|By PR Newswire||
|August 4, 2014 02:26 PM EDT||
KAHULUI, Hawaii and SANTA MONICA, Calif., Aug. 4, 2014 /PRNewswire/ -- FlikMedia, Inc. (formerly, Crossbox, Inc.) OTCBB: FLKM announced today that it has completed the acquisition of Flikdate, Inc. (www.flikdate.com) through a merger transaction consummated on July 26, 2014.
The Company announced that as a result of the Flikdate™ Merger, that they are now a digital media company focused on designing, developing and bringing to market proprietary and patented video applications for use on mobile platforms. As a result, we changed our trading symbol from CBXX to "FLKM."
Flikdate™ has developed a patented software application for iOS and Android mobile devices to enable men and women to engage in live video social "dating" interaction on their smartphones, referred to as a "social discovery application" for online dating. The technology permits users to go on a virtual date and quickly swipe - or "flik" in the parlance of the application – between multiple users at any given time. We believe that Flikdate™ is the world's first video speed dating platform, which was also developed with an internal monetization process whereby users create revenue events for the Company each time the video dating service is utilized.
FlikMedia owns intellectual property that we rely on for our primary mobile app, Flikdate™, including our proprietary software for integrated video delivery and mobile video monetization (USPTO registration US20140043426 A1). Our technology powers the Flikdate™ application.
Mr. Nick Bicanic, the Chief Executive Officer of both FlikMedia and Flikdate, stated "We believe that the intellectual property we have created enables the process of leveraging direct video interactions, and it has potential implications far beyond the social and dating interaction areas of digital media. We are enthusiastic about Flikdate™ and also believe that our technology will enable us to build Flick Media as a platform for video based interaction and communication, well beyond the internet dating industry."
Flikdate™ enables users to quickly test their "instant chemistry" through video on their smartphone. Face-to-face "dates" are intended to save users hours of time over legacy online dating sites and help avoid uncomfortable – or unsafe – real world encounters with members who do not match their profile and or their picture, making Flikdate™ an extremely safe "Dating Authentication" application for mobile users.
According to independent research firm IBIS World, the online dating industry historically generates revenue principally from monthly subscriptions (USD $2.0 billion in 2013). Mr. Bicanic noted, "We believe existing legacy subscription business model does not optimize revenue or user experience in the mobile environment. Our Flikdate™ technology has been engineered for a clearly defined transactional revenue model to enable us to avoid a subscription based model entirely, through the sale of a virtual currency called 'Fliks.' Fliks permit members to 'play or engage people they are interested in' by swiping through recommended members. Each swipe uses a Flik. 'Fliking' is designed to increase user engagement by being more like a game. We believe the 'gamification' of dating is important to expanding our potential market audience and our revenue generating capabilities."
Mr. Arben Kryeziu the co- inventor of Flikdate™ and our Chief Technology Officer added "We believe that the nature of human behavior is to continue to look at potential matches and the individual user's selection process for people that they would like to actually chat and or meet with for a date strongly supports this incremental revenue model. Of course, some people will purchase more fliks than others, but we feel confident that our model will be more sustainable and potentially more lucrative than monthly subscriptions that turn over frequently."
According to independent research firm Newzoo, an international full service market research and consulting firm, focused completely on the games industry, the mobile casual gaming revenues surpassed USD $17 billion in 2013, or 23% of the global games market and in 2017, mobile game spending will surpass USD $35 billion, or 34% of the total market.
Mr. Bicanic stated, "The success that Tinder and Snapchat have enjoyed as a result of rapid consumer adoption as casual social interaction platforms is further evidence that we are in an engaging and potentially rewarding space with our proprietary video based application. However we believe they lack the transactional revenue model that Flikdate™ has integrated from its beginning."
