LifeApps Brands, Inc. (OTC Pink: LFAP) is engaged as a financial and marketing platform for the LGBTQ community. Shares of the finance and marketing firm soared 109.81%, during trading on Monday, March 11, 2019. Over the past month, LifeApps Brands has seen average daily volume of 9.87 million shares. However, volume of 18.97 million shares or dollar volume of $3.16 million, exchanged hands during trading on Monday.
Shares of LifeApps Brands skyrocketed on Monday, after the company announced that it has appointed former U.S. Congressman Barney Frank to its Board of Directors. Mr. Frank will assist the company’s LGBTQ Loyalty ETF and other ancillary businesses. Mr. Frank serves as the U.S. Congressional representative of the 4th district of Massachusetts from 1981 to 2013. While serving as the Chairman of the House Financial Services Committee between 2007 and 2011, Mr. Frank sponsored the Dodd-Frank Act, which was a sweeping financial reform after the 2008 Great Recession. Here is the full press release detailing of the appointment:
LifeApps Brands, Inc. Press Release:
WILTON MANORS, FL / ACCESSWIRE / March 11, 2019 / LifeApps Brands, Inc., (OTC PINK: LFAP) a publicly traded company delivering financial and marketing platforms specific to the LGBTQ community, announced the appointment of former U.S. Congressman Barney Frank to its Board of Directors, effective immediately. Mr. Frank brings a lifelong passion for serving the LGBTQ community and will provide incredible leadership in managing our LGBTQ Loyalty (ETF) Index Traded Fund and ancillary businesses.
Currently Mr. Frank serves on the board of Signature Bank.
Mr. Frank served as a U.S. Congressman representing the 4th District of Massachusetts from 1981 to 2013 and was one of the first openly gay members of Congress. From 2007 to 2011, while serving as the Chairman of the House Financial Services Committee, Mr. Frank sponsored the Dodd-Frank Act, a sweeping reform of the U.S. financial industry. While in Congress, Mr. Frank worked to increase housing options for low-income individuals and has been a leading voice in opposing discrimination based on sexual orientation. From 2003 until his retirement, Mr. Frank was the leading Democrat on the House Financial Services Committee. Prior to serving in Congress, Mr. Frank spent eight years as a state Representative in Massachusetts.
“While we have made great gains in combating prejudice based on gender identity or sexual orientation, the fight is not over. The establishment of the LGBTQ Loyalty (ETF) Index Traded Fund is a logical next step in this effort.
“Empowering the historic victims of discrimination by providing a vehicle by which we can support those who have supported us while withholding our funds from those who have refused to help is a recognition that winning full equality requires efforts in both the public and private sectors. Having spent much of my life in working for this in government, I am very happy to have a chance to further the fight in the economy as well,” said Mr. Frank following his appointment to the board.
“Leadership is the capacity to translate vision into reality,” said LifeApps CEO Bobby Blair. “Barney Frank, a true LGBTQ pioneer, embodies this type of leadership and continues to make a difference with extraordinary success. Working side-by-side with Barney, as we serve our LGBTQ community and build our ETF LGBTQ Index Fund and ancillary businesses, will be instrumental to the company reaching our goals. On a personal level, my association with Barney Frank is the highlight of my professional career.”
Forward Looking Statements:
This release contains “forward-looking statements” as that term is used under the federal securities laws. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. These forward-looking statements are subject to various risks and uncertainties that could cause LifeApps actual results to differ materially from those currently anticipated, including risks and uncertainties relating to the Company’s business, product development, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in the Company’s filings with the Securities and Exchange Commission (the SEC) including the Company’s annual report on Form 10-K filed with the SEC on April 20, 2018. The Company does not undertake to update these forward-looking statements.