Paltalk, Inc. Announces Acquisition of Visicom’s ManyCam Assets
Summary
JERICHO, NY, June 09, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Paltalk, Inc. (“Paltalk,” the “Company,” “we,” “our” or “us”) (Nasdaq: PALT), a leading communications software innovator that powers multimedia social applications, today announced that it has acquired the core assets of ManyCam from Visicom Media Inc. (“Visicom”). Jason Katz, Chairman and CEO of Paltalk, commented, “I have been impressed with the ManyCam software for many years. ManyCam is a logical extension for the Paltalk and Camfrog customer base, and we believe it is an application that our existing users will be willing to pay for.” Paltalk acquired certain assets from Visicom related to the ManyCam software, including, among others, all assets related to, or used by Visicom in connection with, the business of developing and distributing virtual webcam driver software, including virtual backgrounds and/or “masks” or other camera effects, whether tangible or intangible, including, but not limited to, Visicom’s ManyCam software and related source code, customer lists, customer relationships and all associated customer information, contracts with contractors and suppliers, brand names, trade secrets, trademarks, trade names, designs, copyrights, websites, all URLs, goodwill and intellectual property associated with each of the foregoing. Our product portfolio includes Paltalk and Camfrog, which together host one of the world’s largest collections of video-based communities. Investors and security holders are urged to read these documents free of charge on the SECs website at www.sec.gov.
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