BOCA RATON, FL — (Marketwired) — 10/24/17 — Grom Social Enterprises (OTCQB: GRMM) (“Grom” or the “Company”), a holding company for four wholly-owned operating subsidiaries, today announced that MamaBear, its groundbreaking all-in-one parenting app, had recently surpassed 800,000 downloads. MamaBear is an all-in one, mobile app that provides parents the ability to communicate, locate, organize and protect their children.
“MamaBear is a must-have app for parents around the world,” says Darren Marks, Grom–s Chairman and CEO. “Its amazing versatility and increased visibility as part of the Grom Social Enterprises platform has accelerated growth, increasing its global, downloads to over 800,000. Our intention is to integrate Mama Bear over the entire Grom Social network. MamaBear is an important part of Grom Social Enterprises as it provides parents peace of mind while parenting in the style they feel best for their family. By continually improving features and functionality, we want to provide families with a utility that helps them protect their children, encourage trust and respect their privacy.”
MamaBear is a leading-edge, mobile, all-in one parenting app that creates a private family communication hub providing parents with an efficient way to communicate, locate, organize and protect their children with peace of mind in this complex social and digital media age.
The app is available on iTunes and Google Play. MamaBear provides parents with a powerful all-in-one safety and awareness tool that offers a unique set of social media monitoring features, family mapping, alerts and reputation management tools, as well as alerts to cyber threats toward their children. Moreover it offers a private place for families to communicate and stay abreast of family activities such as kids– team sports.
Since its initial launch MamaBear has received extensive media coverage in the U.S. The mobile application is being installed on phones across the U.S. and around the world.
Grom Social Enterprises, Inc. owns five separate subsidiaries, including Grom Social, a safe social media platform for kids between the ages of five and 16. Since its beginnings in 2012, Grom Social has attracted kids and parents with the promise of a safe and secure environment where their kids can be entertained and can interact with their peers while learning good digital citizenship.
The Company also owns and operates Top Draw Animation, Inc., an award-winning animation company which produces animated content for Grom Social and other high-profile media properties such as Tom and Jerry, My Little Pony and Disney Animation–s Penn Zero: Part-Time Hero. In addition, Grom Educational Services provides web filtering services up to an additional two million children across 3,700 schools and libraries, and Grom Nutritional Services is in the process of creating a line of healthy nutritional supplements for children.
For more information please visit Grom–s website at .
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including, but not limited to general stock market conditions. We have incurred and will continue to incur significant expenses in our expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time. All forward-looking statements speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements or other information contained herein. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.
Contacts
Darren Marks
President & CEO
954-579-9595
Mel Leiner
Vice President
954-551-1813
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