DENVER, CO / ACCESSWIRE / November 14, 2018 / Social Life Network (OTCQB: WDLF), a leader in artificial intelligence and blockchain powered social network and e-commerce technology company, will report after the market close on November 14, 2018, its financial results for the third quarter of 2018 (for the 3 and 9-month period ended September 30, 2018).
Fiscal Third Quarter Financial Summary
Recent Operational Summary
"Our business continues to have strong momentum in all three business areas: Cannabis, Sports, and Real Estate, led by consistent monthly online member growth on each of our niche social networks. We are confident that our licensee base will continue to grow and deliver on our goals." said Ken Tapp, Chief Executive Officer of Social Life Network and MjLink. "MjLink is entering the growth phase of its sales and marketing department with the addition of Mali Sanati as our V.P. of Sales and appointment of D. Scott Karnedy as our President of MjLink. Our revenue for the 9-month period ending September 30th was up 246% over the same 2017 period, and we reduced our loan commitments by 67% while increasing our cash balance to about $166,000 compared to the previous quarter. We remain focused on fully realizing upcoming opportunities through our business model. We are actively pursuing growth through organic revenue as well as reviewing potential accretive acquisitions and conducting a planned IPO of MjLink on a Canadian Exchange in 2019. Our board is very pleased with our growth and continues to support the vision of our executive team," concluded Mr. Tapp.
The Company will also host a conference call tomorrow, Wednesday, November 14 at 4:30pm Eastern Time.
Participant Dial-In NumbersToll Free: 877.407.8293Toll Free/International: 201.689.8349
Investors are also invited to listen to a live webcast, please visit:
A replay of the call will be available beginning November 14, 2018 at approximately 7:30pm PT/10:30pm ET through November 28, 2018. To access the replay, dial (877) 660-6853 or (201) 612-7415 and reference Conference ID: 13685001. The webcast will also be available on Social Life Network's website for six months following the completion of the call, at www.social-life-network.com.
Please visit the website at least 15 minutes prior to the call to register, download, and install any necessary audio software.
About Social Life Network, Inc.
Social Life Network, Inc. is an artificial intelligence and blockchain powered social network and e-commerce technology company based in Denver Colorado. They launched their first social network, WeedLife.com, in the cannabis and hemp industry in 2013, and have since launched niche e-commerce social networks to meet the growing demand for social technology in the residential Real Estate industry and many sports verticals including Golf, Cycling, Tennis, Soccer, Hunting & Fishing world-wide.
This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. No information in this press release should be construed as any indication whatsoever of the Company's or MjLink's future financial results, revenues or stock price. There are no assurances that the Company will successfully take MjLink public in Canada. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
SOURCE: Social Life Network