CAMPBELL, CA -- (Marketwired) -- 05/11/16 -- Friendable, Inc. (OTC PINK: FDBL), today announced the April download numbers of its Friendable app, a ranking increase in certain markets and stats that show the average time spent in the app is rapidly increasing.
For April, the Company posted total downloads of 28,954 with 13,797 originating from Apple's iTunes App Store and 15,157 coming from Google's Android Play Store. This represents a 10% increase in downloads over March 2016.
Friendable's ranking increase was noticed in the Canadian and US marketplaces. The Friendable App spiked to the third most downloaded app against all paid (Apple App Store) social networking apps in Canada and in the US spiked to reach the number 57, putting overall rankings in both countries up significantly.
The Company has also seen a dramatic increase in its free app user session times (time spent in app) over previous months and shows a 100% increase internally. Industry standard is approximately 35 seconds on iOS social networking apps. Friendable's current user base consistently topped 1 minute for the month of May 2016. (Source: Flurry)
See Flurry Charts Showing Session Time Distribution and Median Session Times: Green Line Industry Standard - Blue Line "Friendable"
"As our download numbers continue to show consistent growth, we intend to test additional, and add new media features within the app and expand our reach to potential new users, measuring the effectiveness against downloads and registered user profiles," said Robert Rositano, Jr., CEO, Friendable, Inc. "Our market penetration is improving as our brand becomes more well-known and we believe increased frequency from video views, celebrity relationships and mobile advertising will continue to increase our downloads and overall active user metrics."
"We are also pleased to see a significant lift in the amount of time users are spending in the app. This is very exciting because the more users we have and the more time they spend in the app, the more valuable we believe our social network 'Friendable' becomes." http://www.otcmarkets.com/stock/FDBL/news
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