16:47:07 EST Mon 06 Dec 2021
Enter Symbol
or Name
USA
CA



Fundamental Applications Corp
Symbol FUN
Shares Issued 21,745,068
Close 2016-03-30 C$ 0.255
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Fundamental's Foro now in over 1,000 Cdn, U.S. colleges

2016-03-31 09:17 ET - News Release

Mr. Bradley Moore reports

FUNDAMENTAL ANNOUNCES MAJOR FORO EXPANSION INTO U.S. UNIVERSITIES & COLLEGES

Fundamental Applications Corp.'s Foro 2.0.2 is now live on over 1,000 university and college campuses in Canada and the United States. This major expansion makes its revolutionary peer-to-peer (P2P) mobile buy/sell app accessible to every student on these 1,000 campuses.

The Foro app for on-line buying and selling is now being used by over 300 universities and colleges in the United States and Canada, a growth from 63 campuses just 30 days ago. As a leading developer of innovative smart phone applications targeted toward millennials, Foro Technologies Inc. is experiencing exponential growth that is expected to continue.

"Our expansion to these key U.S. universities and colleges is an exciting event for Foro. With product feature enhancements completed and a surge in app downloads and brand awareness on social networks, we knew it was time to expand aggressively. We focused our expansion on 880 National Collegiate Athletic Association (NCAA) Division l, ll and lll schools to drive the Foro brand at both the individual and student administration level. The Foro Student Marketplace app embraces college life and synchronizes with the spirit of NCAA schools. Recently we ran a 2016 spring break sweepstake contest where students could win cash prizes for new Foro app downloads. The level of energy and excitement on social media among students was fantastic," explained Fundamental chief executive officer Brad Moore. "Aggressive school expansion is key in user acquisition as each campus opened by one student downloading the Foro app leads to a dozen more organic student downloads. The initial buying and selling between these students and the Foro community building initiatives on social media leads to the compounded growth every app company strives for."

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