iHookup Social Inc (OTCMKTS:HKUP) suffered a big fall yesterday, which forced the company to come out with something positive to cheer the investors. Early this morning, the social app company said that its rankings have surged on Apple Inc (AAPL)’s App Store and iPad platform.
Improved rankings on Ipad
While giving away detailed information, iHookup Social Inc (OTCMKTS:HKUP) said that it ranked at number 28 in Social Networking category for iPad apps in the month of June 2015. At the same time, it succeeded to take 63rd position for top grossing iPhone app in the U.S. The company added that its app has made it to 95 app stores and countries across the globe.
iHookup Social Inc (OTCMKTS:HKUP)’s CEO, Robert Rositano Jr. said that the company’s improved performance in the App Store rankings is helping them to grow organically. He highlighted that a user has multiple options to make under the social networking category on an iPad, but, the company’s improved rankings evidences its growing appeal among the users. Furthermore, the growth is encouraging and supports the company’s decision to expand to the Android device market.
Focus on gaining market valuation
Rositano said that their hunger to expand aggressively is inspired by the app publishers such as ‘What’sApp’, which has been recently acquired by Facebook for as much as $19 billion. He cited the valuation of Tinder, which is worth $450 per user as per the 2014 findings. Hence, the company aims to grow its user base in pursuit of a sizable market valuation, which will ultimately deliver returns to the shareholders.
Earlier last week, iHookup Social Inc (OTCMKTS:HKUP) had announced the completion of the acquisition of intellectual property assets, including trademark, domains, registration of “friendable.” The stock of the company was down by nearly 12% to $0.0121 during the previous day. A total of 9.13 million shares recorded exchange during the day.