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Our other products include Tinychat and Vumber. Our product portfolio includes Paltalk and Camfrog, which together host one of the world's largest collections of video-based communities.
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is a communications software innovator that powers multimedia social applications. is a developer focused on developing innovative tools, software applications, and solutions that enhance user experience and empower brands while increasing revenue opportunities.
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The purchase price for the Man圜am assets was $2.7 million in cash consideration, plus a potential earn-out payment of up to $600,000 upon the achievement of certain performance thresholds related to gross sales of Man圜am software over the six-month period following the closing of the acquisition. In addition, Paltalk has entered into transition services agreements with certain employees or affiliates of Visicom to facilitate the transfer of the assets from Visicom to Paltalk.
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Paltalk acquired certain assets from Visicom related to the Man圜am software, including, among others, all assets related to, or used by Visicom in connection with, the business of developing and distributing virtual webcam driver software, including virtual backgrounds and/or "masks" or other camera effects, whether tangible or intangible, including, but not limited to, Visicom's Man圜am software and related source code, customer lists, customer relationships and all associated customer information, contracts with contractors and suppliers, brand names, trade secrets, trademarks, trade names, designs, copyrights, websites, all URLs, goodwill and intellectual property associated with each of the foregoing. Man圜am is a logical extension for the Paltalk and Camfrog customer base, and we believe it is an application that our existing users will be willing to pay for." We believe the integration of the Man圜am software into our current application offerings has the potential to generate positive cash flow in the near term and contribute to positive EBITDA over the long term. Man圜am gives users the ability to have multiple camera feeds, backgrounds and effects while also enabling users to share presentations, spreadsheets, documents and much more. We believe that Man圜am is not only a perfect fit for our existing video chat communities, but also a great addition to other video conferencing applications like Zoom or Google Meet. Jason Katz, Chairman and CEO of Paltalk, commented, "I have been impressed with the Man圜am software for many years.
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Man圜am is a live streaming software and virtual camera that allows users to deliver professional live videos on any streaming platform, video conferencing app or distance learning tool. ("Paltalk," the "Company," "we," "our" or "us") PALT, a leading communications software innovator that powers multimedia social applications, today announced that it has acquired the core assets of Man圜am from Visicom Media Inc. This tool is compatible with the software of the most popular communication such as Skype, Windows Live Messenger or Yahoo Messenger.JERICHO, NY, J(GLOBE NEWSWIRE) - via NewMediaWire – Paltalk, Inc.
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All adapting in real time according to the position and movements of the face. The application also allows to change the eyebrows, eyes, hair, faces and hats. The "Effects" allows distorted images, changing colors, applying distorting lenses, or other flames and snow effects. The mobile or fixed set background (sky, sunset, waterfall) "background" option attached to the image. The "object" tab allows superimposing an Avatar mask, and movable objects with a single click. Man圜am offers a wide range of effects from the simplest to the most complicated. User can order different animations directly from his communications software. In fact, when the webcam is used in a private chat or even a discussion group, user can add animated pictures, small visual effects, background colors, text or date and time in the box visual. It allows to enhance the video broadcast from the webcam.
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