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Grom Social Enterprises Signs Strategic Partnership with Child Rescue CoalitionThe Safe Social Network For Kids Just Got Safer - GromSocial.com Boca Raton, FL, Nov. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Grom Social Enterprises (“Grom Social” or the “Company”) (OTCQB: GRMM), a leading social media network and original content provider for children between the ages of 5 and 16, announced today that it had entered into a strategic partnership agreement with Child Rescue Coalition (”CRC”), a non-profit organization focused on using proprietary technology to protect children against predators. The partnership adds an additional layer of security to Grom Social’s already secure and safe kids’ social network by flagging and filtering out IP addresses which may be of concern. The partnership aligns and strengthens two of the most active online child safety advocates in the United States. As both these public-private industry influencers unite, it will ensure Grom Social can continue to provide an exceptionally safe environment for children to navigate the Internet. CRC’s proprietary online monitoring technology has already helped in rescuing over 2,500 children in over 90 countries worldwide, resulting in the arrest of over 10,000 predators. CRC believes the technical integration with Grom Social’s already secure network would ultimately create an additional sense of comfort for parents. Under the terms of the agreement, the parties agree to work together in order to enhance Grom Social’s Trust and Safety protocols on its website utilizing CRC’s proprietary IP monitoring technology. Additionally, both Grom Social and CRC will work together on joint marketing and promotional activities, social media postings, and on co-branding to increase the awareness of both organizations. The activities would focus on generating mass-awareness for Child Rescue Coalition’s outreach efforts to support campaigning via Grom Social’s entire network, while Grom Social will focus it joint efforts to promoting its newly launched “Mama Bear” child monitoring app, through CRC’s network. Mel Leiner, Grom Social’s Executive Vice President and CFO stated, “Since inception, Grom Social remains and continues to be a world leader in providing safe online social environments for children to navigate on the Internet. Our partnership with the Child Rescue Coalition provides us with an additional layer of protection to give peace of mind to parents and significantly strengthen our status as an industry leader. We are fortunate to be working with such a igh caliber organization whose goal of protecting childre, so closely aligns with ours.” William Wiltse, Child Rescue Coalition’s President commented; “Our organization is comprised of dedicated individuals who are very passionate about protecting children. We are thrilled to be partnering with an organization such as Grom Social who shares this passion and will enable us to make more of an impact than we already have. We look forward to working with the Grom team to help achieve this goal.” About Child Rescue Coalition Child Rescue Coalition (“CRC”) is a non-profit organization that uses proprietary technology to protect children by providing intelligence to law enforcement agencies. Based in Boca Raton, Florida, CRC is a member of the Virtual Global Taskforce, a response effort focused on stopping global online child sexual abuse by its CPS Technology. This technology is the most successful tool of its kind to proactively detect and identify those who prey on children. Additionally, CRC also facilitates training and education as well as providing ongoing support to over 10,000 trained investigators and prosecutors. To learn more: www.childrescuecoalition.com About Grom Social Enterprises, Inc. Grom Social Enterprises, Inc. a leading social media platform and original content provider for children between the ages of 5 and 16; providing safe and secure digital environments for children that can be monitored by parents or other guardians. The Company has several operating subsidiaries, including Grom Social, which delivers its content through mobile and desktop environments (web portal and several Apps) that entertain children, allow kids to interact with their peers, get relevant news, play proprietary games, while also teaching good digital citizenship. The Company also owns and operates Top Draw Animation, Inc., which produces award-winning 2D animation content for some of the largest international media companies in the world. The Company also owns Grom Educational Services, which provides web filtering services for up to an additional two million children across 3,700 schools. To learn more: www.gromsocial.com. Safe Harbor Statement This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues and any payment of dividends on our common stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including, but not limited to general stock market conditions. We have incurred and will continue to incur significant expenses in the expansion of our existing and new service lines, noting there is no assurance that we will generate enough revenues to offset those costs in both the near and long-term. Additional service offerings may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations where we will be providing services, the impact of which cannot be predicted at this time. All forward-looking statements speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements or other information contained herein. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. For Investor Inquiries: CONTACTS Grom Social Business Affairs: Darren Marks President &CEO 561-287-5776 Investor Relations Melvin Leiner Vice President 561-287-5776 [email protected]
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