Jerrick Media Secures $600,000 in Funding to Advance New Revenue Streams for Its Vocal Platform

Published on May 29, 2018

NEW YORK , May 30, 2018 /PRNewswire/ -- Jerrick Media Holdings, Inc., (OTCQB: JMDA) (the "Company" or "Jerrick"), a technology company and the creators of Vocal , today announced its first closing of an offering of nine-month, 13% Promissory Notes generating gross proceeds of $600,000 thus far. The offering comes on the heels of raising over $1 million in February 2018 and closing on a $1.2 million private placement in April 2018 . More details related to the offering can be found on on the Company's current report on Form 8-K filed on May 29, 2018 .

"With this capital secured, we now move aggressively on introducing new revenue generating features to Jerrick's flagship product Vocal ," said Jerrick's CEO Jeremy Frommer . "With the successful completion of our 2017 Annual Report, announced on May 17 , 2018 , and our early adoption of the new accounting standards , I expect our Q1 financials to be filed shortly and see no further delays occurring on future filings as we approach an expected April 2019 uplisting to the NASDAQ markets. I look forward to presenting at a number of upcoming conferences this year."

The Company will be presenting at the 8th Annual LD Micro Invitational . The conference will be held on June 4-6, 2018 in Bel Air, California at the Luxe Sunset Boulevard Hotel .

Jeremy Frommer will deliver the Company's corporate presentation and discuss the current digital media landscape and Jerrick's flagship product Vocal. Mr. Frommer will also be meeting with investors one-on-one.

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