LOS ANGELES, CA / ACCESSWIRE / August 31, 2020 / Grom Social Enterprises (OTCQB:GRMM) ("Grom" or the "Company"), a respected social media platform and original content provider for children under the age of 13 , today announced that it will be presenting at the LD 500 investor conference on Wednesday, September 2nd at 12:00 PM PDT / 3:00 PM EDT. Darren Marks, chairman and chief executive officer of Grom Social will be presenting to a live audience.
Grom Social focuses on delivering content to children under the age of 13 years of age in a safe secure COPPA compliant platform that can be monitored by parents or guardians. The company delivers its exclusive short form content (1400 hrs.) through mobile and desktop environments that entertain children, allowing kids to interact with their peers while educating how to be good digital citizens, all within a kidSAFE+ COPPA compliant platform. By offering our proprietary digital citizenship course, parental monitoring via our safe parenting app Mama Bear, content filtering and live monitoring 24/7, the Grom Social platform offers a distinct competitive advantage in today's kids' market. The app offers features that are similar to Facebook, Snapchat and YouTube in a safe child friendly environment. Announced company milestones and initiatives include the following:
Announced company milestones and initiatives include the following:
- New App release in IOS and Google Play
- Grom App sees a 70% increase in user growth since pandemic
- Subsidiary Top Draw Animation fully operational with work-from-home transition of 300 artists after mandatory Philippine lockdown
- Grom Social reaches 20 million aggregate users - 11 million child users and 9 million parent users since inception (August 2020)
- Reported consolidated sales as of December 31, 2019 of $8.3 million
For additional information about Grom Social, please visit the company's website at www.gromsocial.com
The LD 500 will take place on September 1st through the 4th.
Register here: https://ld-micro-conference.events.issuerdirect.com/
"We have been waiting for this moment all year long. Due to COVID, it has been nearly impossible for physical conferences to even take place. I want to show the world that you can still learn, have a great time, and see some of the most unique companies in the capital markets today. All without having to step foot outside. For the first time, LD Micro is accessible to everyone, and we are honored to welcome you to one of the most trusted platforms in the space," stated Chris Lahiji, Founder of LD.
The LD 500 will take place on September 1st through the 4th.
View Grom Social's profile here: http://www.ldmicro.com/profile/GRMM
About Grom Social Enterprises, Inc.
Grom Social Enterprises, Inc., is a leading social media platform and original content provider of entertainment for children under 13 years of age; providing safe and secure digital environments for kids that can be monitored by their parents or guardians. The Company has several operating subsidiaries, including Grom Social, which delivers its content through mobile and desktop environments (web portal and apps) that entertain children, let them interact with friends, access relevant news, and play proprietary games while teaching them about being a good digital citizen. The Company owns and operates Top Draw Animation, Inc., which produces award-winning animation content for some of the largest international media companies in the world. Grom Social Enterprises also includes Grom Educational Services, which has provided web filtering services for K-12 schools, government, and private businesses. For more information, please visit gromsocial.com.
About LD Micro
Back in 2006, LD Micro began with the sole purpose of being an independent resource to the microcap world. What started as a newsletter highlighting unique companies, has transformed into the pre-eminent event platform in the space. The upcoming "500" in September is the Company's most ambitious project yet, and the first event that is accessible to everyone.
For those interested in attending, please contact David Scher at [email protected] or visit www.ldmicro.com for more information.
Safe Harbor Statement
This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods and the other risks set forth in Company's filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including, but not limited to general stock market conditions. We have incurred and will continue to incur significant expenses in the expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time. All forward-looking statements speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements or other information contained herein. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.
Chairman & CEO
Grom Social Enterprises Inc.
Investor Relations Contact:
Kevin M. McGrath
E: [email protected]
SOURCE: Grom Social Enterprises, Inc. via LD Micro