- Thumzup begins aggressive expansion in key regions such as Beverly Hills, the San Fernando Valley, West Los Angeles, Hollywood, Pasadena, Glendale, and more
- Company is deploying additional resources to strengthen partnerships with local businesses
- Empowering gig economy workers to get paid to post and to sign up new advertisers
Los Angeles, CA, Nov. 14, 2024 (GLOBE NEWSWIRE) — Thumzup Media Corporation (“Thumzup” or the “Company”) (Nasdaq: TZUP), a leading provider of innovative social media branding and marketing solutions which allow businesses and brands to pay customers and fans cash through Venmo and PayPal for their posts on social media, is thrilled to announce an ambitious expansion plan aimed at significantly growing its presence throughout the greater Los Angeles region. The Company, which has been primarily focused on the west side of Los Angeles, is aggressively expanding into new areas. Following the Company’s successful Nasdaq listing and $8.2 million dollar underwritten offering, Thumzup is leveraging new resources to accelerate growth and connect more businesses with local communities through its innovative user-generated advertising approach.
This strategic expansion targets key areas, including Beverly Hills, the San Fernando Valley, West Los Angeles, Hollywood, Pasadena, Glendale, and more, with a dual approach that not only helps local businesses amplify their brand reach, but also empowers individuals within the gig economy. By enabling everyday social media users to create authentic content and promote local businesses, Thumzup fosters a mutually beneficial ecosystem where advertisers can engage audiences with greater authenticity and individuals can earn income by supporting and uplifting their local communities. This model strengthens local economies and builds lasting partnerships between consumers and businesses.
“Our successful Nasdaq listing has provided us with the capital and momentum needed to ramp up our growth across Los Angeles and Southern California,” said Robert Steele, Chief Executive Officer of Thumzup. “By investing in our expansion, we are not only supporting local businesses but also actively contributing to the growth of Los Angeles’ gig economy. We believe in empowering individuals to earn income through their creativity and engagement, creating a more connected and thriving community.”
Thumzup’s platform incentivizes users to share branded content with their social networks, blending traditional marketing with peer-to-peer endorsements. This grassroots strategy has shown proven effectiveness in driving brand awareness and engagement, particularly in diverse and dynamic markets like Los Angeles.
The Thumzup app is available for download on the App Store and Google Play.
About Thumzup®
Thumzup Media Corporation (Thumzup) is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.
Thumzup was featured on CBS Los Angeles and in KTLA.
Legal Disclaimer
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its potential growth, impacts on the advertising industry, plans for potential uplisting, and planned expansion. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Company Contact
Thumzup Investor Relations
investors@thumzupmedia.com
800-403-6150
Media Contact
Jessica Starman
media@thumzupmedia.com
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