Paltalk, Inc.
JERICHO, NY, June  09, 2022  (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a leading communications software innovator that powers multimedia social applications, today announced that it has acquired the core assets of ManyCam from Visicom Media Inc. (“Visicom”). ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on any streaming platform, video conferencing app or distance learning tool. Jason Katz, Chairman and CEO of Paltalk, commented, “I have been impressed with the ManyCam software for many years. We believe that ManyCam is not only a perfect fit for our existing video chat communities, but also a great addition to other video conferencing applications like Zoom or Google Meet. ManyCam gives users the ability to have multiple camera feeds, backgrounds and effects while also enabling users to share presentations, spreadsheets, documents and much more. We believe the integration of the ManyCam software into our current application offerings has the potential to generate positive cash flow in the near term and contribute to positive EBITDA over the long term. ManyCam is a logical extension for the Paltalk and Camfrog customer base, and we believe it is an application that our existing users will be willing to pay for.”
Transaction Summary
Paltalk acquired certain assets from Visicom related to the ManyCam software, including, among others, all assets related to, or used by Visicom in connection with, the business of developing and distributing virtual webcam driver software, including virtual backgrounds and/or “masks” or other camera effects, whether tangible or intangible, including, but not limited to, Visicom’s ManyCam software and related source code, customer lists, customer relationships and all associated customer information, contracts with contractors and suppliers, brand names, trade secrets, trademarks, trade names, designs, copyrights, websites, all URLs, goodwill and intellectual property associated with each of the foregoing. In addition, Paltalk has entered into transition services agreements with certain employees or affiliates of Visicom to facilitate the transfer of the assets from Visicom to Paltalk. The purchase price for the ManyCam assets was $2.7 million in cash consideration, plus a potential earn-out payment of up to $600,000 upon the achievement of certain performance thresholds related to gross sales of ManyCam software over the six-month period following the closing of the acquisition. ABOUT VISICOM MEDIA INC. 
Visicom Media Inc. is a developer focused on developing innovative tools, software applications, and solutions that enhance user experience and empower brands while increasing revenue opportunities. ABOUT PALTALK, INC. (Nasdaq: PALT)
Paltalk, Inc. is a communications software innovator that powers multimedia social applications. Our product portfolio includes Paltalk and Camfrog, which together host one of the world’s largest collections of video-based communities. Our other products include Tinychat and Vumber. The Company has an over 20-year history of technology innovation and holds 14 patents. For more information, please visit: http://www.paltalk.com. To be added to our news distribution list, please visit: http://www.paltalk.com/investor-alerts/ . FORWARD-LOOKING STATEMENTS:
This press release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the anticipated impact of the acquisition on our business and future financial and operating results; the willingness of new and existing users to pay for the ManyCam software; the amount and timing of stock repurchases, if any, under the Company’s stock repurchase plan and our ability to enhance stockholder value through such plan; the Company’s ability to retain the listing of its common stock on The Nasdaq Capital Market; the impact of the COVID-19 pandemic on our results of operations and our business; our ability to effectively market and generate revenue from our applications; our ability to release new applications or improve upon or add features to existing applications on schedule or at all; risks and uncertainties related to our increasing focus on the use of new and novel technologies to enhance our applications, and our ability to timely complete development of applications using new technologies; our ability to effectively secure new software development and licensing customers; our ability to protect our intellectual property rights;  the use of the internet and privacy and protection of user data; risks related to our holdings of digital tokens, including risks related to the volatility of the trading price of digital tokens and our ability to convert digital tokens into fiat currency; and our ability to manage our partnerships and strategic alliances. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at www.sec.gov . All forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws. Investor Contacts:

