Investee Company Update - Yooya

RNS Number : 9177W

FastForward Innovations Limited

03 May 2016

 

3 May 2016

FastForward Innovations Limited

("FastForward" or the "Company")

Investee Company Yooya reaches 20 Platform Partners, 95% reach

AIM listed FastForward Innovations Limited trading under the symbol FFWD ("FastForward" or the "Company" or "FFWD") is pleased to announce that its investee company Yooya, in which it holds a 15% interest, has recently signed its most recent major platform partner, bringing its number of platform partners to 20. Platform partnerships are significant for Yooya as they are a key indicator of the size and breadth of Yooya's potential consumer reach.

FastForward CEO, Lorne Abony was quoted "We are very pleased that Yooya has reached its 20^th platform partnership, a year early. Furthermore, we are delighted that Yooya now counts every major online video platform in China as a partner and, combined, Yooya now reaches 95% of the China online video market, Yooya is in great company, partnered with leading Chinese Internet brands such as Youku, Tudou, Tencent and many others, these are some of the most prestigious internet and consumer brands in China"

Yooya's announcement as follows:

Yooya Hits 20 Platform Partner

 Milestone One Year Early

[SHANGHAI, 28 April 2016]  China's online video network Yooya has now signed twenty platform partners, reaching this milestone a year ahead of schedule. Yooya also continues to add new content partners, and is driving over 250 million video views each month.

In hitting this significant milestone, the company has now put in place comprehensive commercial and distribution deals with every major video platform in China, including Youku, Tudou, iQiyi, Tencent QQ, Sohu, Bilibili, 163, PPTV, Acfun, Wasu, Meipai, HunanTV, LeTV, V1, Toutiao, Wechat, Miaopai, Meila, Meili, and Sina.

"With these new platform partners, Yooya has more than 95% reach into China's online video market that boasted 450 million video users in 2015. The figure is projected to rise to 700 million video users by year-end," according to Yooya CEO Rick Myers. 

"As a central distribution hub, Yooya now removes the complexity for rights owners and content creators to get broad access to the entire China market.

"For advertisers, reaching our latest major milestone provides unrivalled opportunities to engage with their targeted audiences," Mr Myers adds.

Yooya's online video platform brings together content creators, online video platforms, and advertisers for the benefit of all three. Yooya provides distribution, rights management, and powerful new advertising solutions that both monetize content and create marketing opportunities, while also providing quality, rights-protected content to China's voracious consumers of online video.

About Yooya

Yooya is one of China's fastest growing online video networks and provides comprehensive content distribution, rights management, and video-based advertising solutions.

Yooya's one-stop, technology-driven approach to online video in China delivers broader distribution, better data & analytics, superior monetization, and more effective video advertising solutions to the company's clients. 

Media

Tel:                  [phone]

Email: [e-mail]

Website:         www.yooya.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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