PHOENIX, AZ / ACCESSWIRE / March 23, 2017 / RAADR, Inc. (OTC PINK: RDAR),
a technology and software development company that monitors cyber bullying and social media platforms through its artificially intelligent proprietary web-based application, announced Thursday that they have finalized anticipated long-term financial backing and will be moving in the coming weeks to settle outstanding vendor debts and get the company current on reporting
Founder and CEO, Jacob DiMartino, disclosed in February that the company was in negotiation with a group of current investors, as well as an institutional investor to expand funding of RAADR, Inc. in order to "get solvent and back up to OTCQB."
The first priority is to contact vendors, including the application development team, to arrange for payment over the coming weeks and, once complete, necessary advancement and updates will be conducted on the mobile applications, moving the technology forward after a period of dormancy.
"This news and funding couldn't come at a better time," exclaims DiMartino. "We are poised to make some big moves with our technology, and everyone involved is excited about the future."
In addition to moving forward technologically, this backing also will allow for RAADR to file it's completed financials to return them to current reporting status.
This will open the door to qualifying for the OTC Pink Platform, which will prove beneficial for shareholders.
Ultimately, all of these efforts will publicly validate the company and build investor confidence and momentum.
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