Business
Bang Holdings Provides Positive Year-End Business Update and Guidance; Company on Schedule to Monetize its Digital Media Network
Bang Holdings Provides Positive Year-End Business Update and Guidance; Company on Schedule to Monetize its Digital Media Network.
About this update from Bang Holdings Corp
[{"type":"text","content":"\n\n DENVER, Dec. 20, 2016 (GLOBE NEWSWIRE) -- Bang Holdings Corp. (OTCQB:BXNG), a digital advertising company that provides brand management, cannabis related digital content and influencer-based marketing primarily to the cannabis industry, today revealed its end of year business update and revised outlook from its Chairman and Chief Executive Officer Steve Berke.\n “Dear Fellow Shareholders: 2016 has been a year of growth for Bang Holdings Corp. and our wholly owned subsidiary, Bang Digital Media (www.bangdigitalmedia.com). As of today, Bang Digital Media (BDM) had grown its social network to close to 2.5 million subscribers -up 1.7 million from our mid-year report. With this being an important election year for cannabis and the nation, BDM saw average monthly content views of more than 94 million - an increase of 200% - during the month leading up to the election. Four states, including Florida, voted to legalize medical marijuana, and four more states voted to legalize for adult recreational use - including California, which is expected to see a legal cannabis market in excess of $6 Billion by 2020. BDM’s growth of both its social network and content views exceeded the mid-year projections previously made for this pair of KPIs (key performance indicators.) Bang Digital Media Monetization on Schedule The results of our organic marketing efforts in the marijuana space have us receiving weekly inquiries into Bang Digital Media services and products – which we believe puts us in a strong position to begin monetizing our platform in 2017. Company Develops First Digital Social Influencer BDM achieved what we believe to be a tech breakthrough in October. By selling products directly to the public and negotiating with them on price, TheDonaldBot became the world’s first Digital Social Influencer or “DSI” to make deals with people who had no idea they were speaking with an artificial intelligence chatbot. During the experiment, which consisted of 1,071 attempts to pitch live humans, the chatbot achieved a closing ratio of 5.6% - well above the ratio of most marketing methods.      TheDonaldBot was written about by both Forbes and Newsweek: http://www.newsweek.com/cannabis-firms-ai-trump-bot-tricks-humans-facebook-513742 http://www.forbes.com/sites/debraborchardt/2016/10/25...