WORLDFLIX INC COM USD0.001 (OTCMKTS:WRFX) has received the much-needed financing needed for the development of its app for combating cyberbullying, Swantry. Phoenix Fund Management LLC has agreed to grant the technology firm a $7.5 million financing, for the project.
The Fund has agreed to provide the company long term funding under non-toxic structures as part of the $7.5 million deal. Phoenix Fund has also agreed to purchase and consolidate any outstanding debt as part of an effort that seeks to guarantee a stable market. The family owned investment fund will not only provide the much-needed financing for the development of the app, but also plans to be a long-term partner in other projects.
Swantry app once developed should provide WordFlix much needed opportunities for growth given that cyberbullying online has become a tragic issue affecting millions of young adult around the world. The technology company believes the app will command huge demand from parents as well as school officials looking to protect children from bullying online.
WordFlix Artificial Intelligence Plans
Away from the cyberbullying app, WordFlix has also confirmed that its app development business App Farm is currently working on a new niche app that is to be built around Artificial Intelligence. The company is looking to flex its muscles in the fast emerging spectacle that continue to attract huge investments from some of the biggest tech companies in the world.
The new AI app according to WordFlix will feature a patent-pending psychological profiling technology. The company has also confirmed that it is working with a number of psychological experts to ensure that the technology behind the app offers users ability to synchronize.
WORLDFLIX INC COM USD0.001 (OTCMKTS:WRFX) new app will help people cross-reference all social media platform using artificial intelligence while looking for people to engage with. The app could essentially be used for hiring, dating or other things that involve accessing huge data banks.
Life Clips Inc (OTCMKTS:LCLP) Closing In On NASDAQ Listing
Life Clips has once again reiterated how solid its prospects are, having filed S-1 registration that opens the door for its listing on the NASDAQ. The company is now hoping to raise $7.8 million to meet the needed capital requirements as it closes in on a possible listing before the summer of 2017.
The filling comes at the back of an impressive rally on the business execution front. The action camera maker has been inking distribution agreements for its flagship products all over the world as part of an effort that seeks to bolster sales channels.
Europe and Latin America are some of the markets that Life Clips Inc (OTCMKTS:LCLP) is maintaining a close eye on as it continues to explore new pathways for boosting sales. Its flagship recyclable and disposable battery Mobeego continues to enjoy a positive reception in the market seen by the kind of distribution deals the company has signed with the likes of Shepherd Limited and Barak Corporation Spain.