"The Company has been quiet in recent months due to the confidential nature of the negotiations with our funding partners, as well as the issues surrounding our partner relationship. I would like to send my sincere apologies to our shareholders that had requested information on the status of both Fan Pass and Friendable over the previous months, as we were simply advised to stay quiet until an agreement was reached. We have been through several rounds of negotiations to achieve this short-term financing that allows Friendable to pursue our strategy for diversification and are pleased to announce its completion," continued Rositano Jr., CEO. "
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