12:55:30 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Hello Pal International Inc
Symbol HP
Shares Issued 64,373,977
Close 2016-09-13 C$ 0.36
Market Cap C$ 23,174,632
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Hello Pal International boasts of 1.2 million users

2016-09-14 07:47 ET - News Release

Mr. K. Wong reports

HELLO PAL BREAKS THROUGH ONE MILLION REGISTERED USERS

Hello Pal International Inc. has now surpassed 1.2 million registered users. The company is continuing to experience rapid user growth by building a highly diversified global user base

"The Hello Pal team is ecstatic about reaching this milestone in just over a year from launch. We are seeing a broad range of new users from countries around the world and are confident our platform has a solid foundation and offering for continued success," commented K.L. Wong, the founder and chief executive officer of Hello Pal. "Many similar applications spend substantially more money on user acquisition and fail to achieve the results we are seeing at this early stage. We feel this is validation of our strategy -- providing a solid messaging platform that helps users meet people globally, learn new languages and travel the world."

Hans Xu, senior partner of the New Margin Group of funds and special adviser to Hello Pal, stated: "As an investor I see substantial growth prospects in mobile messaging platforms, and, due to the increasing globalization of the world, services and platforms that are international in nature are also in a long-term upward trend. By making its offering catered to an international audience, adding a social aspect and going beyond traditional language learning, Hello Pal is well positioned to capitalize on this trend. I constantly travel globally in order to review potential investments in many countries. I feel a messaging platform that helps bring people together globally and solves the problem of communicating in multiple languages will become more and more in demand."

Hello Pal is also in the final stages of preparing to launch its first companion app, Travel Pal, a social app targeting worldwide travellers. Travel Pal will be followed by further companion apps in other sectors which are similarly international in nature, all of which will play a key role in the company's mission of bringing the world closer together. These apps will all be run on the same platform and users will be part of a common Hello Pal user base. The Hello Pal brand will benefit from increased exposure having the companion apps in multiple sections of the Android and iOS stores.

On top of this, Hello Pal is continuing to ramp up its user acquisition activities to accelerate this early-stage growth. Through these activities Hello Pal feels its current rate of 3,500 to 6,000 registered new users daily will increase markedly. As well Hello Pal will continue to leverage the deep network of its management and advisers in pursuit of strategic partnerships and collaborations.

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