Decentral Life Inc (WDLF)

[Lakota-45]

From the 8-K Recap - April 7, 2021 ;

Social Life Network (OTC: WDLF) 10-K Recap and 2021 Growth Plans:

LOS ANGELES, CA / April 7, 2021 / Social Life Network, Inc. (OTC: WDLF) a Tech Business Incubator, provided shareholders with a video update on April 5th, following their 2020 Form 10-K filing on March 31st. The update included the following topics relating to the Company’s 2020 achievements, and its 2021 growth plans. The shareholder video update can be viewed by visiting https://www.SocialNetwork.ai/podcast

Topics discussed in the shareholder update were:

10-K review:

1 - Business model as a Tech Business Incubator (TBI) and how Social Life Network generates revenue and value from their ten TBI licensees;
2 - 2020 financial overview, including the reduction of annual expenses from $4.85M in 2018, to $3.59M in 2019, to $536K in 2020;
3 - All convertible debt from 2019 and 2020 was completely retired by Q1 of 2021;
4 - MjLink debt owed to the Company of $364,688 was paid in full during Q1 of 2021;

TBI licensee update:

1 - MjLink progress overview for their Reg A pre-IPO
2 - HuntPost and LikeRE preparing for a Reg A pre-IPO offerings, and both companies will begin a podcast series in April to educate shareholders on growth and Reg A progress.
3 - RacketStar, GolfLynk, FutPost and CycleFans will begin a podcast series in the coming weeks to educate shareholders on their 2021 growth plans.
4 - TBI Licensee agreements were changed for 2021 so that each licensee will generate more revenue for Social Life Network, than the previous licensing agreements for 2020.
5 - The launch of three new networks in Q2 of 2021, for Motor Sports, Space, and the RV industries, with launch dates TBD.

“We are happy to report a tremendous year of growth in 2020,” said CEO Ken Tapp. “The tech companies in our incubator program saw a substantial increase in user growth during 2020, in part due to social distancing measures carried out worldwide. We significantly strengthened our balance sheet by eliminating all debt that we accumulated in 2018, 2019 and 2020, while managing to reduce our annual expenses by 89% from $4.85M in 2018 to just $536,507 in 2020. Management expects 2021 to be a breakthrough year for the company and its shareholders.”

“Director Todd Markey, goes on to say:

“Now that our convertible debt has been completely eliminated, as well as our success in getting MjLink.com, Inc. qualified for a Regulation A Tier 2 pre-IPO offering in late 2020, we hope that our shareholders have now developed a much greater sense of confidence with management’s ability to continued growth in 2021, and beyond.”

~ WDLF / MjLink