Pocket Games Issues Supplemental Information Filing to Update Shareholders
PKGM Outlines Plans for the Future and Details Contract
New York, NY -- February 13, 2018 -- InvestorsHub NewsWire -- Pocket Games, Inc. (OTC: PKGM), announces today that the Board has approved the release of material information and has authorized the release of their newly signed contract which can be found on the OTC Markets Website and on the Company’s website: https://www.otcmarkets.com/stock/PKGM/disclosure
Pocket Games recently announced that it has setup a new subsidiary to handle the development of its Crypto Currency business, PocketChain LLC. It subsequently signed a contract with a third party to mine crypto currencies for PocketChain, LLC. The contract signed requires a relatively small investment from Pocket Games and aims to make Pocket Games become self-sustaining and reduce its reliance on third party funding. Today, Pocket Games, Inc. makes many of the contract details available to shareholders via the OTC Markets website.
CEO, David Lovatt, commented “I understand how this can be an exciting time for shareholders as we change our business model and that is why we are making our business as transparent as possible. Gaining access to a potentially explosive type of revenue stream like this will fundamentally change our business as well as our financial situation. With income from an independent source, through the mining of crypto currencies, our reliance on outside capital should reduce dramatically. Our aim is to continue to release information about our strategic direction over the coming weeks and soon hope to be able to show a new platform that will allow our shareholders, and others, to get involved with crypto mining.”
CEO David Lovatt has previously stated that he sees no requirement for a reverse split to fund this new venture.
In January, the Company announced a 50% reduction in its authorized share capital and is committed to keeping current its filings on OTC Markets to aid those undertaking full due diligence on this phase of the Company’s development.
Pocket Games reminds shareholders that the only source for public information on its activities is either OTCmarkets.com or its own website (www.pocketgamesinc.com).
Shareholders are also asked to find Pocket Games on Twitter ™ (https://twitter.com/PocketGamesInc) where they will be able to see the beginnings of the corporation’s new image and get a flavor for its new vision and direction.
About Pocket Games, Inc.
Pocket Games, Inc. is an alternative reporting company on the OTC:US market, trading under the symbol PKGM. With a history in developing games and apps for mobile and PC’s, Pocket Games is currently branching out into alternate revenue streams.
This press release may contain forward-looking statements, including information about management's view of Pocket Games, Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Pocket Games, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Pocket Games’ future results. The forward-looking statements included in this press release are made only as of the date hereof. Pocket Games cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Pocket Games undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Pocket Games.