Investee Company Update: Schoold

RNS Number : 5674U

FastForward Innovations Limited

08 April 2016

 

FastForward Innovations Limited

08 April 2016

FastForward Innovations Limited

("FastForward" or the "Company")

Investee Company Update: Schoold App featured in Apple App Store

Lorne Abony CEO of FastForward, an AIM listed company trading under the symbol FFWD, is pleased to announce that, on Thursday, April 7^th 2016, investee company Schoold announced that it has had its App categorised as a 'Best New App' in Apple's (US) App Store. FFWD has a 9.1% equity interest in Schoold.

App store features are highly coveted, Lorne Abony, said "with millions of Apps available to consumers, being one of the Best New Apps is a major milestone that only a fraction of App companies ever reach, we are grateful that Apple's team was in support of the Schoold App and its ability to significantly support students in their quest to find the best higher education choice.

Lorne continued, "The App store feature is a testament to Schoold's vision of making the college decision process easy for the next generation of students, we anticipate that the App Store feature will allow Schoold to organically reach an even wider audience almost immediately, and we are excited to be invested in a company who is innovating in such a valuable space".

"Our teams have been working non-stop to build the best app experience for students and parents, reaching 500,000 downloads in our first 30 days was a significant milestone for us and we couldn't be more thankful that Apple has taken notice" said Sourabh Ahuja, Schoold CEO.

Apple's App Store generates over $20 billion (USD) in annual sales and counts over 1.5 million Apps. The App store only features a small number of App's in its "Best New" category, which is displayed to App store users prominently.

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 FastForward 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. FastForward Innovations Limited assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

 

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