DENVER, CO--(NewMediaWire - Sep 27, 2017) - SPYR, INC. (OTC
PINK: SPYR), a holding company with a wholly owned subsidiary
in the mobile game & app development and publishing industry,
today outlined its goals and objectives for the remainder of the
calendar year:
1. Finalize Ownership of Pocket Starships - The
significance of this transaction from a fundamental revenue
perspective is that SPYR will retain 100% of the revenue generated
from the game. The significance from an asset perspective is that
SPYR will also now own the game engine, platform, intellectual
property, and internet domains.
2. Publish Additional Games - We anticipate entering into
agreements to publish additional games utilizing well-recognized
Hollywood IP, that will add to our revenue in the coming
months.
3. Enter a Definitive Investment Banking Agreement - SPYR
intends to secure a Definitive Investment Banking arrangement with
a broker-dealer that will assist SPYR with acquisitions, mergers,
joint ventures and capital raising under responsible, minimally
dilutive (non-toxic) terms.
4. Pursue Acquisitions - SPYR has commenced an acquisition
strategy that it intends to pursue aggressively, with the goal
being to acquire multiple companies in or related to the electronic
games industry and, thereby, to obtain ownership of a diverse
portfolio of games titles and other potential related technologies
and content.
5. Stock Dividend - The company has identified and is
reviewing potential targets for merger into its subsidiary;
however, given the amount of time required to perform necessary due
diligence and to obtain regulatory approval, the Board of Directors
has determined that it is in the best interest of the shareholders
to extend the dividend issuance date to December 31, 2017.
Participating in game development with developers is a necessary
part of the publishing process for any electronic game publisher to
succeed. SPYR's goal moving forward is to continue to work closely
with its development partners in bringing new games to market,
while at the same time primarily focusing on growing top line
revenue and profitability.
About SPYR
SPYR, INC. is a holding company that through its wholly owned
subsidiary SPYR APPS, LLC, is engaged in mobile application and
game publishing and development. The Company is currently exploring
opportunities for additional acquisitions in these and other
verticals, including mobile application and game development, in
order to expand its holdings, to drive and increase revenue and to
generate profits and build value for shareholders.
Safe Harbor Statement:
This release contains forward-looking statements that are based
upon current expectations or beliefs, as well as a number of
assumptions about future events. Although we believe that the
expectations reflected in the forward-looking statements and the
assumptions upon which they are based are reasonable, we can give
no assurance or guarantee that such expectations and assumptions
will prove to have been correct. Forward-looking statements are
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"intend," or "project" or the negative of these words or other
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government regulation, international governmental regulation,
inadequate capital, inability to carry out research, development
and commercialization plans, loss or retirement of key executives
and other specific risks. To the extent that statements in this
press release are not strictly historical, including statements as
to revenue projections, business strategy, outlook, objectives,
future milestones, plans, intentions, goals, future financial
conditions, events conditioned on stockholder or other approval, or
otherwise as to future events, such statements are forward-looking,
and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this release are subject to certain risks
and uncertainties that could cause actual results to differ
materially from the statements made. Readers are advised to review
our filings with the Securities and Exchange Commission that can be
accessed over the Internet at the SEC's website located
at http://www.sec.gov, as well as SPYR's website located
at http://www.spyr.com, and SPYR's community channel on
Twitter located at https://twitter.com/spyrinc.