Jerrick Media Holdings, Inc. Secures over $1 million in 2-year Notes and Launches Two New Community Sites, TheChain.Media and Trader.Media

NEW YORK, Feb. 14, 2018 /PRNewswire/ -- Jerrick Media Holdings, Inc., (OTCQB: JMDA) (the "Company" or "Jerrick"), a technology company and the creators of Vocal, today announced that it completed an offering  of two-year, 15% Secured Convertible Promissory Notes (the "New Notes") generating gross proceeds of $750,000 and exchanged existing short-term debt totaling $290,925 (principal plus accrued interest) into the Notes (the "Offering"). The Notes are convertible into shares of the Company's common stock at a price of $0.20 per share and hold a second priority security interest against the Company's assets up to $1,000,000.  Holders of the New Notes received warrants to purchase shares of the Company's common stock equal to the number of shares into which the Notes may be converted at an exercise price of $0.20. Network 1 Financial Securities conducted the Offering.  More details related to the Offering can be found on sec.gov on the Company current report on Form 8-K filed on February 13, 2018.  

Jerrick intends to use the net cash proceeds from the sale of the New Notes for working capital, to strengthen its balance sheet, and for the further development of its Vocal platform.  "Our metrics continue to experience record growth. The technology underlying our platform was built for significant scale. As we did with user accounts, page views and multiple key-performance indicators, we are creating a solid base on which to significantly increase revenues throughout the upcoming year," said CEO and founder Jeremy Frommer.

In addition, Jerrick's Vocal platform added two new community sites to its portfolio. "Our new community Trader (https://trader.media) is all about the financial markets and will provide professional traders, analysts and Wall Street enthusiasts alike an open environment to vocalize their thoughts and perspective. I look forward to being an avid contributor," said Frommer.

"The past few months have taught us all that it will be some time before blockchain and cryptocurrencies can be institutionally integrated into our daily digital lives. What is important is to provide a forum for blockchain discussion," commented founder Justin Maury, Jerrick's head of product, creative and design. "Our 32nd community, The Chain (https://thechain.media) is all about blockchain and cryptocurrency and will provide a voice for influencers in the space and a well needed opportunity for many of us to become better educated on the topic."

About Jerrick
Jerrick is a technology company focused on the development of digital communities, targeted marketing of branded digital content, and e-commerce opportunities algorithmically derived in relevance for each community.

Core to Jerrick's unique capabilities is Vocal, a long-form, digital publishing platform, capable of hosting all forms of rich media content.

Vocal uses a proprietary algorithm which intelligently bridges long-form rich media content with targeted branding and ecommerce monetization opportunities. Vocal's community sites are managed by a dedicated team, whose primary focus is on revenue conversion of the published material via digital arbitrage.

For news and more information please visit: https://jerrick.media/

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SOURCE Jerrick Media Holdings, Inc.

Related Links

https://jerrick.media