Social Life Network Inc. (OTCMKTS: WDLF) Launches WEnRV, its RV Traveling Social Networking Marketplace

Social Life Network Inc. (OTCMKTS: WDLF) has launched its RV traveling marketplace. The company confirmed that its TBI licensee, an RV social networking platform, WEnRV, is now live.

RVing surging in demand

The Recreational Vehicle industry demand has increased significantly as the pandemic restrictions related to social distancing and remote working triggered inters among people to live and work anywhere as they travel. Recently, Thor Industries CEO said that Q1 2021 was the best in the history of the company. He added that the explosion in RVing interests and following sales boom had left Thor Industries in a sold-out position for 2021. Interestingly Thor has an “order backlog” of over $14 billion.

WEnRV president Garry Neff said, “We could not be happier about the launch of our new RV traveling social network. Our social network is exactly what the RV industry has been waiting for, and our media partners are very excited to receive the additional exposure of their creative and compelling content.”

Social Life Network files Q1 2021 10-Q

Social Life Network announced the filing of its Q1 2021 10-Q filing in which revenue was flat YoY at $625,000. CEO Ken Tapp 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.”

During the quarter Inc., one of the company’s licensees, completed qualification of Reg-A tier 2 pre-initial public offering in September 2020.

Director Todd Markey said, “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.”