Creatd Inc. ($CRTD) and BCII Enterprises, Inc. ($BCII) Execute Joint Venture LOI

March 27, 2023

  • The jointly owned technology platform is in early stages of development.
  • Creatd will be contributing access to its nearly 2 million Vocal and Vocal+ creators reaching an audience of 200m from its flagship social media product Vocal.
  • BCII and Creatd are committed to protect data privacy and provide platform solutions for users to monetize their most valuable asset.

NEW YORK, March 28, 2023 /PRNewswire/ -- Creatd, Inc. $CRTD ("Creatd" or the "Company"), the parent company of Vocal, today announced it has signed a Joint Venture LOI with BCII Enterprises Inc., with Creatd controlling 51% and BCII controlling 49% of the jointly owned technology platform. The platform will leverage BCII's YOURINFO.com technology and empower individuals to monetize their personal data and make informed decisions about its use.

BCII's product YOURINFO.com's expertise in data privacy and security solutions will be leveraged to potentially offer users different levels of protection at varying costs. Users can opt-in to selling specific data to companies. This opportunity can take place in multiple ways, from a simple opting-in to being paid for taking quizzes and completing surveys. The revenue generated for the platform will depend on market demand, competition, and development costs. A commission of 10-30% is typically charged on revenues generated from data protection platforms. The future platform offers a significant opportunity to generate new revenue streams for both companies while providing value to users. The jointly owned technology platform is expected to launch later this year, and further updates will be provided in due course.

"We are excited to partner with BCII to create a platform empowering individuals to control and monetize their data while offering data privacy solutions. With our expertise, we can generate new revenue streams for both companies. In addition to the fundamental opportunity, the potential to spin-off shares of the CRTD/BCII JV directly to $CRTD shareholders creates another corporate action in our ongoing battle against the shorts. Updates on the joint venture's progress will follow," said Jeremy Frommer, CEO of Creatd, Inc.

About Creatd, Inc.
Creatd, Inc. is a publicly traded digital holding company renowned for its commitment to innovation, transparency, and growth. Central to its operations is the flagship platform, Vocal—a pioneering social media and publishing platform designed to amplify user engagement and monetization.
Forward Looking Statements
Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings.