Shares of SharkReach Inc. (OTCPink: SHRK) are rallying over 11% on heavy volume on May 26, 2016. Within the first few hours of trading, over 544,000 shares exchanged hands or around $113,600 in dollar volumes.
SharkReach Inc. (OTCPink: SHRK) has been a stock that has does not traditionally see heavy strong volumes. Over the past month, the company has seen average daily volume stand around 58,000 shares.
The media company just recently hired a respected law firm, Sichenzia Ross Friedman Ference LLP, to assist as the company’s legal counsel and assist with securities issues. Here is a press release detailing of SharkReach Inc. (OTCPInk: SHRK)’s new legal team:
HERMOSA BEACH, Calif., May 18, 2016 /PRNewswire/ — SharkReach, Inc. (“SharkReach®” or the “Company”) (SHRK) a millennial influence marketing company today announced that it has selected Richard A. Friedman and Andrea Cataneo and the New York City-based law firm Sichenzia Ross Friedman Ference LLP (“SRFF”) to act as legal counsel on corporate and securities matters.
“With the recent addition to management and the engagement of SRFF, SharkReach is building a team of key management personnel and advisors that understand financing and acquisition transactions as we look to expand our position in the Influencer Marketing space,” stated Mr. Steve Smith, CEO of SharkReach. “Sichenzia Ross Friedman Ference has immense experience dealing with public companies. Over the past several years they have completed hundreds of financing transactions in which their clients have raised over an aggregate of $1.5 billion, and have advised on numerous mergers and acquisitions, and up-listings to senior exchanges.”
According to PrivateRaise, a service of The Deal, which independently ranks the top investment managers, placement agents, placement agent legal counsel, issuer legal counsel, and investor legal counsel, SRFF has led the national PIPE league tables since 2004 as the most active issuer counsel. Additionally, SRFF was recently selected as one of New York City’s best corporate law firms in 2016 by Best Lawyers magazine. Best Lawyers is one of the oldest and most respected peer-review publication in the legal profession. Its lists of outstanding law firms are compiled by conducting detailed peer-review surveys in which tens of thousands of leading lawyers confidentially evaluate their professional peers.
SRFF provides experienced, professional representation in all matters involving the securities industry, as well as in all general corporate and litigation matters. SRFF’s clients range from start-ups to established, listed companies. They include private and public corporations, partnerships, broker-dealers, bank-affiliated broker-dealers, investment advisors, registered personnel, public and corporate customers and investors, partnerships and other entities. SRFF also advises institutional investors on transactions involving complex securities law considerations. SRFF’s areas of expertise in corporate and commercial transactions, mergers and acquisitions, advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on the NYSE, NASDAQ and the OTCMarket.For more information on SRFF, you can visit their website at www.srff.com.
About SharkReach, Inc.
SharkReach, Inc. (SHRK). SharkReach is a disruptive millennial media company that combines the strength of an influencer owned network with proprietary technology for creating, posting, managing and monitoring branded sharable content.
What sets SharkReach apart from other companies in the marketplace is that its influencers (both grass roots individuals and celebrities) are also its shareholders… and that its network has a larger market reach than the top 5 television networks combined!
20,000+ Influencers… with 500+ million Followers… with 200+ million Likes & Shares… produces an Aggregate Reach of 2.9 billion.
SharkReach as one of the first companies in this space is the established leader in Influencer Marketing. It presently has the largest footprint, and plans to further enlarge its market share through various acquisitions. It has shown that is has the unique ability to reach the Gen Y and Millennial demographic.
Millennials demand exacting standards in the products and services that are essential to satisfying their social conscience and personal needs. They are the first of several generations to come that will veer away from traditional media. They do NOT watch television, and they do not trust brands and commercials. Their purchasing decisions are impacted by the individuals, friends, and celebrities that they follow on Social Media and YouTube.
It’s criteria for target acquisitions are companies are those that will bring: 1. Content Management; 2. Sentiment Tracking; 3. Large Client Lists; and 4. Proven Track Record of 2+ Years In The Influencer Marketing Space.
Historically, and in this order, television, radio, magazine and newspaper advertising were the ways to reach clients. To reach more clients and to increase sales, Celebrity Endorsements were added to Brands to increase the effectiveness of these traditional media outlets.
Sponsored Social Media… Influencer Marketing, now sits atop the field!
In a recent report of the most effective marketing ratings, Influencer Marketing, in absolute ratings, beat Celebrity Endorsements, Television, Radio, Magazine and Newspaper advertising.
In the last year alone, Influencer Marketing has seen positive gains, significantly out-pacing all tested approaches in “Positive Momentum”:
|Change in Marketer Regard vs. Year Ago|
Our Tracking & Reporting platform and quantifying systems enable clients to select suitable Influencers and to track campaigns in ways they have not been available before.
There are three main components:
SharkRank: Influencer Ranking System and Influencer Marketplace.
Allows clients to select suitable Influencers for their Campaign utilizing Shark Rank’s proprietary influencer-ranking algorithm.
SharkScore: Campaign Level Reporting Engine.
Reporting engine that allows clients to log in and view the statistics of delivery of the campaign in real time calculating impressions, views, like and shares, carrying the reporting across all social media outlets and the web.
SharkPulse: Campaign Effectiveness Monitoring & Brand Sentiment Reporting.
SharkPulse Real-Time Reporting Dashboard allows our clients to view in real-time the activity of their campaigns through our proprietary dashboard… across all social media networks! It monitors brand sentiment across Social Media and the Web a first in influencer marketing. Ability to set up auto responders for Negative posts. Acts as an insurance policy for your brand allowing you to follow every conversation and respond.
For more information on SharkReach, please visit the Company’s website at www.SharkReach.com.
To be added to the SharkReach® investor email list, please email email@example.com with SHRK in the subject line.
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.