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Friday, June 18, 2021

LGBTQ Loyalty Holdings Inc (OTCMKTS: LFAP) Major Move as Co Announces Upcoming Launch of GBTQ+ ESG100 ETF on the Nasdaq

LGBTQ Loyalty Holdings Inc (OTCMKTS: LFAP) is making an explosive move up the charts after the Company announced a two-year extension for its current Board of Directors. This commitment from a world-renowned Board represents a significant responsibility to the Company and will drive extensive media coverage surrounding the upcoming launch of their much-anticipated LGBTQ+ ESG100 ETF on the Nasdaq. 

LFAP has a long history of big moves skyrocketing from triple zeroes to ov er $0.25 per share in 2019 when the Company first announced their plans for the ETF. Now with the LGBTQ+ ESG100 ETF expected to launch on the Nasdaq investors are heavily accumulating again with dollar volume topping $5 million on Thursday morning alone. 

LGBTQ Loyalty Holdings Inc (OTCMKTS: LFAP) is a diversity and inclusion-driven financial methodology and data company that quantifies corporate equality alignment with the LGBTQ community and minority interest groups. The Company has benchmarked the first-ever U.S. Loyalty Preference Index which the Company believes empowers the LGBTQ community to express their preferences for the nation’s high performing corporations most dedicated to advancing equality. The Loyalty Preference Index, branded as LGBTQ100 ESG Index, is an environmental, social and governance (ESG) Index, offering an added perspective for those seeking to align with equality driven ESG responsible corporations. LGBTQ Loyalty’s leadership includes seasoned authorities in the financial industry and the LGBTQ community.  

Microcapdaily has reported on LFAP before stating on the Company’s upcoming Loyalty (ETF) Index Traded Fund “The fund is expected to be the first ”preference” index fund to survey a representative group of LGBT consumers to determine the top public companies that best support and are supported by the LGBT community. We expect the S&P 500 to represent the universe of companies surveyed. Expert LGBT economists have repeatedly stressed the value of the LGBT brand loyalty to corporations. We believe the companies that best capture the spending trends and loyalty of the LGBT consumer will be better positioned for financial growth and success. In 2017, LGBT consumer buying power was over $917 billion in the US market alone. Our business strategy is targeted to part of the $3.7 trillion purchasing power of the LGBT consumer demographic worldwide. 

LGBT will be the inaugural ETF launched via the Procure Asset Launchpad (PAL), ProcureAM’s partnered platform. Barney Frank, former U.S. Congressman and LGBTQ Loyalty board member stated: “Pressing corporations to implement diversity and ensure that their practices represent a commitment to LGBTQ equality is important. So is providing a positive incentive. Giving the LGBTQ community, and our friends and allies, a way to do this through their investments is the best example of this approach. I am proud to be a part of this effort, which brings together two of the major themes of my work in Congress: a financial system that serves both private and public needs, and human rights. With a combined two decades of experience working with third-party ETF platforms, we have developed a unique partnership model to improve upon the options currently available in the marketplace,” said Andrew Chanin, CEO of ProcureAM. “We couldn’t think of a better partner than LGBTQ Loyalty and its prestigious board of directors to launch this arm of our business with, and we look forward to continuing to expand our platform to help reshape the exchange-traded product landscape.” 

Other distinguished members of the LGBTQ Loyalty Board of Directors include Major League Baseball Vice President and Special Assistant to the Commissioner, Billy Bean; International Tennis Hall of Famer, Martina Navratilova; LGBTQ media entrepreneur and former world-ranked tennis professional, Bobby Blair; and former CEO of Pride Media, Orlando Reece 

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LFAPOn May 6 LFAP announced a two-year extension for its current Board of Directors. This commitment from a world-renowned Board represents a significant responsibility to the Company and will drive extensive media coverage surrounding the upcoming launch of their much-anticipated LGBTQ+ ESG100 ETF on the Nasdaq. 

The Board is pleased to announce the launch of the LGBTQ+ ESG100 ETF, benchmark against the LGBTQ100 ESG Index, to be listed on the NASDAQ on the opening day of trading on May 18th, 2021. LGBT will trade on the Nasdaq and track the LGBTQ100 ESG Index (Index Ticker: LGBTQ100) which identifies the top 100 corporations that most align with the LGBTQ community across America. It is the first-ever index to incorporate LGBTQ community survey data into the methodology, generating a benchmark of the nation’s highest-performing companies that are most committed to advancing equality. The LGBTQ100 ESG Index has outperformed the S&P 500 Index by 4.82% in 2020. Since the launch of the Index on NYSE ticker symbol: LGBTQ100 in October of 2019 the LGBTQ100 ESG Index has outperformed the S&P by 5.42% (as of 3/26/2021). As more information becomes available, LGBTQ Loyalty Holdings Inc. will release more information. 

LFAP Management team stated “My entire life has been spent working with people like legendary tennis coach Nick Bollettieri, iconic Billie Jean King and others who created incredible support teams to execute and succeed in their initiatives at the highest level around the world. The board of directors for LGBTQ Loyalty Holdings, Inc, stock symbol LFAP is one of the most time-tested LGBTQ teams ever established to fight for advancing equality in the financial world and beyond. As CEO I am thrilled our entire board of director’s team has committed to two more years of contributing their life-long experiences and the essential global awareness to our advancing equality financial products that serve our community that clearly represents our principles and core values along with our financial interest. I am happy to join my colleagues in extending our service together to provide the continuity that will ensure a successful launch of the LGBTQ+ ESG100 ETF on the Nasdaq. For more than two years, I’ve been fortunate to work alongside an incredibly accomplished and committed group who believed in one goal. Vision and determination are not always realized overnight, but this effort allowed our methodology to prove itself to the financial industry. We have now arrived at a significant moment in the history of the U.S. financial markets with the launch of the LGBTQ+ ESG100 ETF on the NASDAQ. I’m excited that our Board of Directors has the opportunity to continue working together raising the visibility and message of LGBTQ Loyalty Holdings, Inc. for years to come,” said Board member Billy Bean. 

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LGBTQ Loyalty Holdings Inc (OTCMKTS: LFAP) is making an explosive move up the charts after the Company announced a two-year extension for its current Board of Directors. This commitment from a world-renowned Board represents a significant responsibility to the Company and will drive extensive media coverage surrounding the upcoming launch of their much-anticipated LGBTQ+ ESG100 ETF on the Nasdaq.  LFAP has a long history of big moves skyrocketing from triple zeroes to ov er $0.25 per share in 2019 when the Company first announced their plans for the ETF. Now with the LGBTQ+ ESG100 ETF expected to launch on the Nasdaq investors are heavily accumulating again with dollar volume topping $5 million on Thursday morning alone. We will be updating on LFAP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with LFAP.

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Disclosure: we hold no position in LFAP either long or short and we have not been compensated for this article.

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