PALM SPRINGS, Calif., March 15, 2016 /PRNewswire/ -- WorldFlix, Inc., (OTC: WRFX), is pleased to announce that the Company has entered into an agreement with Blackbridge Capital, LLC. to receive $7.5 million to bolster the highly anticipated release of App Farm's triple encryption internet safety protection application, Swantry, and further the Company's advantageous strategy for Drobbits; the Company's cloud based game creation and distribution platform.
The Company has established funding to enable the efficient execution of potential opportunities that can contribute substantially to the outlook and future revenues of the Company, while diligently advancing on the development of Drobbits and Swantry.
Swantry is a revolutionary app for android smart devices originally designed to help parents protect children from cyberbullying and other dangers, using new triple encryption technology and management tools. By virtue of this new capital, APP FARM is positioned to further entertain potential Joint Venture interests, representing Companies capable of placing Swantry on tens of thousands of smart phones.
Blackbridge is set to purchase up to $7,500,000 of the Registrant's common stock through a Regulation A offering, in tranches up to a $200,000, over an expected 12 months or less. "Management is resolute on establishing a good position in this industry, as opportunities continue to evolve. We are prepared to capitalize on the momentum we have strived to build. Having funding in place to move forward considerably strengthens our ability to market and deliver our State-of-the-Art solutions to market," stated Brad Listermann, Chief Executive Officer and Founder of WorldFlix, Inc. He further stated, "This funding from Blackbridge also positions APP FARM to strike additional acquisitions and develop other planned projects in the near future."
Swantry is a development of the App Farm, which is a wholly owned subsidiary of the publicly traded company, WORLDFLIX, INC. (WRFX).
About Blackbridge: Blackbridge Capital, LLC., based in New York, is a leading alternative investment fund focused on high growth investments in small to mid-cap companies. Founded with a vision to forge long lasting relationships, the firm is focused on understanding what their portfolio companies need to accelerate growth, and how investment capital can propel them. For more information, visit: http://www.bbridgecapital.com.
About WorldFlix, Inc.: WorldFlix, Inc. is newly emerging as a holding company targeting the acquisition of undervalued, niche companies with high growth potential, income-producing commercial real estate properties and high return investments all designed to pay a dividend to our shareholders.
App Farm's (WRFX) ultimate goal is to trade successfully on the public markets as a recognized name in the app software and now, the gaming industry. The company believes that through their celebrity relationships and entertainment contacts (WEM – WorldFlix Entertainment Management), they can create and promote apps for a wider, more successful reach.
FORWARD-LOOKING STATEMENTS: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. These statements are based on current expectations, and are to a certain degree uncertain. Words such as expects, anticipates, intends, believe, plan, will and similar words are expressions intended to identify these forward-looking statements. These statements involve risk and subsequently are difficult to evaluate. Actual results may vary from descriptions herein due to many factors including but not limited to changes in business conditions, changes in laws and regulations, problems encountered in exploration and obtaining permits, changes in the competitive environment, technological advances, shortages of skilled workers, the need for additional capital and other risks listed in the company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made, and the company is under no obligation to update them.
For More Information, Please Visit: www.worldflix.co or contact:
Brad Listermann, Chairman and CEO
SOURCE WorldFlix, Inc.