Jerrick Announces Fiscal Year 2019 Results Delivered by a Powerful & Scalable Business Model.

FORT LEE, N.J: Jerrick Media Holdings, Inc. (OTCQB: JMDA) (the "Company" or "Jerrick") today announced the timely filing of its 10-K for the fiscal year ended December 31, 2019.

Commented Jerrick CEO Jeremy Frommer, "We had a strong finish to 2019. Development-wise, this year saw a series of significant reinforcements to the foundation of our company's flagship platform, Vocal. Product improvements for an enhanced content creation experience as well as systems and compliance updates have been of primary importance. Additionally, Vocal's creative community now benefits from the Vocal+ premium membership program. The company's Vocal for Brands offering continued to expand its client base, with the addition of relevant direct to consumer brands such as Daily Harvest and Lull. More recently, the launch of creator Challenges in collaboration with brands like Vimeo have introduced a broadening suite of capabilities for our creators and brand partners."

"We find ourselves in a world where we are all online all the time, as evidenced by the recent surge in digital content and global consumption. Jerrick provides the creative community a needed solution to a growing problem. Vocal, is a safe, reliable, and easy-to-use technology platform to create, distribute, and monetize content. Additionally, Vocal's framework was designed to seamlessly absorb and integrate distressed digital assets. All of this bodes well for the growth of Jerrick's portfolio of revenue streams and acquisition opportunities in today's new business environment."

2019 Financial Results

Full Year 2019 Revenues (Disaggregated by Revenue Source):

Year Ended

December 31

2019

2018

% Change

Branded Content

$107,335

$60,485

78%

Creator Subscriptions

$31,997

-

-

Managed Services

$283,332

-

-

Affiliate Sales

$15,300

$11,553

32%

Other Revenue

$15,042

$8,860

70%

Total

$453,006

$80,898

460%

Revenues for fiscal year 2019 totaled $453,006, a 460% increase from the previous year. The Company introduced two new revenue lines in the fourth quarter alone which generated approximately $254,000 in revenues and carried in excess of $50,000 in deferred revenues at year end.

Overall, the increase in revenues this year, and in the fourth quarter in particular, is largely attributable to the launch of the Vocal+ paid subscription model and the integration of Seller's Choice into Jerrick's infrastructure following its acquisition by the Company in late third-quarter 2019. Vocal for Brands accelerated its...