Membership Login

LifeApps Digital Media Inc (LFAP) – research report

16 Sep LifeApps Digital Media Inc (LFAP) – research report

 

LifeApps Digital Media Inc hit our radars because of the recent 15:1 forward split so soon after going public and while all the shares were insider owned.

 

Background

LifeApps Digital Media Inc went public as Prime Time Travel Inc.  

Prime Time Travel Inc was incorporated in Delaware by Andrew Listerman on November 16, 2010.  Andrew Listerman had several years experience as a youth basketball coach before forming Prime Time Travel Inc.

Andrew Listerman wasted no time in his plan to take the company public.  On December 15, 2010, Listerman issued himself 5,000,000 shares for consideration valued at $6.  On January 13, 2011, Listerman filed a Form D to do a Rule 506 public offering of stock.  He used the public offering to sell 2,000,000 shares of stock to 33 private investors located in West Virginia, Michigan, Kentucky, Tennessee, Illinois, Ohio, and Indiana.

The original S-1 to go public was filed on June 3, 2011.  

Their business plan was to provide a service where they arrange all of the travel plans for youth sports teams.

The Prime Time Travel Inc seed shareholders were a familiar bunch.  A good number of them were also seed shareholders for Game Trading Technologies Inc back in 2007.  Some of the names that show up as seed shareholders for both shells include:

Michael Quackenbush
Sarah Murrant
Thomas Cooley
Evan White
Michael Coolican (aka L. Michael Coolican)
Alfred Seaman
Oliver Brown
Joseph Adams

Game Trading Technologies Inc went public as City Language Exchange Link.  After being granted pubic trading status, the shell filed for a 5:1 forward split and changed its name to Game Trading Technologies Inc (GMTD).  See here and here.

The GMTD shell didn't have much success.  In February of 2012 GMTD filed for bankruptcy.

 

Back to Prime Time Travel Inc

Prime Time Travel Inc was granted public trading status in December of 2011.  They actually realized $98,505 in revenues for the later part of 2011, but no more sales came after that.  

The address used by Prime Time Travel Inc is 809 Heavenly Lane, Cincinnati, OH

That address shows up being used by other publicly traded shells including U.S. China Mining Group, Inc (SGZHE)AutoChina International Ltd (AUTCF), and Benaco Inc (BECO).

Andrew and Kirsten Listerman are the owners of that home, but since neither one of them show up in the filings for SGZHE, AUTCF, or BECO that is a little odd.  What is also strange is how that address only shows up on the OTC website and not in the filings for those companies. 

 

 

A Change in Direction

In August of 2012, Andrew Listerman decided to take the company in another direction.  An 8K was filed to do a 15:1 forward split and to change the name of the shell to LifeApps Digital Media Inc (LFAP).  The changes took effect on September 5, 2012.

The new outstanding share count now looks like this:

Andrew Listerman - 75,000,000 shares
33 Seed Shareholders - 30,000,000 shares (free trading by now)

According to the 8K, LifeApps Digital Media Inc (LFAP) is in negotiations with LifeApps, LLC of California.  Since LifeApps LLC gave Prime Time Travel Inc permission to change the name of their company to LifeApps Media Inc one can assume that negotiations are going well.

 

More about LifeApps LLC

LifeApps LLC, is a digital media company focused on medical, health, and fitness digital applications and next generation social networks. Company creates and operates mobil apps, websites, publications and social media networks. LifeApps is an authorized developer, publisher, and licensee of Apple iOS; compatible with iPhone, iPad, and iTouch. LifeApps is a registered trademark of LifeApps LLC

LifeApps provides, development, publishing, creative, services to companies wanting to enter into the Apple App Store for iOS devices., LifeApps iOS development tools focus in the areas of Medical, Health, Fitness, Sports, Entertainment, Specialty

Some samples of the type of work LifeApps LLC is involved in can be found at the following links - here, here, here, here, and here.

 

 

LifeApps LLC is located in Del Mar, California.  Officers include Robert Gayman, Rita Gayman, and Howard Fuller.  The entity was incorporated in the state of California on July 13 2009 then recently converted out of California and probably merged into the LFAP Delaware business entity making the negotiations all but final. 

