Paltalk, Inc. Engages With Cleverbridge to Serve International Markets
28 September 2023 - 2:30PM
via NewMediaWire –
Paltalk, Inc. (“Paltalk,” the “Company,”
“we,” “our” or “us”) (Nasdaq: PALT), a communications software
innovator that powers multimedia social applications, is pleased to
announce its engagement of Cleverbridge, a growth engine for global
technology companies. Cleverbridge’s robust suite of global payment
and eCommerce capabilities empowers Paltak to optimize
international geographic markets while minimizing risk and
administrative work.
Paltalk and Camfrog both attract a demographically and
geographically diverse user base, with users in over 180 different
countries. Paltalk users are domestic and international, and
Camfrog users have an even larger international presence, with a
particular concentration in Southeast Asia.
Wendi Sturgis, CEO of Cleverbridge, stated, “We are impressed
with Paltalk’s offerings and look forward to assisting them in
strengthening their foothold internationally. We expect that our
50+ payment methods and 59 transaction currencies will enable
Paltalk to seamlessly grow their international markets while
providing subscribers with unparalleled flexibility throughout the
checkout process. With our fraud detection and chargeback
prevention capabilities, Paltalk can protect and recover recurring
revenue while limiting any risk exposure.”
Jason Katz, Chairman and CEO of Paltalk, commented,
“Cleverbridge is an ideal company for us to work with, with nearly
two decades of payments’ experience and excellent fraud detection.
Beyond facilitating and authenticating payments, we believe
Cleverbridge can help us increase our acceptance rates and reduce
fraud at a global scale. Its chargeback prevention algorithms have
earned it one of the highest trust scores in the payment processing
industry. We are pleased to offer such outstanding capabilities to
our current and prospective international subscribers, particularly
in Europe.”
ABOUT PALTALK, INC. (Nasdaq: PALT)
Paltalk, Inc. is a communications software innovator that powers
multimedia social applications. Our product portfolio includes
Paltalk and Camfrog, which together host a large collection of
video-based communities. Our other products include ManyCam,
Tinychat and Vumber. The Company has an over 20-year history of
technology innovation and holds 10 patents. For more information,
please visit: http://www.paltalk.com.
To be added to our news distribution list, please visit:
http://www.paltalk.com/investor-alerts/.
ABOUT CLEVERBRIDGE, GmbH
Cleverbridge makes it easy to maximize customer lifetime value.
Cleverbridge leverages deep eCommerce expertise to orchestrate and
automate frictionless self-service transactions across the entire
customer journey, empowering customers to purchase, renew, and
expand subscriptions in 248 countries and territories globally. For
more than 18 years, Cleverbridge's Growth Engine has integrated
payments with tax and compliance management, retention marketing,
advanced analytics, and partner ecosystems to consistently deliver
recurring revenue growth without added headcount. Learn more at
grow.cleverbridge.com.
FORWARD-LOOKING STATEMENTS:
This press release contains "forward-looking statements." Such
statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts,"
"estimates," "aims," "believes," "hopes," "potential," or similar
words. Forward-looking statements are not guarantees of
future performance, are based on certain assumptions and are
subject to various known and unknown risks and uncertainties, many
of which are beyond the Company's control, and cannot be predicted
or quantified and consequently, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Such risks and uncertainties include, without
limitation, any economic recession and the overall inflationary
environment on our results of operations and our business; our
ability to effectively market and generate revenue from our
applications; our ability to generate and maintain active users and
to effectively monetize our user base; our ability to penetrate new
and existing markets, including international markets; our ability
to improve, market and promote the ManyCam software; our ability to
retain the listing of our common stock on The Nasdaq Capital
Market; our ability to release new applications or improve upon or
add features to existing applications on schedule or at all; risks
and uncertainties related to our increasing focus on the use of new
and novel technologies to enhance our applications, and our ability
to timely complete development of applications using new
technologies; our ability to effectively compete with existing
competitors and new market entrants; our ability to effectively
secure new software development and licensing customers; our
ability to protect our intellectual property rights; the use of the
internet and privacy and protection of user data; our ability to
consummate favorable acquisitions and effectively integrate any
companies or properties that we acquire; and our ability to manage
our partnerships and strategic alliances. More detailed information
about the Company and the risk factors that may affect the
realization of forward-looking statements is set forth in the
Company's filings with the Securities and Exchange Commission
("SEC"), including the Company's most recent Annual Report on Form
10-K and Quarterly Reports on Form 10-Q. Investors and security
holders are urged to read these documents free of charge on the
SEC's website at www.sec.gov.
All forward-looking statements speak only as of the date on
which they are made. The Company undertakes no obligation to update
any forward-looking statement or statements to reflect events or
circumstances after the date on which such statement was made,
except to the extent required by applicable securities laws.
Investor
Contacts:IR@paltalk.comClearThinknyc@clearthink.capital917-658-7878
Paltalk (NASDAQ:PALT)
Historical Stock Chart
Von Aug 2024 bis Sep 2024
Paltalk (NASDAQ:PALT)
Historical Stock Chart
Von Sep 2023 bis Sep 2024