Social Life Network, Inc.
DENVER, CO / March 3, 2020 / Social Life Network, Inc. (OTC: WDLF), announces today that it will hold their shareholder update call on March 31st, to include an update on their 2019 Form 10-K filing.Additional shareholder updates will include the 2020 growth plans of MjLink.com, Inc., Social Life Network's wholly owned subsidiary.MjLink filed a Form 1-A on February 12th, 2020.
"We are excited to deliver this year's shareholder update through our live video streaming and social-simulcasting platform, that we launched this past January on the MjMicro Virtual conference network," says Todd Markey, Director of MjLink. "The MjMicro Virtual conference is our latest online tech platform that is used to unite publicly traded and private cannabis companies led by seasoned executives, with high net worth investors, analysist, shareholders and funds," adds Markey.
Ken Tapp, CEO of Social Life Network adds, "With the launch of our latest streaming technology this year, which meets the new 5G standards, we have mapped out an aggressive plan to onboard the hundreds of public cannabis and hemp companies that use on our social networks, so they too can present their own shareholder updates through our streaming service each quarter."
The live shareholder video stream is scheduled for after the close of trading on Tuesday, March 31st, 2020, at 1:30pm PT/4:30pm ET and will be held by Ken Tapp, CEO, and Mark DiSiena, CFO, and Todd Markey, President of MjLink.com, Inc.
Individuals interested in watching the live shareholder presentation may do so by visiting www.SocialNetwork.ai
DENVER, CO / ACCESSWIRE / November 15, 2019 / Social Life Network, Inc. (OTCQB:WDLF), announced today that it will hold their shareholder update call on Wednesday November 20th, providing an overview on their 10-Q filed November 14th and a 4th quarter company update that will include their wholly owned subsidiary, MjLink.com, Inc.
The call is scheduled for Wednesday, November 20th, 2019, at 1:30pm PT/4:30pm ET and will be held by Social Life Network CEO, Ken Tapp, and CFO Mark DiSiena.
Individuals interested in listening to the conference call may do so by dialing Toll-Free: 844-602-0380 International: 862-298-0970.
A replay will be available by calling:
DENVER, CO / March 19, 2019 / Social Life Network, Inc. (OTCQB: WDLF), today announced that it will hold their shareholder update call on March 28th, to include an update on the 10-K that was filed on March 15th, and the update on their public offering progress of MjLink.com, Inc., a wholly owned subsidiary of Social Life Network, as well as their upcoming product and service launches for second quarter 2019.
The call is scheduled for after the close of trading on Thursday, March 28th, 2019, at 1:30pm PT/4:30pm ET and will be held by Ken Tapp, CEO, and Mark DiSiena, CFO, and George Jage, President of MjLink.com, Inc.
Individuals interested in listening to the conference call may do so by dialing 866-682-6100 for domestic callers or 862-298-0702 for international callers. To listen to a live webcast, please visit:
A replay of the call will be available beginning March 28, 2019 at approximately 7:30pm PT/10:30pm ET through June 28, 2019. To access the replay, use the link above. The webcast link will also be available on Social Life Network's website at www.social-life-network.com
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 SummaryNew licenses increased our licensing revenue by 246% to $285,000 for the 9-month period ending September 30, 2018 from $82,400 for the same 2017 period. Consolidated revenue increased 120% year-over-year to $288,000 from $131,000.Gross margins in the 3-month period ending 2018 decreased by 10% from the same 2017 period and decreased 55% comparing the 9-month periods ending 2018 and 2017, which is attributable to a reduction of Amazon Cloud AWS expenses in connection with the decrease of our digital marketing revenue of 88% to $3,200 from $49,000.Operating expenses had a material increase of $166,000 or 241% for the nine-months ended 2018 compared to $69,000 for the nine-months ended 2017, predominantly due to increased professional activities surrounding audit, investor relations, and executive professional feesNet loss, which included $2.45 million in stock-based compensation, was approximately $3.0 million for the 9 months ended September 30, 2018. Net loss for the third quarter period was $374,000, compared to a net loss of $1.2 million for the same period last year. Third quarter 2017 included an $863,000 stock-based compensation, which did not exist this reporting quarter.Cash balance was $215,000 as of September 30, 2018 compared to $19,000 as of June 30, 2018. This increase is primarily a result of a $630,000 sale of common stock in the reporting quarter, which was dampened with a $54,400 reduction in loans to related-parties, resulting in a $162,000 net increase in cash.
Recent Operational SummaryCompany owns a cannabis/hemp related websites, which generates advertising revenue thru MjLink,com, Social Life's wholly-owned subsidiary, which was newly incorporated in Delaware on September 20, 2018.Announced key additions to the Board of Directors and key hires, including: Mali Sanati as Vice President of Business Development, and Mark DiSiena as Chief Financial Officer.Planned IPO of MjLink.com on the Canadian Stock Exchange in 2019.
"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.