Mr. Bicanic also noted "The early critics of Facebook™ did not believe that the company could transition into a mobile monetization model, and they have been proven wrong. We believe that mobile online dating monetization has the potential to follow a similar customer utilization trajectory when compared to brands such as Facebook™ and Snap Chat™."
The Flikdate™ application has already received media attention, including appearances on television via the Good Morning America Show, The Steve Harvey Show, and in print within GQ magazine and the USA Today newspaper publication.
Mr. Bicanic also stated, "We believe the fundamentals of the mobile online dating business are favorable. According to IBIS World, a leading publisher of business information since 1971, the dating services industry continues to expect strong demand in the next five years, and the estimated revenue for the mobile dating market is expected to nearly double in the next five years, with rising smartphone adoption and new location-based features leading the market. IBIS World also expects continued consolidation within the dating services industry which has risen throughout the past five years and concludes that industry consolidation is largely the result of increased mergers and acquisitions, as larger companies acquire well-established dating sites and companies to increase the density of their consumer bases."
In anticipation of the Flikdate™ acquisition, Crossbox, Inc. recently changed its name to FlikMedia, Inc. Under the terms of the transaction, FlikMedia issued shares of our common stock to the former Flikdate™, Inc. stockholders representing 71.5% of our 45,151,287 currently outstanding shares. The terms of the transaction are fully described in our Form 8-K filed with the SEC on July 29, 2014.
In connection with the transaction, FlikMedia is now managed by the Flikdate™ executives, including Nick Bicanic, former CEO and co-founder of EchoEcho, a company funded by Google Ventures, and the inventor of the patent on which Flikdate is based. The Company is also led by Mr. Olivier Chaine, whose 14-year career, included serving as Vice President of Web Operations at LowerMyBills.com, which was sold to Experian. Mr. Chaines value to the Company has been - in assisting the Company in the sales and marketing of their patented software-based technology.
Also in a recent related development, Mr. Arben Kryeziu has been named as the Chief Technology Officer of FlikMedia and Flikdate. Based on Hawaii and New York City, Mr. Kryeziu is a co-founder and investment committee member of mBloom Fund, LP a high tech venture fund funded by the State of Hawaii. mBloom is an investor in Flikdate™.
About FlikMedia, Inc.
FlikMedia is a mobile digital media company focused on designing, developing and bringing to market proprietary and patented video applications for use on mobile platforms. Flikmedia owns and operates Flikdate™, a social discovery engine that is based on the Company's patented technology. Flikdate™ is an iOS and Android based app that allows mobile users to engage in live video social dating in a "face-to-face" environment designed to test two individuals "instant chemistry." We believe that our founders have significant expertise in web-based video applications and hold five US patents on methods and systems for compressing, encrypting, streaming, and playing media data. FlikMedia intends to commercialize its video technology in several vertical industries, including job search, customer support, and gaming. In select instances FlikMedia also intends to white label its technology to third party businesses with an already established customer base in exchange for share of the revenue.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this document include certain predictions and projections that may be considered forward-looking statements under securities law. These statements involve a number of important risks and uncertainties that could cause actual results to differ materially including, but not limited to, lack of consumer acceptance and demand for our products, insufficient working capital to expand our technology and engage in marketing of our products, intense competition from larger and more well-established companies, and other economic, competitive and technological factors involving the Company's operations, markets, services, products, and prices. With respect to FlikMedia, Inc. and its Flikdate™, Inc. subsidiary, the matters discussed in this document are forward-looking statements involving risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.
Chief Marketing Officer
SOURCE FlikMedia, Inc.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Dec. 22, 2014 11:00 AM EST Reads: 2,362
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
Dec. 22, 2014 11:00 AM EST Reads: 1,471
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover how hardware commoditization, the ubiquitous nature of connectivity, and the emergence of Big Data a...
Dec. 21, 2014 02:00 PM EST Reads: 2,447
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 21, 2014 01:00 PM EST Reads: 2,043
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
Dec. 21, 2014 11:30 AM EST Reads: 2,450
SYS-CON Events announced today that IDenticard will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada. Our partner network encompasses some 300 of the world's leading systems integrators and security s...
