HLLPF - Hello Pal Announces Release of 1-On-1 Video Matching Service and VIP Membership System
(TheNewswire)
New service ushers new revenue modeland revenue stream
Vancouver, British Columbia – TheNewswire - December 16th,2020 - Hello Pal InternationalInc. (“Hello Pal” or the “Company”)(CSE:HP ) ( Frankfurt:27H ) ( OTC:HLLPF) (CNSX:HP.CN) , a provider of rapidlygrowing international live-streaming, social messaging and languagelearning mobile apps, is pleased to announce the launch of itsone-on-one video matching service as well as a VIP membershipsystem.
Expanding on the Company’s successful introduction ofvideo livestreaming a year ago, the Company has introduced aone-on-one video matching service to allow its users to easily meetother users directly through one-one-one live video chat . Users who wish to explore this new way of meeting otherusers are matched with other similar users, enabling users to quicklyand efficiently find others to video chat with.
Launched alongside this new feature is a VIP membershipsystem, where users can subscribe for VIP membership which provides ahost of additional perks and functionality to enhance not just theone-one video matching experience, such as targeted matching and videomatching chat durations, but also to enhance the experience throughoutthe Hello Pal app, such as access to unlimited translation. Userscan subscribe for VIP membership for different prices and durations,ranging from CAD $3.35 for a week to CAD $64 for a year.
“We are excited to bring this new feature to HelloPal as it allows our users another way of quickly conversing withother users from all over the world,” said Adega Zhou, President ofHello Pal. “Although the service is still in an early phase ofrollout, we believe this has the potential to be a highly used featurewithin our platform, especially after we have finished enhancing theservice’s functionality and tweaking the user experience accordingto user feedback.”
The introduction of the VIP membership system alsomarks a new revenue model and revenue stream for the Company, inaddition to the revenue stream currently generated through usertop-ups from the livestreaming service introduced last year.
“We have just planted a new seed in terms of revenuegrowth, which we fully expect to blossom and bear fruit for us nextyear,” said the Company’s CEO and Founder, KL Wong. “The VIPmembership revenue stream not only gives us a new revenue model, butwill also significantly improve our margins going forward,” headded.
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To download Hello Pal please visit the IOS or Androidstore. For information with respect to the Company or the contents ofthis news release, please contact the Company at (604) 683-0911 orvisit the website at hellopal.com .Email inquiries can be directed to: investors@hellopal.com .
About the Hello Pal Platform
The Hello Pal Platform is a proprietary suite of mobileapplications built on a user-friendly messaging interface that focuson social interaction, language learning and travel. Hello Pal, hasbeen designed from the ground up to be easy to use and enablesusers’ the freedom to speak in their own language regardless of theother person’s language they are speaking to. Hello Pal’soverriding mission is to bring the world closer together throughsocial interaction, language learning andtravel. By creating a platform where it is easy to instantly interactwith others around the world and giving them the tools to communicatewith each other in a joyful and fun way, we hope to do our part(however small) in fostering understanding and tolerance between allcitizens of the world.
Information set forth in this newsrelease contains forward-looking statements. These statements reflectmanagement’s current estimates, beliefs, intentions, andexpectations; they are not guarantees of future performance. Hello Palcautions that all forward-looking statements are inherently uncertainand that actual performance may be affected by a number of materialfactors, many of which are beyond Hello Pal’s control. Such risksand uncertainties are described in Hello Pal’s annual and interimfinancial statements available on www.sedar.com. Although Hello Pal iscurrently generating revenues, Hello Pal remains in the growth stageand such revenues are yet to be profitable. Accordingly, actual, andfuture events, conditions and results may differ materially from theestimates, beliefs, intentions, and expectations expressed or impliedin the forward-looking information. Except as required underapplicable securities legislation, Hello Pal undertakes no obligationto publicly update or revise forward-looking information.
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