Friendable (OTC: FDBL), a mobile technology, marketing and software services provider, plans to submit federal and state-level grant applications in the areas of technology, business and commerce. The company made the announcement, noting that the decision to submit the applications is based on the company’s effort to reduce the costs of acquiring capital; FDBL believes this can be accomplished combining grant submissions with traditional fundraising efforts thereby positioning the company to achieve development and growth capital on a less dilutive basis overall, specifically in relationship to its focus on complement U.S. efforts to ban or replace the TikTok app. “Our efforts remain focused as we set our sights on combining grant funding with traditional capital-raising efforts,” said Friendable CEO Robert A. Rositano Jr. in the press release. “It seemed only logical to explore federal and state level technology grants as the U.S. House of Representatives Foreign Committee voted on a bill that would, on the surface, give the U.S. government the ability to impose a full ban on TikTok, under the Emergency Economic Powers Act. Seeing this unfold has led us to believe there is tremendous power in partnering with the U.S. government in any way shape or form, which I believe can start with technology grants that may assist and align with the goals set out by the U.S. Foreign Affairs Committee. I see opportunity on many fronts as we compartmentalize our technology and platforms for the opportunities that are right in our path. Stay tuned for additional white-label market opportunities we’ve identified for our technology as well.”
To view the full press release, visit https://ibn.fm/MA8xI
About Friendable Inc.
Friendable is a mobile technology, marketing and software services provider. The company has developed a base of technologies that have been productized beginning in 2013 and is now leveraging these various technologies to power certain Friendable-owned brands, as well as white-label offerings to companies or entrepreneurs seeking to enter an existing market quickly and cost effectively, leveraging the many years of technology developed and owned by the company. Friendable is also involved in the marketing, development and identification of products, services or brand opportunities the company feels have mass market potential and scalability. Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, who have more than 27 years of experience working together on technology-related ventures. For more information about the company, visit www.Friendable.com.
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