TORONTO, June 19, 2015 /CNW/ - Frankly Inc. (the "Company") (TSX VENTURE: TLK) announces that Christopher Haire has joined the Company as Vice President, Engineering. The Company's subsidiary, Frankly Co., and Mr. Haire entered into an employment agreement on June 10, 2015, with Mr. Haire's employment term set to begin on or about June 29, 2015. The Company also announces that it entered into an investor relations service agreement with TMX Equicom Group Inc. ("TMX Equicom"), a wholly-owned subsidiary of TMX Group Inc. (the "Agreement") effective June 18, 2015. Mr. Haire's hiring and the Agreement are subject to the approval of the TSX Venture Exchange.
New Vice President, Engineering
Mr. Haire joins the Company with a wealth of experience in the areas of engineering development and technical strategy for mobile and web-based software applications. Most recently Mr. Haire was a technical leader and director of engineering with Zynga Inc., a provider of social video game services headquartered in San Francisco, California. In his role with the Company Mr. Haire will be responsible for leading the technology development component of the Company's product and services and will report directly to the Company's Chief Executive Officer, Steve Chung.
Commenting on the hiring of Mr. Haire, Mr. Chung stated, "We are very pleased to have Christopher join our team as VP, Engineering. Christopher's career includes extensive development and operating experience and his talents and expertise will have a positive impact on the Company's operations and product development."
Investor Relations Services
TMX Equicom will assist the Company by providing ongoing investor relation services and strategic corporate communications. The initial term of the Agreement is for one year, subject to renewal or earlier termination by either party under the terms of the Agreement. TMX Equicom will receive a monthly fee of $7,500 throughout the term of the Agreement. Neither TMX Equicom nor any of its principals have an ownership interest, directly or indirectly, in the Company or its securities, nor has TMX Equicom granted TMX Equicom or its principals any rights to acquire such interests.
The Agreement was entered into following the termination of the Company's investor relation services agreement with Transcend Capital, effective June 15, 2015.
The Company is a next generation "chat-as-a-service" technology platform that brings dynamic conversation and direct consumer engagement to mobile app experiences. The Company aims to unlock the power of messaging for every platform by seamlessly enabling access to conversations that matter most to individuals and communities. Through the simple integration of our Chat SDK, the Company's technology can be inserted into a website or mobile application to provide a customizable version of the Company's messaging technology. The Company is currently working with many partners across several industries. The Company also offers Frankly Chat, a free, mobile messaging application for iOS and Android devices. Frankly Chat has over 2 million downloads, and is focused on user privacy by offering ephemeral messages with unsend capabilities.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Information
This release includes forward-looking statements regarding the Company. Forward-looking statements contained in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the said forward-looking statements. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
To learn more about Frankly, please visit www.frankly.com.
SOURCE Frankly Inc.
For further information: Conrad Seguin, TMX Equicom, 416.815.0700 x251, [email protected] or Frankly Inc., Steve Chung, Chief Executive Officer, 415.861.9797