Social Life Network Inc. (OTCMKTS: WDLF) jumped 5.13%. Recently the company announced the completion of the filing of its first-quarter 10-Q filing.
Social Life Network completes review of Q1 2021 results
CEO Ken tap said, “We are pleased to announce that our audit firm has completed their review of our first quarter 2021 financials, and we have filed the 10-Q financial report. 2021 is a significant year for our tech business incubator as we grow ever closer to three of our licensees potentially reaching their liquidity events.”
Director Todd Markey added, “MjLink.com, Inc., one of our licensees, completed its qualification of a regulation A tier 2 pre-IPO offering in September of 2020, marking a major milestone in our company business model for incubating a company to the beginning of its liquidity event. This process has been a learning curve for the company these past few years, and as we began the 2021 year we identified additional work related to our 10-K and 10-Q filings that needed to account for the future liquidity events so to protect long-term shareholder value.”
Social Life Networks helps start-ups with licensing deals
As a Technology Business Incubator (TBI), the company provides seed technology development, executive and legal leadership to tech start-ups through individual licensing deals, which allow founders to focus on capital raise, business model enhancement, and growing user-base network. Social Life Network’s seed technology is an AI-powered eCommerce and social network platform that uses blockchain tech to improve speed, accuracy, and security, on specialty social networks that it licenses to firms in its tech business.
Since its inception in January 2013, it has launched specialty market social networking sites to serve millions of business specialists and customers in the real estate and the legal worldwide cannabis industries. Equally, the company serves various sports verticals such as golf, cycling, racket sports, soccer, auto racing, travel, space exploration, camping, hunting, and fishing.