Social Life Network Files First Quarter 2021 10-Q
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LOS ANGELES, CA, May 26, 2021 (GLOBE NEWSWIRE) – Social Life Network, Inc. (OTC: WDLF) today announced that the company has completed its 10-Q filing for the first quarter.
“We are pleased to announce that our audit firm has completed its review of our first quarter 2021 financial statements and that we have filed the 10-Q financial report,” said CEO Ken Tapp. “2021 is an important year for our technology business incubator as we get closer and closer to three of our licensees potentially reaching their liquidity events.”
“MjLink.com, Inc., one of our licensees, completed its qualification of a pre-IPO Regulatory Level 2 A offering in September 2020, marking a major milestone in our business model to incubate a business up to ‘early in its liquidity event,’ added director Todd Markey. “This process has been a learning curve for the company in recent years, and in early 2021 we identified additional work related to our 10-K and 10-Q deposits that needed to consider future liquidity events to protect long-term shareholder value. “
The Company provides a shareholder update that reviews the 10-K Amendment and the 10-Q Filing, in an audio podcast available at https://www.SocialNetwork.ai/podcast Wednesday May 26, 2021 at 5 p.m. Pacific / 8 p.m. EST.
About Social Life Network, Inc.
Social Life Network is a technology business incubator (TBI) which, through individual licensing agreements, provides technology start-ups with early stage technology development, legal and executive leadership, which enables start-up founders to up to more easily focus on raising capital and developing their model business and growing their user network. Our Seed Technology is an artificial intelligence (“AI”) powered social network and e-commerce platform that harnesses blockchain technology to increase speed, security and accuracy on social media niche that we grant to companies in our BIT. Since the launch of the company in January 2013, the company has launched niche social networks to serve the millions of professionals and consumers in the residential real estate industry, the global legal cannabis industry, vertical sports, including including racket sports, golf and cycling. , soccer, space exploration, car racing, travel, hunting, fishing and camping. The company functions, in part, as a publicly traded technology incubator, and retains ownership of each licensee through shares and options when it achieves growth in the number of contracted users, described in its license agreements. This allows the company to minimize its expense and exposure to failed startup licensees who use its platform.
For more information, visit our website @ www.SocialNetwork.ai
Watch our latest Shareholder Update podcasts @ www.SocialNetwork.ai/podcast
Safe Harbor and disclaimer
This information does not constitute an offer to sell or a solicitation of an offer to buy any securities or assets of Social Life Network, Inc. All information presented herein concerning the existing business and historical operating results of Social Life Network (“the Company”) and the estimates and projections of future operations are based on documents prepared by the management of the Company and involve significant elements of subjective judgment and analysis which may or may not be correct. Although the information provided herein is believed to be accurate and reliable, the Company makes no representations or warranties, express or implied, as to the accuracy or completeness of such information. In providing this information, the Company reserves the right modify or replace all or part of the information contained in this document at any time and assumes no obligation to provide the recipient e access to additional information. Nothing contained in this document is or should be taken as a promise or representation as to the future. Nothing in this press release should be construed as any indication of future income, results of operations or the share price of the Company.
Social Life Network, Inc.
Source: Social Life Network, Inc.