OOOOO Partners With myFanPark to Bring Live Video Commerce to South Africa
November 01 2021 - 7:00AM
OOOOO Entertainment Commerce Limited (“OOOOO” or the “Company”)
(OOOO:TSXV), a mobile commerce platform, is pleased to announce its
most recent partnership with myFanPark Inc, to launch interactive,
live online shopping in South Africa in 2022.
myFanPark is a global fan-celebrity engagement
platform that allows admired talent and creators to sell a highly
personalised experience to their fans around the world. The
company’s roster includes more than 3,300 talent from 31 countries,
supported by operational teams in the USA, Europe and South
Africa.
Sam Jones, Co-Founder and CEO of OOOOO says of
the partnership: “The myFanPark partnership enables
OOOOO to access a highly developed retail market in South Africa,
with consumers wanting to experience live shopping. The South
African market has one of the highest mobile penetrations seen
globally, and other live shopping startups already operate in this
sector of the e-commerce market in South Africa. The partnership
aims to help myFanPark's 1000s of creators offer their fans and
supporters access to brands and products in a fun and entertaining
manner. We are excited to get started.”
“We have keenly watched the success of
entertainment commerce out of China and couldn’t be more excited
with the OOOOO partnership. South Africa is a market where
ecommerce transactions continue to surge, brands are forward
thinking and innovative and we have an influencer landscape that is
vibrant and rich in opportunity,” says Joy Des Fountain, CEO of
myFanPark.
Interactive video commerce continues to explode
as a mega-trend worldwide, where in China alone, it is estimated to
reach $305 billion this year according to Forbes. Having launched
in November 2020, the OOOOO platform has seen hundreds of thousands
of installs to date and successfully onboarded leading brands
across the fashion, sport, beauty and wellness industries.
“A number of brands and retailers have already
shared their excitement for the introduction of OOOOO in South
Africa. Over the next few years technology-led commerce innovation
will serve as a catalyst for massive growth in the region. The
appetite is there. Our market is ready”, concluded Des
Fountain.
About OOOOO Entertainment
Commerce
OOOOO Entertainment Commerce was founded by Sam
Jones (ex-Wish) and Erich Zhang (ex-TikTok) in 2020, with offices
in China, UK , Brazil and soon South Africa. OOOOO operates a
technology platform that enables retailers, brands and
entrepreneurs to share product-based opinions directly to consumers
through live, interactive, shoppable videos. The platform also
offers gamification and social features which reward the community
for helping to grow the user base, reducing the need for
traditional ad networks.
About myFanPark
myFanPark is a fan-celebrity engagement platform
that is reimagining how talent, creators and brands inspire,
motivate, uplift and delight audiences through highly personalized
and authentic interactions - including video message, Q&A’s,
social media interactions, DM chats, Zoom calls, merchandise and
more. The company has captured the hearts of thousands of fans
around the world and boasts a roster of over 3,300 celebrities,
talent and creators from 31 countries, supported by operational
teams in South Africa, the USA and Europe.
For further information please contact:
OOOOO Entertainment Commerce Limited
Tom Judge, Chief
Operating Officer |
Investor
Relations |
tom@ooooo.com |
416.842.9003 |
|
investors@ooooo.com |
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estimate set out in the forward-looking statements may include, but
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increase visibility amongst consumers and convert users to revenue
producing subscribers and the success of the business of our
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indication of whether or not such results will be achieved. A
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others, could cause actual results and events to vary
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Source : OOOOO
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