Market Update

RNS Number : 3455Q

FastForward Innovations Limited

29 November 2016

 

29 November 2016

FastForward Innovations Limited

("FastForward", the "Group")

Market Update

FastForward, an AIM listed company trading under the symbol FFWD, is pleased to announce the following updates in its portfolio companies:

Yooya:

Yooya reports that it has exceed 1 billion monthly video views of its China-based Online Video network, a significant milestone for the company.  Yooya also reports:

·     600% growth in monthly video views over the prior 12-month period.

·     Yooya continues to attract major video publishers (creators) in China, contributing to its growth in viewership.

·     With over a billion monthly views, Yooya now offers the scale and size in audience that major, global advertisers require, providing opportunities in both standard video advertising, as well as sponsored video and other unique video advertising types.

Moon Active:

Moon Active reports that it has made significant advancements in its plan and reports:

·     In the quarter to 30-Sept-16, Moon Active has nearly doubled revenues from the previous quarter.

·     Moon Active's growth strategy is performing above its expectations and their management has decided to substantially increase its marketing and personnel to support its expansion to global markets, namely in support of its latest and most popular title Coin Master.

·     Moon Active has achieved significant milestones in improving its proprietary technology including its own in-house gaming infrastructure and its in-game mechanics.

Schoold:

Schoold reports that it has made significant traction in recent months with the launch of its first commercial product, named Viewbook and gaining significant media exposure.

·     Schoold was recently featured in the Huffington Post and Forbes Magazine, the former naming Schoold "The Amazon for Education".

·     Viewbook product, has been formally released:

o  Schoold saw a strong response to this product and has already signed over 20 paying US-based Colleges & Universities.

o  Schoold contracts with its clients on a yearly basis and reports that a number of clients have signed multi-year agreements.

o  Schoold believes there is a large market for this product; marketers at Colleges & Universities in the US spend over $5 billion per annum marketing to prospective students in the United States.

·     Schoold plans to begin marketing the program to the over 3,300 colleges and universities in the United States immediately.

o  Schoold plans to expand to international universities in 2017.

Lorne Abony, CEO of FastForward commented, "As we look across our portfolio we continue to see strong growth amidst our investee companies. Progress is incredibly positive and very encouraging. Moon Active had a fantastic quarter, we are very happy with the progress of that team. At Schoold, the interest in their Viewbook product has been outstanding, which speaks to the value in the network of over 1 million students they have attracted to their app. Yooya exceeding 1 billion monthly views makes them one of the biggest player's in China's online video industry".

For further information on the Group and its investments please visit www.fstfwd.co or contact:

FastForward Innovations Limited [e-mail]

Josh Epstein / Ian Burns

Peel Hunt LLP Tel: [phone]

Dan Webster / Adrian Trimmings / George Sellar

 

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