PeerStream, Inc. Announces Participation at CONSENSUS 2018

NEW YORK, NY / ACCESSWIRE / May 3, 2018 / PeerStream, Inc. (“PEER,” the “Company,” “we,” “our” or “us”) (OTCQB: PEER), a leading developer of innovative decentralized technologies that power multimedia social apps and business communication solutions, today announced its participation at CONSENSUS 2018, the 4th annual blockchain technology summit sponsored by CoinDesk, taking place on May 14-16, 2018 in New York City.

PeerStream management will be joining NEM.io in their pavilion to showcase PeerStream Protocol, (PSP), the Company’s decentralized multimedia delivery protocol that is currently under development. PeerStream management will be joined by Lon Wong, the former President of the NEM.io foundation and the Founder of ProximaX Ltd, a next generation blockchain-based, decentralized platform that is being developed to provide augmented secured services, content delivery, storage, and media streaming. Under a technology services agreement between PeerStream and ProximaX, PSP is expected to be integrated with ProximaX later in 2018.

PeerStream management will present “Fighting Censorship: Free Speech & Live Video using Blockchain 3.0” at 10:20am – 11:00am EDT on each day of the conference.

In addition, PeerStream and Lon Wong will be making presentations on “ProximaX: Next Generation Solutions Powered by NEM.” These presentations will take place each day of the conference at 3:20pm – 3:40pm EDT.

CONSENSUS 2018 will feature 250+ speakers and 4,000+ attendees, including leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy.

For more information or to register, please go to: https://www.coindesk.com/events/consensus-2018/

About PeerStream, Inc. (OTCQB: PEER)

PeerStream, Inc., formerly Snap Interactive, Inc., builds innovative decentralized technologies that power multimedia social apps and business communication solutions. The Company is currently developing PeerStream Protocol (“PSP”), a decentralized multimedia content delivery solution building on blockchain technology. PSP will form the core of a technology platform that supports the Company’s portfolio of social video applications and newly formed business solutions group created to serve the blockchain adoption needs of corporate clients. The Company’s app portfolio features Paltalk, which hosts one of the world’s largest collections of video-based social communities, and Backchannel, a blockchain-based secure video messaging app expected to launch in 2018. The Company has a long history of technology innovation and holds 26 patents.

For more information, please visit: http://www.peerstream.com

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Forward-Looking Statements

This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with general economic, industry and market sector conditions; the ability to effectively develop and incorporate blockchain technology into the Company’s applications; the ability to effectively market and generate revenue from our new business solutions unit; our ability to effectively develop and launch the PSP and our ability to generate user and developer support for the PSP; user acceptance of our updated applications; the Company’s ability to institute corporate governance standards or achieve compliance with national securities exchange listing requirements; the Company’s future growth and the ability to obtain additional financing to implement the Company’s growth strategy; the ability to increase or recognize revenue, decrease expenses and increase the number of active subscribers, new subscription transactions or monthly active users; the ability to enter into new advertising agreements; the Company’s ability to generate positive cash flow from operations; the ability to diversify new user acquisition channels or improve the conversion of users to paid subscribers; the ability to anticipate and respond to changing user and industry trends and preferences; the intense competition in our industry; the ability to release new applications or derive revenue from new applications; and circumstances that could disrupt the functioning of the Company’s applications. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov.

All forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws.

Investor Relations Contact:

[email protected]

SOURCE: PeerStream, Inc.