Investee Company Update: Schoold

RNS Number : 9852T

FastForward Innovations Limited

04 April 2016

 

FastForward Innovations Limited

04 April 2016

FastForward Innovations Limited

("FastForward" or the "Company")

Invetee Company Update: Schoold Launches App and surpasses 500,000 downloads

Lorne Abony CEO of FastForward an AIM listed company trading under the symbol FFWD, announces that its investee company Schoold has successfully launched its mobile app and has achieved 500,000 downloads in its first month since launch.

Schoold is an innovative, San Francisco based college planning startup headed by Joe E. Ross, a widely recognized expert education technology leader, as its President and COO.

Sourabh Ahuja, CEO of Schoold, further stated that "Schoold has been funded by FastForward and other strategic investors to ensure the rapid adoption that Schoold's app is experiencing. This is a strong endorsement of Schoold's vision, approach and the underlying technology driving the product. We look forward to building Schoold into the de facto, go-to-app for students and parents alike."

Since the release of its mobile app just 30 days ago, college-bound students and parents have downloaded its namesake app more than 500,000 times. Schoold is a college and career planning app that helps young people and their families plan their educational futures. Launched in late February in the Google Play Store, Schoold vaulted to the number one top free college search app. The following week, Schoold released its iOS app, which also climbed quickly to hover as a top-15 free app in the App Store. The Schoold app has an average rating of more than 4.5 stars and is available for free download in the App Store and Google Play.

The strong reception of the Schoold app comes at a pivotal time. April 1 is the last day by which college admissions decisions are expected by millions of anxious high school students awaiting word about where they've been accepted. Students generally have until May 1 to decide and commit to a college. Schoold's entry into the market comes at the perfect time to help college-bound students and their parents make the best decision possible about where to invest their tuition dollars. Schoold pulls together hard-to-find, disparate data about thousands of colleges and puts all the key metrics in one place, including graduation rates and salary projections, differentiated by each major at each college.

"The choice of a college and a major literally sets the stage for a young person's future career options, earning potential, and job satisfaction," added Schoold President and COO Joe Ross. "Schoold simplifies an unnecessarily confusing, complex process for students and families with a customized, intuitive app powered by rigorous data science."

ABOUT SCHOOLD

Schoold is a private technology company empowering students to make informed decisions. Students face many challenges today, and with Schoold, students get personalized information they need to help them lead happy, successful lives, creating a brighter future for everyone. Learn more at www.schoold.co.

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For further information please visit www.fstfwd.co or contact:

FastForward Innovations Limited Tel: [phone] Elysium Fund Management Limited

Beaumont Cornish Limited (Nomad) Tel: [phone] James Biddle / Michael Cornish

Peterhouse Corporate Finance Limited (Broker) Tel: [phone] Guy Miller / Lucy

Williams

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of Kuala Innovations Limited and the companies in which it invests. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Kuala Innovations Limited assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

 

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