Shares of Vidable Inc. (PINK: VIBE), an online video classified company, are gaining in trading today. At last check, VIBE shares were up 2.04% to $0.0100 on above average volume of 19.71 million. The stock is down 20% in the last three trading sessions.
Earlier this week, Vidable announced that it plans to sell licenses to allow third parties to sell its digital media services under the Vidable brand for a monthly fee. The plan is part of the company’s strategy to penetrate the multi-billion dollar U.S. online advertising market.
Vidable President Lino Luciani said that VIBE has designed its licensing program to encourage third parties to license its services allowing them to create online videos and set up Vidable channels for local businesses.
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