DENVER, CO--(NewMediaWire - Oct 11, 2017) - SPYR,
INC. (OTC PINK: SPYR) -- a holding company with a wholly
owned subsidiary in the mobile game and app development and
publishing industry -- today announced that it has signed a
publishing and development deal with Reset Studios for the
development of at least two new idle tapper games to be published
by SPYR, the first of which will feature characters and storylines
from a well-known animated television series.
Pursuant to the publishing agreement with Reset Studios, SPYR is
currently in negotiations for licenses with multiple televisions
series' IP holders that would allow gamers to play as their
favorite characters from major television series and battle
increasingly difficult enemies to unlock new characters and
rewards.
The idle tapper genre is a relatively new game genre in which
players repeatedly perform simple actions, such as tapping their
screens, to gain currency and progress in the game. The game
continues even in the player's absence, resulting in the
accumulation of rewards every time the player reopens the game.
This feature makes idle tapper games among the most engaging
genres, as players enjoy returning to the game to see their
exponential progress. Players also have the option to make
purchases in-game to speed up their progression.
Reset Studios develops games for all platforms, with a focus on
the free-to-play market. Before becoming an independent company,
the Reset team was responsible for the development and much of the
success of Heroes of
Newerth, a free-to-play multiplayer online battle arena
(MOBA) game that launched in 2010 and attracted over 30 million
users.
"Idle tapper games are becoming increasingly popular because
they're so simple and easy for anyone to pick up and play," said
Brad Bower, CEO of Reset Studios. "We're thrilled to work with SPYR
to develop new titles and continue innovating in this growing
genre. Incorporating characters and content from a celebrated
animated television series into the games will make them even more
fun and irresistible to play."
"We are very excited to announce that we have entered into this
agreement with Reset Studios," said James R. Thompson, CEO and
President of SPYR. "We're impressed by the team's deep
understanding of how to engage users through compelling gameplay
while simultaneously maximizing revenue. Moreover, the success of
the idle tapper genre right now reinforces that these are exactly
the type of games we want to be publishing as we continue to grow
our mobile game portfolio."
SPYR anticipates announcing at least one of the IP deals before
the end of this year.
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.
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