NEW
YORK, Jan. 30, 2025 /CNW/ - MiMedia Holdings
Ltd. (TSXV: MIM) (OTCQB: MIMDF) (FSE: KH3)
("MiMedia", "Company") will expand its commitment to
AppLovin (NASDAQ: APP), a leading marketing platform that provides
end-to-end software and AI powered solutions for businesses to
reach, monetize and grow their global audiences.
As millions of new smartphones rollout with the MiMedia consumer
cloud embedded, the Company is making moves to optimize
monetization across its broad and growing advertising platform.
Stated Chris Giordano, CEO of
MiMedia, "As millions of new smartphones ship, all fully embedded
with the MiMedia consumer cloud platform, it is vitally important
to be working with companies that can help MiMedia handle our
projected strong growth. We have found AppLovin to be an
amazing platform for the rapid expansion of our in-app advertising
capabilities. We have been quite pleased with the results
seen so far, as our team continues to work with AppLovin.
AppLovin is making tremendous strides to customize their AI-powered
solutions to optimize monetization for the mobile advertising
inventory.
Mr. Giordano continued, "Optimization of the mobile advertising
revenue stream within the MiMedia cloud platform is vitally
important to our overall success. AppLovin has proven to be a
great partner resource in helping us achieve solid ARPU (Average
Revenue Per User) metrics. We look forward to what the future
with AppLovin will be, as our team is committed towards achieving
full utilization of their powerful platform in order to ensure that
we meet our expanding advertising offerings and
projections."
About MiMedia: MiMedia Holdings Inc provides an
AI based next-generation consumer cloud platform that enables all
types of personal media to be secured in the cloud, accessed
seamlessly at any time, across all devices and on all operating
systems. The company's platform differentiates with its rich media
experience, robust organization tools, private sharing capabilities
and features that drive content re-engagement, many of which are
based on advanced and proprietary AI technologies. MiMedia
partners with smartphone makers and telecom carriers globally and
provides its partners with recurring revenue streams, improved
customer retention and market differentiation. The platform
services millions of engaged users around the world. For more
information about MiMedia, visit: www.mimedia.com.
About AppLovin: AppLovin makes technologies
that help businesses of every size connect to their ideal
customers. The company provides end-to-end software and AI
solutions for businesses to reach, monetize and grow their global
audiences. For more information about AppLovin,
visit: www.applovin.com.
Notice regarding forward-looking statements:
This release includes forward-looking statements regarding MiMedia,
and their respective businesses, which may include, but is not
limited to, statements with respect to the completion of a
Transaction, appointment or any other decision made by the
business. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "is expected",
"expects", "scheduled", "intends", "contemplates", "anticipates",
"believes", "proposes" or variations (including negative
variations) of such words and phrases, or state that certain
actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved. Such statements are based on
the current expectations of the management of MiMedia. The
for-ward-looking events and circumstances discussed in this
release, may not occur by certain specified dates or at all and
could differ materially as a result of known and unknown risk
factors and uncertainties affecting the companies, including risks
regarding the MiMedia industry, failure to obtain regulatory or
shareholder approvals, economic factors, the equity markets
generally and risks associated with growth and competition.
Although MiMedia have attempted to identify important factors that
could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be
other factors that cause actions, events or results to differ from
those anticipated, estimated or intended. No forward-looking
statement can be guaranteed. Except as required by applicable
securities laws, forward-looking statements speak only as of the
date on which they are made and MiMedia undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, or otherwise.
SOURCE MiMedia
