Thumzup Raises Over $1.75 Million in Recently Closed Reg A+ Offering

Thumzup Now Meets the Round Lot Shareholder Requirement for Listing on a National Exchange

The Thumzup Platform Expanded its Userbase by more than 1,000%, Grew Listed Businesses by 5X, and Facilitated More than 15,000 Paid Posts – with a Potential Reach of 24 Million Instagram Users – During the Year Ended December 31, 2023

More than $5 Million Raised Since Inception on its Mission to Democratize the Multi-Billion Dollar Online Advertising Industry

Los Angeles, CA, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Thumzup Media Corporation (“Thumzup” or the “Company”) (OTCQB: TZUP) is pleased to announce that it closed more than $1.75 million from more than 225 unique investors in its recently closed Reg A+ offering. Thumzup now meets the round lot shareholder requirement for listing on a national exchange.

Thumzup has raised more than $5 million since inception to further its mission to democratize the social media marketing and advertising industry estimated to be valued and more than $200 billion and growing rapidly_[1]. Digital advertising spending continues to grow_[2] and 60% of consumers say content from a friend or family member influences their purchase decisions_[3]. Thumzup makes it easy for any brand or business to easily and effortlessly facilitate and pay for valuable recommendations from friends and family on social media.

The Thumzup mobile app, which is available for download in the App Store and Google Play, incentivizes virtually everyone to become social media advocates for the brands they enjoy by paying them cash for approved posts.

During the year ended December 31, 2023, Thumzup:

• Grew its userbase by more than 1,000% concentrated in the Los Angeles market;
• Increased the number of listed businesses on the platform by 5X; and
• Facilitated more than 15,000 paid posts through its platform, potentially reaching more than 24 million Instagram users.
  

“We are very excited by the incredible support Thumzup received from investors around the world as we aim to democratize the multi-billion dollar online advertising industry,” stated Thumzup Chief Executive Officer Mr. Robert Steele. “I expect 2024 will be an exciting and transformative year as we continue our expansion in the Los Angeles area, launch our platform in new markets, form strategic partnerships and alliances to accelerate growth, and work towards our goal of up-listing to a national stock exchange such as the NYSE, Nasdaq, or CBOE. I look forward to reporting back on our growth and progress.”