Raadr, Inc. (OTC Pink: RDAR) is engaged as an artificial intelligence and monitoring technology company. Shares of the artificial intelligence company are diving 42.86%, through early trading on Thursday, July 13, 2017. Over the past month, Raadr, Inc. reported average daily volume of 165.74 million shares. However, volume of 166.58 million shares or dollar volume of $33,316, has already exchanged hands on the day.
Shares of Raadr, Inc. are facing pressure today, after the company announced it has secured a new group of private technology investors, who have agreed to help build out the Raadr platform. The licensing agreement was originally announced back on June 16, 2017. Here is the full press release detailing of the private investors:
Raadr, Inc. Press Release:
PHOENIX, AZ / ACCESSWIRE / July 13, 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, is announcing Thursday, July 13th that they have secured a new group of private tech investors.
The private group has agreed to back further development of the RAADR, Bully RAADR, and Enforcement Raadr, Inc. platforms through previously mentioned licensing agreements. Raadr, Inc. originally announced this licensing agreement in the press on June 16th ,2017. Please look at this link for reference: http://www.otcmarkets.com/stock/RDAR/news?id=162308. Details around the funding were requested to remain secret until such a time this high-profile group of investors are ready to announce. This type of funding will be unlike anything Raadr has ever been a part of.
Raadr, Inc. will be focusing tremendous effort on keyword and facial recognition and making the technology more accessible to the everyday customer. This is a crucial and more powerful aspect of development that over exceeds Raadr’s initial application. These updates will allow users and parents to use the application in a more powerful and effective way through RAADR’s APIS and developer tools. Raadr has a lot to accomplish to reach this goal and this new group of investors believe strongly in the technology team based on all that RAADR has technologically accomplished up until this point.
The opportunity for continued growth for RAADR, Bully RAADR, and Enforcement RAADR is very prominent and could not have arrived at a better time especially with how important and relevant the issue of cyberbullying has become. “We are all very excited about what the future holds for its shareholders” says CEO, Jacob Dimartino.
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.