Conversion Labs Announces Strong Commercial Launch for PDFSimpli
NEW YORK, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Conversion Labs, Inc. (OTCQB:CVLB) (“Conversion Labs” or the “Company”), an e-commerce company that builds and scales innovative and high quality brands, today announced preliminary data from the commercial launch of PDFSimpli, the Company’s newest product. Conversion Labs acquired a majority stake in LegalSimpli Software, the creators of PDFSimpli, on June 1, 2018.
In the first 9 weeks of its commercial launch, PDFSimpli has surpassed 170,000 registered users and at its current pace is on track to surpass 250,000 registered users by the first week of September. PDFSimpli has had over 1.15 terabytes of documents converted or edited by customers from the legal, financial, real-estate and academic sectors.
“We’re extremely happy with the immediate success we’ve seen from the PDFSimpli product and most importantly the team that’s running it,” stated Justin Schreiber, Conversion Lab’s President and CEO. “We’re now at a point where we can start to fine tune the marketing efforts, improve profitably and scale the business as we anticipated when we initially decided to invest in this extremely talented team of people.”
PDFSimpli is expanding its target market with the beta launch of two free mobile apps- ScanSimpli for iOS and SignSimpli for Android. These additional products aim to extend reach into native app marketplaces and allow users to scan, sign and modify documents from mobile devices. Additionally, the Company today launched a version of PDFSimpli in Spanish, which is intended to provide the same or similar services for the Latin American and Spanish speaking portions of the United States markets.
"This really has been an amazing time," stated Sean Fitzpatrick, Chief Acquisition Officer of Conversion Labs. "With LegalSimpli's knowledge of online SaaS products and Conversion Labs mastery of direct response marketing, customer revenue optimization and resources, we are seeing fast growth from the product with no real top in sight.”
About Conversion Labs
Conversion Labs, Inc. (the "Company") is a technology-driven e-commerce company that builds innovative and proprietary brands. Conversion Labs’ scalable and global advertising technology infrastructure leverages the world’s largest social media, search and e-commerce platforms (Facebook, Google & Amazon) to rapidly and profitably grow our continually expanding product portfolio. To learn more about our corporate strategy, brands or for investor relations please visit www.conversionlabs.com or email us at firstname.lastname@example.org
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other thing, statements regarding the offering, the expected gross proceeds, the expected use of proceeds and the expected closing of the offering. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell its products; the expected benefits and efficacy of the Company's products; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, clinical studies and future product commercialization; and, the Company's business, research, product development, regulatory approval, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in our filings with the SEC.
Released August 13, 2018