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RNS Number : 0169O

Forbidden Technologies PLC

04 February 2016

4 February 2016

Forbidden Technologies plc

("Forbidden" or the "Company")

First paid eva channel 

Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of Forscene (the market-leading cloud video platform), Captevate (the consumer video editor), and eva (the video social network), is pleased to announce its first sale of a paid eva channel.

We Are Experience ("WAE"), a design agency based in London and New York, will license a channel for three months with the option of extending for a further 12. This agreement follows successful, unpaid proof of concept trials with Movember, Red Letter Days and Funny Women.

Through licensing the eva channel, WAE will be able to provide its clients with a unique tool whereby users of the video social network generate content around a theme, for example feedback on a design or app, that can then be edited and distributed by those clients however they please as rights holders. A new feature within eva, private channels, was an important inclusion in the agreement.

Rachel Armstrong, Partner at WAE, said:

"For award-winning global service design consultancy WAE, eva represents an unparalleled opportunity to access authentic insight into users' habits and behaviours."

Jens Wikholm, eva General Manager, said:

"Momentum for eva channels has been building each day. I am delighted to have the first paying customer for this highly attractive marketing concept."

Aziz Musa, CEO of Forbidden Technologies, said:

"Agencies represent the most appropriate route to market for eva channels. They have access to a large client base and are constantly looking for new and innovative products to drive customer value."

Enquiries:

Forbidden Technologies plc 

Stephen Streater, Chairman

Aziz Musa, Chief Executive

Tel: +44 (0)20 8879 7245

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Naylor

John Depasquale

Richard Short

Katrina Perez

Tel: +44 (0)20 3328 5656

Redleaf Communications (Financial PR Adviser)

Rebecca Sanders-Hewett

David Ison

Susie Hudson

Tel: +44 (0)20 7382 4730

Email: [email protected]

About Forbidden Technologies plc  

Forbidden Technologies plc (AIM: FBT, www.forbidden.co.uk) floated in February 2000.

The Company develops and markets a powerful cloud video platform, which is used by broadcasters, in professional web video, in education and by consumers. The Company platform is one of the world's most advanced browser-based and mobile platforms, which underpins Forscene in professional markets, its eva video social network and its new consumer video editor, Captevate.

Websites:

Social media:

www.facebook.com/FORscene

www.plus.google.com/+Forscenepro/posts

www.linkedin.com/company/forscene

www.twitter.com/forscenepro

www.youtube.com/user/ForsceneTraining

This information is provided by RNS