Raadr, Inc. (OTC Pink: RDAR) is engaged as a software and technology development company. Shares of the technology company are declining 25%, through early trading on Friday, May 12, 2017. Over the past month, Raadr, Inc. has seen average daily volume of 27.48 million shares. However, volume of 65.22 million shares or dollar volume of $39,132, has already exchanged hands on Friday.
Shares of Raadr, Inc. are under pressure today, after the company announced it has finalizes its 3(a)(10) transaction. This is a major step in getting vendors paid off completely, Transfer Agents, accountants, and other obligations are also able to be made current. The transaction is a big step in getting back to current status with OTC Markets. Here is the full press release detailing of the transaction and plans:
Raadr, Inc. Press Release:
PHOENIX, AZ / ACCESSWIRE / May 12, 2017 / Raadr, Inc. (OTC PINK: RDAR), a technology and software development company that monitors cyber-bullying and social media platforms through its artificially intelligent proprietary web-based application, announced Friday that they have finalized their 3(a)(10) transaction and are just days away from being current on the OTC markets. This process has been intensive and has increased our resolve for taking this important technology to the next level.
At the forefront of this effort has been CEO Jacob DiMartino: “First, we would like to thank all of the shareholders for their ongoing and dedicated support in this endeavor. The completion of the 3(a)(10) transaction is a monumental step forward for the company. We are pleased that we were able to accomplish our goal and to be able to close the chapter on the past and create a new narrative of growth, development, and prosperity for the future. As we move into 2017, we will continue our commitment to creating increasing and lasting shareholder value. We were particularly encouraged by the strong finish last week on the OTC markets. Positive steps are occurring on a daily basis.”
This particular milestone has several implications. First, this transaction allows for the company to now have vendors paid off completely, while also paying the company Transfer Agent in full as well as the company accountant. Finally, RAADR’s app development team is now in the process of being caught up on their payments and will begin to make significant updates to our platform.
Chief Technology Officer Scott Ferreira says, “In the coming months, the fully built facial recognition system will go live for all RAADR platform users. This is a huge step forward in our mission to monitor the internet for unfavorable posts and alert parents of the potential danger to their children.”
About Raadr, Inc.
Raadr, Inc., makers of the artificial intelligent proprietary technology application RAADR©, have developed a web based tool that provides families with peace of mind when it comes to knowing that children are safe from bullying and predatory behavior unfortunately so prevalent today. By customizing their own unique monitoring and alert settings, parents and guardians can be alerted when their children’s Facebook, Twitter, Instagram and other pertinent social media platforms under scrutiny become posted with inappropriate language. By utilizing customized keywords chosen by the user that are added to an already existing database, parents and guardians can carry a sense of assuredness that the youth they love and are responsible for are safe and acting in a fun, yet appropriate manner. No parent or guardian has the time or resources to be in constant surveillance of all the Social Media platforms in which their children might be active. Nor do most children want intense scrutiny of their updates and postings, despite the best intentions. You want to trust your children, while at the same time knowing that you are protecting them. RAADR© gives families the ability to protect their image, combat erroneous postings and for individuals safeguard their children from online bullying. The Company’s core competency is focused on building and acquiring apps and other products, services and companies to build a nationwide network of related businesses that are positioned to serve the mobile app development needs of small businesses and individuals
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief, or current expectations of RAADR, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond RAADR, Inc.’s ability to control and their actual results may differ materially from those projected in the forward-looking statements because of various factors. More information about the potential factors that could affect the business and financial results is and will be included in RAADR, Inc.’s filings with the Securities and Exchange Commission.