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Jaxsta (ASX:JXT) - Co Founder and CEO, Jacqui Louez Schoorl
Co Founder and CEO, Jacqui Louez Schoorl
Source: The Music Network
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  • Music company Jaxsta (JXT) has seen a significant increase in users on its Jaxsta Pro platform
  • Since the company launched its Jaxsta Pro free campaign on April 22, there has been a 2427 per cent increase in memberships
  • The aim of this was to allow users to claim and improve their Jaxsta profile after the impact that COVID-19 has had on the music industry
  • Furthermore, over 1000 industry professionals have now claimed their official Jaxsta profile
  • Jaxsta is down a steady 8.82 per cent and shares are trading for 3.1 cents each

Music company Jaxsta (JXT) has seen a significant increase in users on its Jaxsta Pro platform.

Since the company launched its Jaxsta Pro free campaign on April 22, there has been a 2427 per cent increase in memberships.

Source: Jaxsta

The aim of this was to allow users to claim and improve their Jaxsta profile after the impact that COVID-19 has had on the music industry.

Founded in 2015, Jaxsta provides official credit information for artists and music producers.

It also provides a central database of official music credits and provides music creators, artists, songwriters and producers with a platform to promote their careers.

This growth, coupled with anticipated future growth, will provide the company with a significant membership base to then convert to paid subscriptions.

“We are delighted that Jaxsta has been able to support the music industry in the face of the immense pressure it is currently under,” Co-Founder and CEO Jacqui Louez Schoorl said.

“Our significant global membership growth is encouraging and Jaxsta Pro’s market penetration has been most successful in the U.S. This trend is attributable to the fact that Jaxsta has significant industry partners in the U.S. who supported the campaign’s launch in April and who continue to support its ongoing outreach” she added.

Furthermore, over 1000 industry professionals have now claimed their official Jaxsta profile.

These professionals can now fully use the platform as a collaboration, career networking, and revenue deployment tool by updating their profiles by including a biography, picture, social media details, and contact information.

“While the global uptake of Jaxsta Pro is impressive, we still have work to do getting to what we consider global critical mass,” Chair Linda Jenkinson stated.

“Our next objective is to get to 50,000 members on the platform as quickly as possible. We are working toward achieving this goal by developing the next phase of our strategic marketing plan which incorporates industry partnership participation,” she said.

Jaxsta is down a steady 8.82 per cent and shares are trading for 3.1 cents each at 1:27 pm AEST.

JXT by the numbers
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