Investee Company Update: Schoold

RNS Number : 9218G

FastForward Innovations Limited

01 June 2017

 

1 June 2017

FastForward Innovations Limited

("FastForward" or the "Company")

Investee Company Update

Update on Schoold Letter of Intent with Lingo Media Corp.

FastForward Innovations Limited ("FFWD" or the "Company") previously announced that investee company, Vested Finance Inc. (trading as "Schoold"), the developer and operator of the leading, mobile college marketplace app in the United States, Schoold, had signed a letter of intent with TSX-V listed Lingo Media Corp. (CVE:LM) ("Lingo Media") to complete a business combination (the "Transaction") and indicated that a definitive agreement would be signed by around 24 May 2017.

FastFoward understands that finalization of the agreement between Lingo Media and Schoold is continuing, and that Schoold management expects the transaction to close shortly. FastForward will provide a further update as soon as information becomes available.

For further information please visit www.fstfwd.co or contact:

FastForward  Innovations Limited [e-mail]   Josh Epstein/ Ian Burns

Beaumont Cornish Limited (Nomad) Tel: [phone] James Biddle / Michael Cornish

Optiva Securities Limited (Broker) Tel: [phone] Ed McDermott

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of FastForward Innovations Ltd. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. FastForward Innovations assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

 

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