 

 

Conclusion

The forward split is a little fishy.  One could speculate that it is part of a reorganization plan for when new management moves into the shell, but bottom line is that it increased the seed shareholders free trading stock from 2,000,000 to 30,000,000 and I don't see how that is in any way good for business.  Maybe that was part of the arrangement to make the shell cheaper to acquire/move into for LifeApp LLC?

The next move will probably be a change in management/control for the LFAP shell followed by some news/information being released about LifeApps.

LifeApps seems to be a well established business though time will tell if it is a successful one.  Often times businesses like this go public because they are struggling and need to raise capital to survive.  What the move sometimes ends up being is a way to prolong the inevitable which is a failed venture in the end.

There could certainly be lots of good news on the way for LifeApps and the opportunity for some hype to create some positive price movement.  Will it become a promoted stock with the chance for some nice profits?  I'm not sure.  I'm not ready to put LFAP on my watchlist for a future paid promotion, but I will be keeping an eye on it because the potential is there for the stock to draw some attention once an active market is started for the ticker.

 

 

 

 

 

 

 

 

 

 

 

 

7 Comments
  • nodummy
    nodummy
    Posted at 14:40h, 29 September Reply

    As Expected, the LifeApps Digital merger/change of control has been completed (8K found below – filed 9/25/12):

    http://www.sec.gov/Archives/edgar/data/1510247/000147793212003745/lfap_8k.htm

    Robert Gayman is the new CEO, president, and director

    Arnold Tinter is the new CFO, treasurer, secretary, and director

    Howard Fuller is the new director

    • alive
      ALiVE
      Posted at 14:48h, 30 September Reply

      *yes sir, moving right along.

  • alive
    ALiVE
    Posted at 10:39h, 15 October Reply

    *Monday, October 15 2012 8:31 AM, EST

    LifeApps
    Digital Media Inc. Provides Recent Corporate Update and Outlook for
    Remainder of 2012

    Marketwire   “Press
    Releases”

    SAN DIEGO, CA — (Marketwire) — 10/15/12 —
    LifeApps
    Digital Media Inc. (the “Company”) (OTCBB: LFAP) (OTCQB: LFAP), an
    emerging growth company and designer of apps and next-generation social
    networks for sports, health, fitness and entertainment enthusiasts,
    today announced a recent corporate update and outlook for the remainder
    of 2012 and early 2013.


    Recent Corporate Milestones:

    • LifeApps, a Nevada
      corporation, achieved public company status through a reverse merger
      with the Company, formerly “Prime
      Time Travel, Inc.,” a Delaware
      corporation, on September 20, 2012. In conjunction with
      the merger, the Company underwent a 15:1 forward stock split and
      corporate name change to LifeApps Digital Media Inc. to
      reflect its new business. The Company’s common stock is now traded
      under the ticker “LFAP” on the OTCBB and OTCQB, with CUSIP number
      53190A106.

    • Contemporaneously with the reverse merger, the Company successfully
      raised $1.2 million through a private offering of
      6,000,000 units, with each unit consisting of one share of the
      Company’s common stock and a five-year warrant to purchase one common
      share at an exercise price of $1.00.

    • LifeApps’ historical products have achieved significant success,
      including MDWorkout.com,
      recognized as a Top 5 app in the Health and Fitness genre of the Apple
      iTunes store in December 2011, and YogaWorkout.com,
      a popular app featuring numerous yoga exercises. During the 2011
      year-end holiday season, these two apps achieved 35,000 downloads and
      60,000 downloads, respectively, within a few days following special
      promotional periods, a significant number of downloads for such a
      short timeframe.


    Strategic Initiatives in 2012 and Early 2013:

    • Freshly capitalized, LifeApps is deploying a series of strategic
      initiatives and new product offerings to enhance its apps and digital
      magazine across numerous mobile and tablet devices. These products
      include:

      • 1) YouWorkout: YouWorkout is a quarterly digital magazine
        designed specifically for iPad Newsstand, Kindle Fire and Android
        tablet devices. First launched during the 2012 Summer Olympics, a
        revamped version of application and Issue #2 of the digital
        magazine are scheduled to be released by early November 2012.

