VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 23, 2017) - Moovly Media Inc. (TSX VENTURE:MVY)(0PV2.F) ("Moovly" or the "Company") is pleased to announce that, after a series of key developments in 2016, Moovly was recently listed by Manzer Communications as one of the top 10 Belgian start-ups poised for growth in 2017. http://manzercommunications.com/belgium-startups-poised-to-grow-2017/.
The 2016 fiscal year was a busy year for Moovly with a number of key strategic objectives and achievements.
In addition to funding and technology advances, user activity levels on the Moovly platform increased significantly in 2016 with the number of logins up by 343% and the number of Moovs (videos) up by 266% as compared to the 2015 fiscal year.
Revenues also increased in 2016 with month on month revenues up by over 150%, direct revenue (corporates and professional services) up by 187% and calendar year revenue up by 147% as compared to the 2015 fiscal year.
Large blue chip corporations (>300 of the Fortune 500) began adopting Moovly in the 2016 fiscal year. In addition, Moovly has started to be adopted as an official and mandatory part of the curriculum of organizations in the educational sector.
"We require our students to exercise and demonstrate proficiency in making animated videos with Moovly. It is a great educational tool to increase their media literacy and to learn how to easily and quickly create journalistic content in a multimedia format."
- Peter Mast, Erasmus University College
Moovly also introduced several industry firsts in 2016, thus strongly extending its product and technology leadership:
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May: Moovly completed the transition to a new API rich platform delivering increased security, scalability and 3rd party access.
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September: Moovly launched a mobile app that makes showing and sharing content as well as capturing content direct seamless via direct synchronization.
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October: Moovly announced a partnership with VideoBlocks adding half a million 3rd party video, image and sounds digital assets and thus taking leadership in content by more than a magnitude over competition.
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November: Moovly launched a beta of full feature HTML5 based editor with video and animation capability and the first integration of VideoBlocks content.
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December: Moovly launched Moovly Video Generators, a fully automated mass customization solution for video generation based on user generated, data base or data stream input.
The Company also added a dedicated sales and marketing team in the second half of the 2016 fiscal year as it prepares for growth in 2017. Processes and technological requirements were identified and put in place to drive further growth and be ready for scalability on the e-commerce side in 2017.
Brendon Grunewald, CEO of Moovly, stated, "The 2016 fiscal year was an important year for Moovly with the focus primarily on the company's public listing and associated funding and the need to replace our original platform and bring out some industry leading products in preparation for 2017. The 2016 fiscal year also saw the company significantly expand its sales and marketing team, systems and processes in preparation for 2017. The company is thus well positioned both technically and commercially for further advances in our offering to, and traction in, the market."
About Moovly:
Moovly is a cloud based multimedia platform that enables people to create engaging multimedia content by making it affordable, intuitive and simple. Users choose from extensive animated content libraries in various styles and can add their own images, movies and sounds to create captivating videos and presentations. Finished work is published on major social channels like Facebook and YouTube, shared for viewing or editing in the online Moovly User Gallery or downloaded with the click of a button.
Today Moovly is used in education, businesses of any size and government, non-government and non-profit organizations. Moovly is also adopted by private consumers and broadcasters to create videos that explain, promote, engage, inspire, educate and entertain. Videos can be played on mobile devices, TV screens, digital billboards and more.
Moovly makes video content recyclable, easy to edit, fast to update and possible to translate, all in-house. Powerful business features include API access, custom style and brand libraries, total white-label option, custom user interface capability, high-level security, premium support and commercial boost services. The platform is accessible from computers as well as iOS mobile devices.
For additional information regarding Moovly, please refer to its website at www.moovly.com.
Reader Advisory
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward looking statements and information with respect to Moovly's future business plans and the expected benefits of its products. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because the Company can give no assurance that they will prove to be correct.
By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, Moovly's inability to continue to commercialize its products or demand for its products decreases or disappears. Other risk factors are set forth in detail in the Company's Management Information Circular dated March 30, 2016 which is available for review under the Company's corporate profile at www.sedar.com. Some other risks and factors that could cause the results to differ materially from those expressed in the forward-looking information also include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, unanticipated operating events; failure to obtain any necessary third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital and skilled personnel; changes in tax laws; and the other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
