The Company Also Announces Hitting an Important Milestone of 1,000+ Live Classes
TORONTO, ON / ACCESSWIRE / October 5, 2021 / Adcore Inc. (the "Company" or "Adcore") (TSX:ADCO)(OTCQX:ADCOF) (FSE:ADQ)(TSX:ADCO-WT), a leading e-commerce advertising management and automation platform to leverage digital marketing in an effortless and accessible way ("Effortless Marketing"), announced today that its wholly-owned subsidiary, Amphy, the world's most diverse 24/7 live online learning marketplace, is launching its "social commerce" feature across all its classes. Social commerce allows users to invite friends to share an Amphy class together, providing both the users and their friends with a significant discount on the original class price.
Similar social commerce models have been popularized by some of the world's most successful hyper-growth companies, such as Pinduoduo, whose model decreases pricing as the number of users that buy an item increases. Amphy hopes that with this announcement, users will feel encouraged to bring a friend or family member to join them in live online learning on Amphy.
The release of the social commerce option indicates Amphy's ascent into a new level of engagement, becoming more than just a live learning website, but also a place for people to connect and interact with friends and family both near and far.
Amphy's announcement comes at an important time, as the Company recently hit a noteworthy milestone of 1,000+ live classes. This makes Amphy the world's largest and most diverse live learning marketplace online today, enabling users to explore whatever topic they're most interested in, from any place in the world, with anyone in the world.
"Our goal is to make learning an enjoyable experience and what can be more fun than attending a class together with friends and family. Amphy's new social commerce feature accomplishes just that,' said Kovi Fine, Amphy's Head of Operations. "The new social commerce option of Amphy makes it easier and more affordable than ever to learn something new with the people you care about. Learning is most successful long-term when it's social and there is a support system of fellow learners, and this enhancement fosters a strong community environment," Mr. Fine added.
"Amphy growth to-date exceeded our most optimistic expectations and I'm sure that with the new social commerce capability the platform growth will only accelerate, transforming our growing community of lifetime learners to Amphy advocates, using the power of social networks to promote Amphy and help us build our global name," concluded Omri Brill, Adcore's CEO.
ABOUT AMPHY
Founded in 2020 in the midst of the pandemic, Amphy is the world's most diverse 24/7 live online learning marketplace. With Amphy, learners can choose from over 1,000 classes across 70 categories to grow their passions and skills, expand their childrens' learning opportunities, and much more. Instructors on the Amphy platform join a vibrant virtual teacher community that promotes and supports their success through enrichment seminars, marketing and advertising, and a suite of tools that allow them to run their classes hassle-free and focus on their students. Amphy students gain access to high-quality, personalized classes accessible from 24/7, as well as join a growing community of lifelong learners.
For more on Amphy please visit - https://www.amphy.com/ or follow us on LinkedIn, Facebook, Instagram and YouTube.
ABOUT ADCORE
Adcore is empowering entrepreneurs, advertisers, and the future of e-commerce through its advertising management and automation platform. By combining extensive industry knowledge and experience with its proprietary artificial intelligence engine, Adcore offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their e-commerce store advertising and monitoring and analyzing the performance of their advertising budget to ensure maximum Return on Investment. In addition to being named numerous times on Deloitte's Fast 50 Technology list, Adcore is a certified Google Premier Partner, Microsoft Partner, Facebook Partner and TikTok Partner.
Established in 2006, the Company employs over fifty people in its headquarters in Tel Aviv, Israel and satellite offices in Toronto, Canada, Melbourne, Australia, Hong Kong and Shanghai, China.
For more information about Adcore, please visit https://www.adcore.com/investors/
FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements, including statements about Amphy and/or the Company. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Amphy and/or the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Amphy and/or the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
For further information please contact:
ADCORE INC.
https://www.adcore.com/investors/
| Martijn van den Bemd, GM North America | U.S. Investor Relations John Nesbett/Jennifer Belodeau IMS Investor Relations |
| Telephone: 647-497-5337 | Telephone: 203-972-9200 |
| Email: martijn@adcore.com | Email:jnesbett@imsinvestorrelations.com |
SOURCE: Adcore Inc.
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