(via Thenewswire.ca)
TORONTO, ONTARIO / TheNewswire / February 24, 2015 / Frankly Inc. ("Frankly") (TSX VENTURE:TLK), a next generation "chat-as-a-service" technology platform, is pleased to announce that it has entered into a consulting agreement with Transcend Capital Inc. ("Transcend") to provide investor relation services, subject to TSX Venture Exchange (the "Exchange") approval. Transcend will assist Frankly in increasing public awareness by managing Frankly's communications and ongoing engagement with shareholders, finance professionals, and the investment community at large.
The initial term of the agreement between Frankly and Transcend is for one year, subject to renewal or earlier termination on thirty days' notice by either party under the terms of the agreement. Transcend will receive a monthly fee of $10,000 throughout the term of the agreement. In addition, subject to Exchange approval, Transcend will be granted 10,000 options of Frankly, each with an exercise price of $2.69. The initial vesting date of the stock options will be the anniversary of the grant date, at which point 25% of the options will vest and, thereafter 1/48th of the remaining options will vest monthly during the three (3) years beginning on the first anniversary of the grant date until the options are fully vested.
About Frankly Inc.
Frankly Inc. is a next generation "chat-as-a-service" technology platform that brings dynamic conversation and direct consumer engagement to mobile app experiences. Frankly aims to unlock the power of messaging for every platform by seamlessly enabling access to conversations that matter most to individuals and communities. Through the simple integration of our Chat SDK, Frankly's technology can be inserted into a website or mobile application to provide a customizable version of Frankly's messaging technology. Currently, Frankly is working with many partners, across several industries. Frankly Inc. also offers Frankly Chat, a free, mobile messaging application for iOS and Android devices. Frankly Chat has over 2 million downloads, and is focused on user privacy by offering ephemeral messages and unsend capabilities.
To learn more about Frankly Inc., please visit www.franklyinc.com.
About Transcend Capital Inc.
Transcend Capital is a Vancouver-based full-service investor relations company that assists micro, small and mid-cap public companies with market awareness campaigns and helps them gain valued industry exposure through their large network of retail and institutional clients.
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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