Investee Company Update

RNS Number : 2488U

FastForward Innovations Limited

05 April 2016

 

FastForward Innovations Limited

05 April 2016

FastForward Innovations Limited

("FastForward" or the "Company")

Investee Company Update: Yooya exceeds 4 Billion Lifetime Views

Lorne Abony CEO of FastForward an AIM listed company trading under the symbol FFWD, is pleased to update investors on the significant progress made by  its investee company Yooya, namely that Yooya has now exceeded the significant milestone of 4 Billion Lifetime views.

As announced by Yooya:

"Online video network Yooya announced that it has now achieved over four billion lifetime views, with more than 2.75 billion added in the last seven months. The combination of an increasing number of distribution partners and a growing stream of compelling new content on the platform drove this astounding 25% month-over-month growth.

Yooya has been instrumental in helping content producers monetize China's fragmented online video market by providing a single platform for content distribution, rights management, and advertising solutions. Yooya brings together many key components essential to the equation, including licensing at scale, automated ad sales, consolidated data & analytics, and dramatically simplified content distribution.

For advertisers looking to tap into the large-scale engagement online video in China offers, Yooya provides a single point of contact to access distribution across all major video platforms and access to hundreds of channels covering key advertising demographics and interest categories.

 "Yooya viewership continues to grow at an astounding rate," said Yooya CEO Rick Myers. "This growth reflect the exploding popularity and enormous power of online video in China, but more importantly for rights owners and advertisers, it means that finally there is a viable managed platform on which to build better monetization and more effective video-based advertising."

Yooya was recently rebranded from Entertainment Direct Asia.

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". 
 

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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