VANCOUVER, British Columbia, Nov. 01, 2021 — OOOOO Entertainment Commerce Limited (“OOOOO” or the “Company”) (OOOO:TSXV), a mobile commerce platform, is pleased to announce its most recent partnership with myFanPark Inc, to launch interactive, live online shopping in South Africa in 2022.
myFanPark is a global fan-celebrity engagement platform that allows admired talent and creators to sell a highly personalized experience to their fans around the world. The company’s roster includes more than 3,300 talent from 31 countries, supported by operational teams in the USA, Europe, and South Africa.
Sam Jones, Co-Founder, and CEO of OOOOO says of the partnership: “The myFanPark partnership enables OOOOO to access a highly developed retail market in South Africa, with consumers wanting to experience live shopping. The South African market has one of the highest mobile penetrations seen globally, and other live shopping startups already operate in this sector of the e-commerce market in South Africa. The partnership aims to help myFanPark’s 1000s of creators offer their fans and supporters access to brands and products in a fun and entertaining manner. We are excited to get started.”
“We have keenly watched the success of entertainment commerce out of China and couldn’t be more excited with the OOOOO partnership. South Africa is a market where e-commerce transactions continue to surge, brands are forward-thinking and innovative and we have an influencer landscape that is vibrant and rich in opportunity,” says Joy Des Fountain, CEO of myFanPark.
Interactive video commerce continues to explode as a mega-trend worldwide, where in China alone, it is estimated to reach $305 billion this year according to Forbes. Having launched in November 2020, the OOOOO platform has seen hundreds of thousands of installs to date and successfully onboarded leading brands across the fashion, sport, beauty, and wellness industries.
“A number of brands and retailers have already shared their excitement for the introduction of OOOOO in South Africa. Over the coming few years, technology-led commerce innovation will serve as a catalyst for massive growth in the region. The appetite is there. Our market is ready”, concluded Des Fountain.
About OOOOO Entertainment Commerce
OOOOO Entertainment Commerce was founded by Sam Jones (ex-Wish) and Erich Zhang (ex-TikTok) in 2020, with offices in China, UK , Brazil, and soon South Africa. OOOOO operates a technology platform that enables retailers, brands and entrepreneurs to share product-based opinions directly to consumers through live, interactive, shoppable videos. The platform also offers gamification and social features which reward the community for helping to grow the user base, reducing the need for traditional ad networks.
myFanPark is a fan-celebrity engagement platform that is reimagining how talent, creators, and brands inspire, motivate, uplift, and delight audiences through highly personalized and authentic interactions – including video message, Q&A’s, social media interactions, DM chats, Zoom calls, merchandise, and more. The company has captured the hearts of thousands of fans around the world and boasts a roster of over 3,300 celebrities, talent, and creators from 31 countries, supported by operational teams in South Africa, the USA, and Europe.
For further information or brand collaboration, please contact:
Joy Des Fountain, CEO of myFanPark
Seed South Capital is an investor in my FanPark.
Certain statements in this news release may constitute “forward-looking statements”. Forward-looking statements are statements that address or discuss activities, events or developments that OOOOO expects or anticipates may occur in the future. When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “projects”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking statements. Forward-looking statements reflect the current expectations and beliefs of OOOOO’s management. Because forward-looking statements involve known and unknown risks, uncertainties and other factors, actual results, performance or achievements of OOOOO or the industry may be materially different from those implied by such forward-looking statements. Examples of such forward-looking information that may be contained in this news release include statements regarding: growth and future prospects of our business; our perceptions of the industry and markets in which we operate and anticipated trends in such markets; expectations regarding the operation of our app; and our future revenues. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements may include, but are not limited to, our ability to execute on our business plan, increase visibility amongst consumers and convert users to revenue producing subscribers and the success of the business of our partners. Forward-looking statements involve significant uncertainties, should not be read as a guarantee of future performance or results, and will not necessarily be an accurate indication of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, without limitation: those relating to potential disruptions to product delivery; failure to meet regulatory requirements; changes in the market; potential downturns in economic conditions; availability of financing (as necessary); and other risk factors described in our Filing Statement which is available on SEDAR at www.sedar.com. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should exercise caution in relying upon forward-looking statements and OOOOO undertakes no obligation to publicly revise them to reflect subsequent events or circumstances, except as required by law.
Source : OOOOO
- For further information or brand collaboration, please contact:
Joy Des Fountain, CEO of myFanPark
- Seed South Capital is an investor in my FanPark.