PHOENIX, September 17, 2021 / PRNewswire / – RAADR, Inc. (OTC PINK: RDAR), a technology and software development company that monitors cyberbullying and social media platforms with artificial intelligence, today announced that it plans to complete its audit during the fourth quarter of 2021 Known as the âAnti-Bullying Companyâ, RAADR Inc.’s audit for the calendar years of the company has ended December 31, 2019 and December 31, 2020 will be included in the company’s scheduled Form 10 filing with the Securities and Exchange Commission. When these documents are filed with the United States Securities and Exchange Commission, RAADR will immediately contact OTC Markets staff to pay all fees required to be designated as an OTCQB level company on OTC Markets. As a fully SEC-reporting company, RAADR, Inc. expects business opportunities to expand and its cost of capital to drop dramatically almost immediately as the company completes the transmission of an alternative reporting company. to a fully reporting company.
The company is also announcing that its REG A file with the United Securities and Exchange Commission has been qualified by the SEC and as a result RAADR, Inc. will begin selling shares to highly qualified investors who the company believes have interests aligned with the purpose of the company. creation of shareholder value. Due to the REG A qualification, this marks a turning point in the company’s fundraising strategy of essentially moving away from variable rate debt financing (“also known as toxic debt”) to finance the company by selectively selling REG A shares to a select group of qualified investors who the company believes have interests aligned with the company’s goal of creating the leading developer of applications in the software world and âanti-bullyingâ apps for young people.
President and CEO of RAADR Inc. Jacob Dimartino commented: âFor weeks we have been working closely with our auditor to respond quickly to all of their inquiries. have received correspondence from our auditors requesting confirmation of invoices and other financial information, we are fully confident that the audit will be completed in the fourth quarter of 2021.
Mr. DiMartino added, âOur long term goal is to reach the Nasdaq and as our products roll out and become more popular with young people and their parents, the step of achieving full report status will be. a chapter in our history as we continue to build our business for our shareholders. We take this opportunity to thank our shareholders who believe in what we do to make the world a better place.
About RAADR, Inc.
RAADR, Inc., publishes software and applications that protect children who use social media and the Internet. Known as the âInternet Anti-Bullying Company,â RAADR manufactures products that allow children, parents and school districts to monitor bullying and other threatening behavior on the Internet in real time. Armed with numerous features, including keyword tracking, real-time alerts, facial recognition and site filtering, RAADR’s applications determine in real time whether children or young adults are victims of stalkers, bullies and other threatening behavior. Parents love the facial recognition feature because within seconds the app allows parents to upload the child’s picture and parents can be armed with one of the most powerful tools available to receive alerts every time that their child’s image appears on a social networking site. RAADR Parental 2.0, which is the parenting app that helps parents and adults protect children using real-time social media monitoring, will be released in August 2021. Bully RAADR that arms kids with the powerful suite of products of RAADR Allows Kids to Protect Themselves and Others Children from Threatening and Dangerous Behavior on the Internet and Social Media will be released by the end of summer 2021. RAADR Inc. is committed to making our world and social media a safer and better place for children and young adults.
Notice Regarding Forward-Looking Statements
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Actual results could differ from those projected in forward-looking statements due to many factors. These factors include, among others, the inherent uncertainties associated with new projects and companies in the development phase. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update any forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be correct. Investors should consult all information set forth herein and should also refer to the risk factor disclosure described in our annual report and for the most recent fiscal year, our quarterly reports and other periodic reports filed from time to time with of OTCMarkets. com
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