Frankly Inc. announced that it has signed an agreement dated as of July 28, 2015 to purchase the outstanding units of Gannaway Web Holdings, LLC. Subject to TSX-V approval, in connection with, and upon the closing of, the transaction, Frankly shall appoint Joseph G. Fiveash, III, Vice President, Digital Media, Strategy and Business Development of Raycom, as a member of Frankly's board of directors and Lou Schwartz as President of the Media Division of Frankly. Upon the appointment of Mr. Fiveash as a member of Frankly's board of directors, Jung Woo Sung will step down as a director of Frankly.