Announces Acquisition of Visicom’s ManyCam

The stock price of Paltalk Inc (NASDAQ: PALT) increased by 0.78% today. This is why. The stock price of Paltalk Inc (NASDAQ: PALT) – a leading communications software innovator that powers multimedia social applications – increased by 0.78% today. Investors responded positively to Paltalk announcing that it has acquired the core assets of ManyCam from Visicom Media. ManyCam is a live streaming software and virtual camera that allows users to deliver professional live videos on any streaming platform, video conferencing app, or distance learning tool. Deal Summary
Paltalk acquired certain assets from Visicom related to the ManyCam software, including, among others, all assets related to, or used by Visicom in connection with, the business of developing and distributing virtual webcam driver software, including virtual backgrounds and/or “masks” or other camera effects, whether tangible or intangible, including, but not limited to, Visicom’s ManyCam software and related source code, customer lists, customer relationships, and all associated customer information, contracts with contractors and suppliers, brand names, trade secrets, trademarks, trade names, designs, copyrights, websites, all URLs, goodwill and intellectual property associated with each of the foregoing. Plus Paltalk has entered into transition services agreements with certain employees or affiliates of Visicom to facilitate the transfer of the assets from Visicom to Paltalk. The purchase price for the ManyCam assets was $2.7 million in cash consideration and a potential earn-out payment of up to $600,000 upon the achievement of certain performance thresholds related to gross sales of ManyCam software over the six-month period following the closing of the acquisition. KEY QUOTE:
“I have been impressed with the ManyCam software for many years. We believe that ManyCam is not only a perfect fit for our existing video chat communities, but also a great addition to other video conferencing applications like Zoom or Google Meet. ManyCam gives users the ability to have multiple camera feeds, backgrounds and effects while also enabling users to share presentations, spreadsheets, documents and much more. We believe the integration of the ManyCam software into our current application offerings has the potential to generate positive cash flow in the near term and contribute to positive EBITDA over the long term. ManyCam is a logical extension for the Paltalk and Camfrog customer base, and we believe it is an application that our existing users will be willing to pay for.”
— Jason Katz, Chairman and CEO of Paltalk
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

Paltalk (PALT) Stock Price: Why It Increased Today

Visicom Media has been a lead developer in innovative and engaging software solutions for 25 years, and it's ready for more! News provided by
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MONTREAL, Feb. 8, 2021 /PRNewswire/ -- The keys to most successful businesses are brand awareness and expansive online reach. When a business increases awareness and revenue opportunities, it has the chance to grow exponentially. That's how Visicom Media has helped some of the largest brands in the world of distribution, development, and marketing thrive over the 25 years it has been around. Screenshot of the new Visicom Media website. Founded in 1996, Visicom Media quickly became a leading developer and pioneer of Internet application technologies with the launch of the WebExpert, which helped professionals build websites with ease. Its solutions now help businesses grow their brand and online reach worldwide while expanding revenue opportunities. Among Visicom's current array of solutions are ManyCam, MyStart, and Search Solutions. With over 100M downloads, ManyCam is a powerful live video application and virtual webcam software that helps users communicate better through professional-looking video conferences, online classes, and live streams. It connects to video conferencing apps, streaming services, and teaching platforms and allows users to share their screen, replace their background, add video sources, control video quality, and much more. Visicom Media's main solutions also include MyStart and Search Solutions. MyStart combines beautiful and smart start pages with integrated paid searches. It generates revenue opportunities with every new tab while providing users with productivity tools and breathtaking images within their browsers. As a trusted syndicator of Yahoo! 's Sponsored Search Ad Feed for almost a decade, Visicom Media leverages the power of Yahoo! Search and creates custom search solutions to generate high click-through revenue. After 25 years in the market, Visicom Media continues to pursue its mission statement, which is to communicate through innovation that engages customers, empowers employees and forges businesses. The future is bright for Visicom Media as its team strives for continued excellence under the leadership of the tech pioneers Patrice Carrenard and Nicolas Xanthopoulos. Looking ahead, the company plans to continue creating highly engaging and innovative tools and software applications that enhance user experience and increase revenue opportunities. Learn more about Visicom at https://vmn.net/ . About Visicom Media:
Visicom Media is a leading developer focused on innovative tools, software applications, and solutions that elevate the user experience and empower brands while increasing revenue possibilities. Media Contact:

After 25 Years, Visicom Media Remains a Leading Developer of Innovative Solutions

