while at the same providing us a new and exciting fundraising platform," said Jolene Lowder, Executive Director of the Illinois PTA. "Grom's messaging and values closely reflect that of the Illinois PTA, which is a must for all partnerships." 

About the Illinois PTA

The Illinois PTA represents more than 100,000 members throughout the State of Illinois. Founded in 1900, the non-profit volunteer organization is dedicated to the well being of all children and families in their home, school, and community.

Illinois PTA believes that family involvement is essential throughout a child's education, but it is also every adult's responsibility to ensure that all children develop to their full potential. Illinois PTA supports this mission through advocacy efforts at the local, state, and national level. Illinois PTA works with businesses, hospitals, colleges, service clubs, social service agencies, youth organizations, public housing projects, labor unions, churches, and other community groups to create strategic partnerships that connect families with the resources that can turn neighborhoods into a thriving places to live, work, and raise a family.

About Grom Social

Grom Social, www.gromsocial.com, is the safe social network created by "kids for kids." Launched in 2012 by then 12-year-old Zach Marks, Grom Social is quickly becoming the leading safe social media platform for children worldwide. With more than 3.6 million users in over 200 countries and territories, Grom Social provides a positive, fun social media environment for children to network, discover original content and play games. Grom Social is dedicated to bringing greater awareness of social responsibility and promoting good digital citizenship. Grom Social has been endorsed by leaders in education and child development, and is trusted by parents. Grom Social delivers an ideal environment for advertisers seeking to reach kids. Additionally, Grom Holdings through its wholly-owned Manila, Philippines based subsidiary, Top Draw Animation ("TDA"), is a producer of top-quality animation and one of the leading producers of 2D animation for television markets around the world. TDA is recognized by producers and broadcasters as a provider of quality television animation and currently provides services to many high profile companies.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon our current assumptions, expectations and beliefs concerning future developments and their potential effect on our business. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "approximately," "estimate," "predict," "project," "potential," "continue," "ongoing," or the negative of these terms or other comparable terminology, although the absence of these words does not necessarily mean that a statement is not forward-looking. This information may involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from the future results, performance or achievements expressed or implied by any forward-looking statements.

Factors that may cause or contribute actual results to differ from these forward-looking statements include, but are not limited to, for example:

  • Adverse economic conditions;
  • Industry competition
  • Other risks and uncertainties related to the social media and animation businesses

All forward-looking statements speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements or other information contained herein. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

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