Dec. 21, 2014 10:00 AM EST Reads: 2,201
ARMONK, N.Y., Nov. 20, 2014 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it is bringing a greater level of control, security and flexibility to cloud-based application development and delivery with a single-tenant version of Bluemix, IBM's platform-as-a-service. The new platform enables developers to build ap...
Dec. 21, 2014 06:15 AM EST Reads: 2,174
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 20, 2014 08:00 AM EST Reads: 1,460
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Dec. 18, 2014 09:45 PM EST Reads: 1,308
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 18, 2014 09:00 AM EST Reads: 1,426
Nigeria has the largest economy in Africa, at more than US$500 billion, and ranks 23rd in the world. A recent re-evaluation of Nigeria's true economic size doubled the previous estimate, and brought it well ahead of South Africa, which is a member (unlike Nigeria) of the G20 club for political as well as economic reasons. Nigeria's economy can be said to be quite diverse from one point of view, but heavily dependent on oil and gas at the same time. Oil and natural gas account for about 15% of Nigera's overall economy, but traditionally represent more than 90% of the country's exports and as...
Dec. 18, 2014 06:00 AM EST Reads: 979
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
Dec. 17, 2014 11:15 PM EST Reads: 1,469
"At our booth we are showing how to provide trust in the Internet of Things. Trust is where everything starts to become secure and trustworthy. Now with the scaling of the Internet of Things it becomes an interesting question – I've heard numbers from 200 billion devices next year up to a trillion in the next 10 to 15 years," explained Johannes Lintzen, Vice President of Sales at Utimaco, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 17, 2014 11:00 PM EST Reads: 1,519
"For over 25 years we have been working with a lot of enterprise customers and we have seen how companies create applications. And now that we have moved to cloud computing, mobile, social and the Internet of Things, we see that the market needs a new way of creating applications," stated Jesse Shiah, CEO, President and Co-Founder of AgilePoint Inc., in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 17, 2014 08:00 PM EST Reads: 1,482
SYS-CON Events announced today that Gridstore™, the leader in hyper-converged infrastructure purpose-built to optimize Microsoft workloads, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Gridstore™ is the leader in hyper-converged infrastructure purpose-built for Microsoft workloads and designed to accelerate applications in virtualized environments. Gridstore’s hyper-converged infrastructure is the industry’s first all flash version of HyperConverged Appliances that include both compute and storag...
Dec. 17, 2014 06:30 PM EST Reads: 1,450
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
Dec. 17, 2014 11:45 AM EST Reads: 1,592
We certainly live in interesting technological times. And no more interesting than the current competing IoT standards for connectivity. Various standards bodies, approaches, and ecosystems are vying for mindshare and positioning for a competitive edge. It is clear that when the dust settles, we will have new protocols, evolved protocols, that will change the way we interact with devices and infrastructure. We will also have evolved web protocols, like HTTP/2, that will be changing the very core of our infrastructures. At the same time, we have old approaches made new again like micro-services...
Dec. 16, 2014 11:45 PM EST Reads: 1,447
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
Dec. 15, 2014 11:45 PM EST Reads: 1,799
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Dec. 15, 2014 10:30 AM EST Reads: 6,949
As the Internet of Things unfolds, mobile and wearable devices are blurring the line between physical and digital, integrating ever more closely with our interests, our routines, our daily lives. Contextual computing and smart, sensor-equipped spaces bring the potential to walk through a world that recognizes us and responds accordingly. We become continuous transmitters and receivers of data. In his session at @ThingsExpo, Andrew Bolwell, Director of Innovation for HP's Printing and Personal Systems Group, discussed how key attributes of mobile technology – touch input, sensors, social, and ...
Dec. 15, 2014 10:00 AM EST Reads: 2,005