      • 2) MDWorkout.com:
        MDWorkout.com
        is an iPhone app that features over 70 exercises written and
        demonstrated by medical doctors (MDs), certified personal trainers
        and yoga instructors. MDWorkout.com
        is being completely revamped from the ground up to take advantage
        of the latest graphical and social media tools of iOS 6 and the
        expanded screen size of the new iPhone 5. The revamped version of MDWorkout.com
        is expected to launch in late 2012.

      • 3) SoccerWorkout: SoccerWorkout will be launched as a new
        full-featured subscription service featuring US Women’s National
        Team two-time gold medalist Rachel Buehler,
        offering her latest soccer drills and techniques. This paid
        subscription app will guide users through a comprehensive skills
        and drills program using a media rich training environment that
        will take them from the basics to advanced techniques in soccer.
        SoccerWorkout is expected to be launched in early 2013.


    “As LifeApps enters its next stage of growth, we are extremely pleased
    to announce our new public company status and our successful raise of $1.2
    million,” said Robert Gayman, CEO of LifeApps
    Digital Media Inc. “With this fresh infusion of capital we look
    forward to deploying a series of strategic initiatives to enhance our
    digital media offerings across numerous platforms, including the iPad,
    iPhone, Kindle Fire and Android devices.”

    Mr. Gayman continued, “Over the next several months we will be
    announcing various enhanced and revamped product offerings, as well as
    completely new product launches. As a public company, we will be
    increasing our communication with our new shareholders and the
    investment community at large and we look forward to continuing our
    string of positive news and business updates as we move into the
    remainder of 2012 and beyond.”


    About LifeApps Digital Media Inc.

    LifeApps Digital Media Inc. (OTCBB: LFAP) (OTCQB: LFAP), an
    emerging growth company, is a designer of sports, health, fitness and
    entertainment publications and next-generation social networks. As part
    of its various product launches, the company is becoming a leading
    authorized developer, publisher and licensee on Apple iOS — iPhone,
    iPod touch, and iPad devices. Through LifeApps’ multi-sport and fitness
    offerings, including its latest digital magazine app, YouWorkout,
    subscribers benefit from the expertise of top-tier sports physicians,
    performance fitness trainers and professional athletes.


    For more information about LifeApps and its latest digital media
    offerings, please visit: http://www.youworkout.com.


    Forward-Looking Statements


    This release contains “forward-looking statements” as that term is used
    under the federal securities laws. Such statements may be identified by
    the use of words such as “anticipate,” “believe,” “expect,” “future,”
    “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and
    similar expressions. These forward-looking statements are subject to
    various risks and uncertainties that could cause LifeApps’ actual
    results to differ materially from those currently anticipated, including
    risks and uncertainties relating to the Company’s business, product
    development, marketing and distribution plans and strategies. These and
    other factors are identified and described in more detail in the
    Company’s filings with the Securities and Exchange Commission
    (the “SEC”) including the Company’s current report on Form 8-K relating
    to the reverse merger filed with the SEC on September
    25, 2012. The Company does not undertake to update these
    forward-looking statements.


    Add
    to Digg

    Bookmark
    with del.icio.us
    Add
    to Newsvine

    Press Contact
    LifeApps Digital Media
    Email Contact
    858.952.5715

    Source: LifeApps Digital Media Inc.

  • alive
    ALiVE
    Posted at 09:23h, 17 October Reply

    *LFAP news 10.17.12

    LifeApps Digital Media Inc. Engages Trilogy
    Capital Partners to Lead Financial Communications and Investor Relations
    Initiatives

    Marketwire   “Press
    Releases”

    SAN DIEGO, CA — (Marketwire) — 10/17/12 —
    LifeApps
    Digital Media Inc. (the “Company”) (OTCQB: LFAP) (OTCBB: LFAP), an
    emerging growth company and designer of apps and next-generation social
    networks for sports, health, fitness and entertainment enthusiasts,
    today announced the engagement of Trilogy Capital Partners to
    lead its financial communications and investor relations initiatives.


    Trilogy is a New York-based
    financial communications firm providing strategic positioning and
    investor relations support for dynamic and fast growing companies.
    Trilogy’s mandate is to drive investor awareness for LifeApps as the
    company capitalizes on the rising demand for highly interactive digital
    publications and customized health, sports and entertainment apps on
    today’s latest mobile devices and tablets. Trilogy will aim to generate
    sustainable market interest in LifeApps, while supporting the
    organization’s commitment to growing revenues, earnings and shareholder
    value.


