Paltalk Inc said it has added a highly anticipated message board feature to its Paltalk (NASDAQ:PALT) platform named the 'Paltalk (NASDAQ:PALT) Feed'.
The company noted the new message board feature is designed to support increased user engagement, which will hopefully create incremental revenue and income growth for Paltalk and “further contribute to the company’s healthy balance sheet, and positive cash flow in the future.”
“With over 20 years of technology innovation, our technology team is always looking to add useful features to enhance our platform and to increase user engagement,” Paltalk CEO Jason Katz said in a statement.
WATCH: Paltalk CEO 'encouraged' by increase in advertising partnerships and user growth
“We believe this message board functionality will greatly improve the user experience and expand functionality to enable users to interact with Paltalk whether they are in a real time chat or not,” Katz added.
Paltalk said the functionality of the new feature allows users to comment, add photos or videos and contribute to conversations around shared interests on a digital message board without a live video cam. These comments can be shared at the user’s option with friends of the user or the entire Paltalk community.
The company added that it will also engage with popular platform influencers to drive usage of the new message board feature.
Nasdaq-listed Paltalk is a communications software innovator that powers multimedia social applications. Its product portfolio includes Paltalk and Camfrog, which together host one of the world’s largest collections of video-based communities.
The company's other products include Tinychat and Vumber. Paltalk has an over 20-year history of technology innovation and holds 18 patents.
Contact Sean at sean@proactiveinvestors.com