Curtis "50 Cent" Jackson Invests in Hang w/
October 29, 2013 --
FOUNTAIN VALLEY, Calif., Oct. 29, 2013 (GLOBE NEWSWIRE) -- MEDL Mobile, Inc. (OTCBB:MEDL) — a pioneer in the creation, development, marketing and monetization of mobile apps — announced today that famed music artist, actor and businessman, Curtis "50 Cent" Jackson, has made a financial investment in HangWith, Inc. Concurrent with his investment, Jackson has agreed to use Hang w/ as his exclusive live streaming video interactive mobile platform.
The "Hang w/" app connects people through live streaming video and simultaneous chat - allowing hundreds, thousands and eventually millions of users to "Hang with" their favorite people in real time. The app has already been downloaded more than 600,000 times and has generated more than 10,000,000 user sessions.
Jackson joined the platform in August and has been using it to actively Hang w/ his fans, having created more than 70 broadcasts since signing up just last month. In his broadcasts, 50 Cent has released previously unheard music, given sneak peeks of music videos, and brought his fans behind the scenes of his fast paced life. The Grammy-winning artist's plans for using Hang w/ include producing and releasing the first live-streamed music video on Hang w/.
"Live streaming mobile video is a completely new form of media," said Jackson. "Hang w/ is poised to be the dominant player in this new media, and I'm prepared to throw my weight behind it to see that happen."
"Jackson's mind works both as an artist and as a businessman," said Andrew Maltin, CEO of Hang w/ and MEDL Mobile. "He's experimenting and pushing the creativity of what we've seen on Hang w/. At the same time, he recognizes that it's more than just content he's creating. It's a new market opportunity."
Jackson's impressive body of work has been recognized across the music industry, having received awards from the American Music Awards, Billboard Music Awards, Recording Academy, MTV Video Music Awards, World Music Awards and many others with an impressive tally of 83 awards won.
From music, Jackson expanded his empire to include several entrepreneurial endeavors. He worked with Glacéau to create a vitamin water drink called Formula 50. Coca-Cola purchased Glacéau for US$4.1 billion. Forbes estimated Jackson earned $100 million from the deal after taxes.
He also stepped successfully into film and television, as both a producer and as an actor. Jackson's film production company Cheetah Vision received $200 million in funding.
Jackson became a licensed boxing promoter through his new company SMS Promotions, which recently announced the signing of World Light Middleweight contender James Kirkland (31-1, 27 KOs). As a former amateur boxer himself, Jackson has already signed gold medalist and former featherweight champion Yuriorkis Gamboa, middleweight, and former Olympic medalist Andre Dirrell as well as Billy Dib, Luis Olivares and Donte Strayhorn.
Jackson is also the founder of SMS Audio which manufactures a line of headphones, related accessories and branded apparel.
Jackson's entrepreneurial ambitions also extend towards philanthropy. Sales of his energy shot called SK Energy Shots aid in combating world hunger. For every purchase of SK Energy Shots, a portion of the sales will go to providing a daily meal to an underprivileged child in Africa. SMS Audio also follows a conscious capitalism model, contributing a portion of sales proceeds to combat hunger in the U.S.
"Hang w/ fits seamlessly in to my overall business strategy," added Jackson. "I see ways to use it to promote my headphones, apparel, energy shots, film and TV projects, my boxers, and even my philanthropic endeavors."
The Hang w/ platform has attracted musicians, athletes and celebrity broadcasters since launch, having signed up more than 80 celebrities and athletes including Timbaland, Kaskade, Paula Abdul, Shaun T, Terrell Owens, Cheech and Chong, Jessica Sanchez and Jamie Kennedy.
Hang w/ is now available on the Google Play Store: http://bit.ly/hangwandroid
You can learn more at http://www.hangwith.com.
About MEDL Mobile
MEDL has led mobile strategy, ideation, development, marketing and monetization for many of the biggest names on the planet - in areas diverse as entertainment, telecom, medicine, education and retail - for such prestigious clients as Hyundai, Taco Bell, Monster.com, The New York Times Company, and Telefonica. The Company enters into partnerships to mobilize and monetize IP with such notable names as Encyclopedia Britannica, Real Madrid, Cheech & Chong and Marlee Matlin.
MEDL's patent-pending Mobile Brain is a powerful analytic engine which classifies users according to their Mobile Lifestyle via a Detailed Anonymous Profile (D.A.P.) and learns to make recommendations based on a predictive algorithm.
MEDL Mobile is the majority owner of "Hang w/" - a global, mobile, social media platform that connects and shares via live-streaming video and will be monetized by fully integrated advertising. The platform was released via a private beta in January, 2013, released to the public in March, 2013 and quickly scaled to nearly 2,000,000 broadcasts in its first six months.
For more information about MEDL Mobile, please visit www.medlmobile.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about MEDL Mobile's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Potential risks and uncertainties include but are not limited to the ability to integrate Inedible Software apps and platform into MEDL's product offering, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.
For more information about MEDL Mobile please visit http://www.medlmobile.com.
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