InvestorNewsBreaks – Friendable Inc. (FDBL) Announces New Details Regarding Its Strategic Acquisition
Jan 19, 2022
Friendable (OTC: FDBL), a mobile technology and marketing company, today released additional details relating to its recent acquisition of music distribution company Artist Republik. Following the development and growth of Friendable’s livestream artist offering, management identified expansion opportunities in the music distribution and services sector, which are services that truly allow artists, most often independent artists, to be heard. The Fan Pass Live platform acts as the artist’s label or manager, in a sense, by providing these unique services and managing all that comes with them. “Artist Republik has experienced great momentum in music distribution,” said Friendable CEO Robert A. Rositano Jr. “And now Friendable and Fan Pass are the beneficiaries of approximately 100,000 artists alongside these revenues that exceeded $450,000 in approximately eight months of 2021, of which our combined audit and 10k will provide all the details when filed. We also have the need to update technologies, bug fix and expand resources to increase these current and historical revenues, so it was a real no-brainer for us to pursue the opportunity and, ultimately, complete the acquisition of Artist Republik. It was a bonus to have such great synergies with our branding, marketing, people, technology and relationships, as well.”
To view the full press release, visit https://ibn.fm/A6S5J
About Friendable Inc.
Friendable is a mobile technology and marketing company focused on developing and identifying products, services and brand opportunities with mass market potential and scalability. Friendable published its first mobile application in the Apple App Stores and Google Play stores in 2014 in the social networking and dating category. The Friendable app achieved over 1.5 million downloads, top 10 worldwide rankings, and has led to celebrity-related marketing opportunities and various relationships with well-known music artists as well as up-and-coming independent artists. Friendable has since removed the social dating app from the app stores and has pivoted its business focus to Fan Pass, its livestream artist platform. Launched July 24, 2020, the Fan Pass livestream platform has proven invaluable for artists and fans alike as performances shifted from the stage to the screen. Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, who have more than 27 years of experience working together on technology-related ventures. For more information, visit https://ir.Friendable.com and www.FanPassLive.com.
NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL
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