Moovly Media Inc. (MVVYF)

[H8ster]

Moovly Media Reports Subscriber Growth Following Studio Editor Launch

VANCOUVER, CANADA -- (Nasdaq – August 29th, 2017) Moovly Media Inc. (TSX VENTURE: MVY) (FRANKFURT: 0PV2) ("Moovly" or the "Company”) is pleased to report that it has experienced a significant growth in both paid and educational subscribers subsequent to the launch of its HTML5 based editor product, branded “Moovly Studio”.
Moovly is currently enjoying a 60% annualized growth rate in registered users (with a current monthly growth rate of 4%, during the first 6 months of 2017).
Moovly Studio HTML5 was launched in the second fiscal quarter (“Q2”) and the result has been a 64% increase in quarter-on-quarter paid subscriptions.
Brendon Grunewald, CEO of Moovly, commented, “Our results to date from Q2 validate the Company’s decision to be an early mover in the HTML5 based Video Editor space. Many of our competitors are still reliant on Flash technology, which is being discontinued. This immediate and enthusiastic adoption by our users gives us great confidence that Moovly is primed to become a leader and innovator in this industry.”

https://www.moovly.com/wp-content/uploads/2017/08/Moovly-Q2-and-Education-PR-Aug-29-2017-Final.pdf