FastForward Innovations Limited Market Update
November 29 2016 - 2:01AM
RNS Non-Regulatory
TIDMFFWD
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 info@fstfwd.co
Josh Epstein / Ian Burns
Peel Hunt LLP Tel: +44 (0)20 7418 8900
Dan Webster / Adrian Trimmings / George Sellar
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 29, 2016 02:01 ET (07:01 GMT)
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