Creator of ManyCam increases conversion, internal efficiency and revenue across channels; embraces new recurring revenue models with 2Checkout’s Avangate digital commerce platform
June 22, 2017 11:09
ET | Source: 2Checkout
ATLANTA, June  22, 2017  (GLOBE NEWSWIRE) -- 2Checkout (formerly Avangate), a leader in eCommerce, payments and subscription billing solutions, announced today that its customer Visicom Media improved eCommerce operations and revenue for its ManyCam product by using the Avangate digital commerce platform, Enterprise edition. Benefits included improved operational efficiency, revenue recovery, increased conversion rates and a smooth transition to subscription-based models and additional channel sales. ManyCam, with over 40M downloads, is the latest in webcam software technology that allows for real-time video chat and webcasting across multiple chat programs simultaneously. To better serve its users, Visicom Media wanted to improve its eCommerce operations and support, and embrace subscription management capabilities to transition from lifetime licenses to recurring billing. In addition to these goals, Visicom wanted to open up the affiliate marketing channel to drive more revenue. “Since switching ManyCam to 2Checkout from our previous eCommerce provider, we have seen a significant improvement in our online operations, starting from internal efficiencies all the way to revenue gains,” said Patrice Carrenard, President at Visicom Media. “We couldn’t be happier with our decision. We feel that we are truly being listened to, our business needs are well understood and cared for in a proactive way. The people behind 2Checkout really care about us and the platform is very robust and reliable,” added Carrenard. The Avangate Digital Commerce Enterprise Edition platform provided an immediate improvement in eCommerce operations, allowing Visicom to quickly and easily start testing different layouts and checkout processes to see what would have the greatest impact on customer conversions. 2Checkout (formerly Avangate) also helped Visicom launch subscriptions for their ManyCam range of products for the first time, beginning the company’s transition from lifetime licenses to subscriptions and recurring revenue. “2Checkout aims to simplify eCommerce while improving conversions, client retention and ultimately revenue for every customer,” said Erich Litch, Chief Revenue Officer at 2Checkout. “Visicom Media is a prime example of a customer that was able to benefit both operationally and financially from the agility and power of a comprehensive and fully integrated digital commerce platform like Avangate.”
Key results obtained by Visicom Media since switching ManyCam eCommerce operations to the Avangate digital commerce platform:
16% Improvement in eCommerce operations
15%+ Increase in conversion rates
Smooth transition to subscription-based products
2% Revenue recovery with cart abandonment tools
7% Increase in PayPal transactions
Easy usage of integrated platform for online sales across channels: direct, affiliates, resellers
“Introducing subscriptions was a big step for us. We were very pleased to see how feature-rich the Avangate platform is when it comes to subscription management. We also received guidance from the support team on best practices regarding set-up. All in all, the transition was a smooth experience. 2Checkout is also helping us keep an eye on KPIs that matter for subscriptions, so we are ready to adjust things on the fly. We are looking forward to seeing how this plays out in the medium to long term,” added Patrice Carrenard, President at Visicom Media. More information on this client success story can be found on the Avangate website . About Visicom Media
Visicom Media Inc. is a world-wide leader in the development of innovative, quality tools for the Internet. Visicom Media strives to find creative solutions to help its customers take advantage of the newest technologies with maximum efficiency. We develop tools, platforms and software products for large publishers and partners such as Yahoo!, Comcast, Verizon, Time Warner and Panda Security. ManyCam is a product of Visicom Media as of October 2013. More information on Visicom Media on http://www.vmn.net/ and on ManyCam on http://www.manycam.com . About 2Checkout (formerly Avangate)
2Checkout (formerly Avangate), a Francisco Partners portfolio company, is the digital commerce & payments provider that helps companies sell their products and services via multiple channels, acquire customers across multiple touch points, increase customer and revenue retention, leverage smarter payment options and subscription billing models, and maximize sales conversion rates. The company's clients include ABBYY, Absolute, Bitdefender, FICO, HP Software, Kaspersky Lab, and many more companies across the globe. Avangate acquired 2Checkout in March 2017. More information on the Avangate platform and services can be found on www.avangate.com . More information on 2Checkout can be found on www.2checkout.com . For further information contact:Delia Ene, AvangateEmail:Tel: +31 20 890 8080 ext: 4654
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Visicom Media Improved eCommerce Revenue and Transitioned to Subscriptions Seamlessly with 2Checkout

