Business
Friendable Announces Approval from OTC Markets Group, Inc. for OTC “Current Information” as the Company Completes Its Cost Cutting for 2023 and Focuses on Delivering New Opportunities to the Market
Friendable Announces Approval from OTC Markets Group, Inc. for OTC “Current Information” as the Company Completes Its Cost Cutting for 2023 and Focuses on Delivering New Opportunities to the Market.
About this update from Friendable, Inc.
[{"type":"text","content":"\n The Company’s Move to “Current Information” Alongside Significant Operational Savings Have Reduced the Capital Needs of the Company for the Remainder of 2023 as Technology Assets are Deployed in Markets Showing the Most Revenue and Growth Opportunities CAMPBELL, CA, April 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Friendable Inc. (OTC: FDBL) (the “Company”), a mobile technology, marketing, and software services provider, is pleased to announce its approval for “Current Information” as the Company has met all compliance requirements related to its application and has now been approved by OTC Markets Group, Inc. “As we entered 2023, we understood our main goal was to reduce costs, reposition the technology assets and leverage market opportunities without entering long, expensive development cycles, which can sometimes move a company beyond its window of opportunity. With cost cutting efforts having been completed, the Company is excited about 2023 as there are trending opportunities in markets that our technology is already suited for, and we expect to exploit these opportunities with our tech. This said, it’s all about how to rapidly iterate, provide white label opportunities or out of the box models that can scale with the right partnerships and nurturing what worked for us in 2022, which was the FeaturedX artist marketplace,” said Robert A. Rositano Jr., Friendable, Inc., CEO. “This combination approach, a TikTok focus for our tech and coming soon, yet another big market opportunity on the way. I am more excited about where we are today than back when we originally deployed our technology platform because now we can see all the various opportunity rather than chasing the only market we had originally designed for, hindsight truly is amazing in this regard. Thank you to all our investors, shareholders, supporters, and friends, you have never wavered in your support, and we are focused on delivering value and success with more exciting market opportunity to be announced shortly. I will continue driving the vision for our future as we use much of what we’ve already developed to push into new markets,” concluded Rositano Jr., Friendable, Inc., CEO. About Friendable Inc. Friendable Inc. is a mobile technology, marketing, and software services...