Jerrick Media Holdings (OTCQB: JMDA, JMDAD), a technology company and the parent company of Vocal, today announced financial results for the quarter ending June 30, 2020, including a substantial increase in revenues year over year and a 10% increase from the previous quarter. Among other highlights, the update reported an increase in revenue to $322,540 for the three months ended June 30, 2020, primarily attributable to the launch and steady growth of Vocal+ paid subscribers and the rising price points for Vocal for Brands campaigns. “We believe that Vocal will grow to approximately 10,000 Vocal+ paid subscribers and 750,000 Freemium members by the end of 2021,” Jerrick CEO Jeremy Frommer stated in the news release. “Our 2021 development roadmap for Vocal will work to support those objectives, with the implementation of features like referral fees to incentivize creators to help our efforts in expanding the Vocal platform.”
To view the full press release, visit http://ibn.fm/OCQyD
About Jerrick Media Holdings, Inc.
Jerrick is the parent company and creator of the Vocal platform. The company creates technology-based solutions to solve problems for the creative community. Through Vocal, Jerrick identifies and leverages opportunities within the digital platform and content monetization space. Since launching in 2016, Vocal has become home to over 600,000 content creators and brands of all shapes and sizes, attracting audiences across its network of wholly owned and operated communities. For more information, visit the company’s website at www.jerrick.media.
NOTE TO INVESTORS: The latest news and updates relating to JMDA are available in the company’s newsroom at http://ibn.fm/JMDA
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