7
Visicom Media is a software development company specializing in the development of innovative tools for the Internet. The company recently announced release of ManyCam’s new mobile app. Below is our interview with Cynthia Kreidi from Visicom Media:
Q: Could you provide our readers with a brief introduction to Visicom Media? A: Established in 1996, Visicom Media inc. is a leading developer and pioneer of Internet application technologies, helping companies and organizations monetize and drive traffic on the web. Over the years, Visicom has partnered with some of the largest and most recognized brands in the world for the distribution, development and marketing of their vast array of Internet application solutions. We strive to create highly engaging and innovative tools, platforms and software products that enhance online user-experience. Q: You’ve recently announced release of ManyCam’s new mobile app; tell us something more? A: The new mobile app for ManyCam was something that was highly requested by many of our users for quite a while. What we aimed to do was create an app that recreated the experience of the desktop software and allowed users to switch between multiple video and image sources ( Videos, Images, IP Cameras, other mobile devices. ) during their live streams without needed to restart the stream. We’re also working a new feature which will be releasing at the end of the month that will allow users to virtually “share” the video stream from their device with other ManyCam users, we believe that this new feature will really allow powers users and new broadcasters alike to really strive and have the resources available to really enhance their live streams with things like having guests on their streams to streaming a concert or show from multiple angles. Recommended: My Joy Yoga App: True Virtual Yoga Studio – Yoga Is Wherever You Want To Practice It
Q: Can you give us more insights into ManyCam’s functionality? A: ManyCam is the “multi-tool” of video streaming. Originally it was mainly a video switching application which allows users to use their webcam in multiple applications at once by using the “ManyCam Virtual Webcam” as their webcam as one of the main restrictions of webcams is that when you’re using it in one application or website, you cannot use it in any others. Over time though, ManyCam has added many features such as Chroma Keying ( Background changing/removing. ), Picture in Picture, Test, Drawing, screen casting and much more. With every update we aim to make the software easier to use and help users get their live streams up and running quick. In addition to all of the features and functionality above, we’ve also added one-click streaming to various social media platforms like Facebook Live and YouTube live, we plan on adding support for other services soon too, such as UStream, Twitch.tv and Dailymotion. We’re always taking suggestions on what platforms and features users want to see added too, after all it’s our users that make ManyCam great! Recommended: Gismart Gives You A Way To Express Yourself Musically On Mobile
Q: What are your plans for 2017? A: Early 2017 is actually going to have a lot of new things coming for our users, we’re working on implementing a tonne of new performance enhancements and features that will make ManyCam not only easier to use, but also perform at a significantly better level. We also have some great new features, additions and UI changes coming that we really think our users are going to love. Q: What’s the best thing about Visicom Media that people might not know about? A: Visicom is the creator of many web popular software tools such as ACE FTP, Ace HTML, FTP Expert, WebExpert, Dynamic Toolbar. Activate Social Media:


Pioneer Of Internet Technologies, Visicom Media Helps Organizations Monetize And Drive Traffic On The Web

Acquired

Visicom is a global provider of mobile software solutions for sales organizations covering Presales, Merchandising and Direct Store Delivery (DSD). Its extensive technology portfolio and experience in developing, deploying and managing mission-critical business applications empowers thousands of field sales professionals around the world. Visicom serves more than 10,000 users in over 30 countries enabling mobile users to interact with their critical applications, facilitate and optimize workforce productivity, enable corporate efficiency, and enhance customer service.

Date	1/13/2014
Round	Acquired
Amount
Investors	AFS Technologies
Valuation
Revenue	0 FY undefined
Sources	1

First funding	1/13/2014
Last Funding	1/13/2014
Investor	AFS Technologies
Rounds	1 Acquired
Board Seats
Type	Corporation
Location	Arizona

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