    “The depth of market experience represented by the Trilogy team,
    combined with the high-growth focus of LifeApps on the digital mobile
    and tablet scene, make the timing of this relationship ideal,” Robert
    Gayman, CEO of LifeApps Digital Media Inc. “Together
    with Trilogy, we intend to use all the communication channels available
    to disseminate and distribute a robust stream of news and information
    supporting maximum transparency so we can keep the financial community
    apprised of our ongoing successes.”


    Trilogy’s responsibilities under the agreement include ongoing contact
    with prospective institutional and retail investors, as well as the
    distribution of news, research and information to current LifeApps
    shareholders and potential investors. Trilogy will also manage outreach
    and presentations to institutional investors and others in the national
    and international financial community.


    LifeApps recently announced the successful completion of its reverse
    merger (now trading under the symbol “LFAP”) on September
    20, 2012, as well as its contemporaneous raise of $1.2
    million through a private offering. Freshly capitalized,
    LifeApps is deploying a series of strategic initiatives to enhance its
    apps and digital product offerings across numerous mobile phones and
    tablets including the iPad, iPhone, Kindle Fire and leading Android
    devices.


    About LifeApps Digital Media Inc.

    LifeApps Digital Media Inc. (OTCQB: LFAP) (OTCBB: LFAP), an
    emerging growth company, is a designer of sports, health, fitness and
    entertainment publications and next-generation social networks. As part
    of its various product launches, the company is becoming a leading
    authorized developer, publisher and licensee on Apple iOS – iPhone, iPod
    touch, and iPad devices. Through LifeApps’ multi-sport and fitness
    offerings, including its latest digital magazine app, YouWorkout,
    subscribers benefit from the expertise of top-tier sports physicians,
    performance fitness trainers and professional athletes.


    For more information about LifeApps and its latest digital media
    offerings, please visit: http://www.youworkout.com.


    Forward-Looking Statements


    This release contains “forward-looking statements” as that term is used
    under the federal securities laws. Such statements may be identified by
    the use of words such as “anticipate,” “believe,” “expect,” “future,”
    “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and
    similar expressions. These forward-looking statements are subject to
    various risks and uncertainties that could cause LifeApps’ actual
    results to differ materially from those currently anticipated, including
    risks and uncertainties relating to the Company’s business, product
    development, marketing and distribution plans and strategies. These and
    other factors are identified and described in more detail in the
    Company’s filings with the Securities and Exchange Commission
    (the “SEC”) including the Company’s current report on Form 8-K relating
    to the reverse merger filed with the SEC on September
    25, 2012. The Company does not undertake to update these
    forward-looking statements.


    Add
    to Digg

    Bookmark
    with del.icio.us
    Add
    to Newsvine

    Company Contact
    LifeApps Digital Media
    Email Contact
    858.952.5715
    Financial Communications Contact
    Trilogy Capital Partners
    Darren Minton
    President
    212-634-6413
    Email Contact

    Source: LifeApps Digital Media Inc.

  • alive
    ALiVE
    Posted at 10:25h, 17 October Reply

    *http://www.trilogy-capital.com/index.html

    direct link to Sichenzia Ross Friedman Ference LLP site from the Trilogy page

    http://www.trilogy-capital.com/ap.html

    Trilogy (Darren Minton signing normally) show up in many filings including UNDT CCTC PHOT BFDI SKNY and more

  • nodummy
    nodummy
    Posted at 17:18h, 04 November Reply

    LFAP will officially become a StockBrainiac promotion (along with some other D listers) on November 5, 2012.

    This stock has been a nice climber since we first alerted it to our members several weeks ago.

    Current shareholders may be best served selling on the first spike generated by incoming volume.

  • alive
    ALiVE
    Posted at 16:08h, 11 November Reply

    11.9.12 Hardmailer Pics and Disclaimer confirm after weeks of speculation

    http://www.investorsunderground.com/img/YOGLCFLTBF.png
    http://www.investorsunderground.com/img/SVLZNZEPCR.png

    ‘conservative’ profit strategy – sell half at $6.18 and the balance at $19.89

    ‘aggressive – go ahold and hold for $20…sheeesh…ha

Post A Comment