Tapinator
Appoints
Two
Additional
Independent
Directors
New
York, NY -- December 2, 2019 -- InvestorsHub NewsWire
-- Tapinator,
Inc. ("Tapinator,"
the
"Company," "we,"
"our" or "us") (OTCQB: TAPM),
a
developer
and publisher of
category
leading apps
for mobile
platforms,
with
a
focus on social casino
games, today
announced
that
our Board of Directors has
appointed
Spencer
G. Feldman and Desmond Glass to the Company's Board of
Directors. Both Messrs.
Feldman and Glass qualify as "independent" directors under the
rules and regulations of the
Nasdaq
Stock
Market
and the
Securities and Exchange Commission.
The
Company intends to appoint Mr. Feldman to be a member of its Audit
and Compensation Committees and as Chairman of its Nominating and
Corporate Governance Committee, which the Board of Directors plans
to establish in the near future.
Mr.
Feldman is a partner in the New York City law firm of Olshan Frome
Wolosky LLP, where he has been a member of its corporate and
securities group since September 2013. He was previously a
principal shareholder in the law firm Greenberg Traurig LLP,
practicing in its corporate and securities department, which he
joined in 1993. Mr. Feldman has more than 30 years of experience
practicing corporate and securities law and concentrates his
practice in the areas of initial public offerings,
secondary
offerings, shelf
takedowns, PIPEs and other private financings, and mergers &
acquisitions with public companies, with an emphasis on
representing computer, Internet, media and other technology-driven
companies.
The
Company intends to appoint Mr. Glass to be Chairman
of its
Audit Committee and as a member of
its Compensation
Committee and Nominating and Corporate Governance
Committee.
Since
November 2017, Mr. Glass has served as Group Chief Financial
Officer and company Secretary at RWS Holdings PLC
(RWS.L),
an
AIM-listed
multinational language and professional services provider, where he
is responsible for shaping and executing upon the financial
strategy of the business. From April 2008 until October 2017, Mr.
Glass served as the Chief Financial Officer of GAN PLC, a provider
of enterprise online gaming software, operational support services
and online game content development services to the casino
industry. Mr. Glass is a dynamic and hands-on Chief Financial
Officer, with proven international leadership experience gained in
both public and private venture backed companies, who brings a rare
blend of strategic and commercial acumen coupled with a pragmatic
and open leadership style. Prior to his time at RWS Holdings PLC
and GAN PLC, Mr. Glass held positions at Evexar Limited, Rodale
International Limited, ABC Inc., and Deloitte, among others. Mr.
Glass received his Bachelor of Commerce from University College
Dublin, his ACA from the Institute of Chartered Accountants in
Ireland, and his MBA from Imperial College London.
Ilya
Nikolayev, Tapinator's
Chairman and
Chief
Executive Officer, stated, "We
are thrilled to welcome both
Spencer
and Desmond to Tapinator's Board of Directors.
They are seasoned professionals who each bring unique and
complementary skill sets to the
Company. As we work toward
our goal of achieving an exchange listing in 2020,
we are committed to
continuously improving our corporate governance,
and
enhancing
Tapinator's team via select additions of high-caliber
individuals such as
Messrs.
Feldman and Glass."
About Tapinator
Tapinator
Inc. (OTCQB: TAPM) develops and publishes category
leading apps for mobile platforms,
with a
focus on
social casino games.
Tapinator's library includes more
than 300
titles that, collectively, have achieved over 495
million
mobile downloads, including notable properties such as
Video Poker Classic and
Solitaire Dash.
Tapinator generates revenues through the sale of branded
advertising and via consumer transactions, including in-app
purchases and subscriptions. Founded in 2013, Tapinator is
headquartered in New York, with product development and marketing
teams located in North America, Europe and Asia. Consumers can find
high-quality mobile entertainment wherever they see the
'T'
character logo, or at
http://tapinator.com.
Forward Looking Statements
To the
extent that statements contained in this press release are not
descriptions of historical facts regarding Tapinator, they
are
forward-looking statements reflecting the current beliefs and
expectations of management made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Words such as "believe," "goal,"
"plan,"
"feel,"
"may," "will," "expect," "anticipate," "estimate," "intend,"
"target,"
and
similar expressions (as well as other words or expressions
referencing future events, conditions or circumstances) are
intended to identify forward-looking statements.
These
forward-looking statements include, among other things,
our
goal
of achieving an
exchange listing in 2020.
Forward-looking
statements are subject
to risks and
uncertainties that could cause our
future
results, performance or achievements to differ significantly from
those expressed or implied by the forward-looking
statements. Except as required
by law, Tapinator
undertakes no obligation to update or revise any forward-looking
statements. The quoting and trading of the Company's common stock
on the OTC Marketplace
is
often thin and characterized by wide fluctuations in trading
prices, due to many factors that may have little to do with the
Company's operations or business prospects. As a result, there may
be volatility in the market price of the shares of the Company's
common stock for reasons unrelated to operating performance.
Moreover, the OTC Marketplace
is not
a stock exchange, and trading of securities on it is often more
sporadic than trading of securities listed on a national
securities
exchange. Accordingly, stockholders may have difficulty reselling
any of their shares. For a further description of the risks and
uncertainties that could cause actual results to differ from those
expressed in these forward-looking statements, as well as risks
relating to the business of the Company, please
see the Company's Annual Report on Form 10-K for the year ended
December 31, 2018 and
its Quarterly Reports on Form 10-Q,
including
but not limited to the discussion under "Risk Factors" therein,
which the Company filed with the SEC and may be viewed
at http://www.sec.gov.
CONTACT:
Tapinator Investor
Relations
investor.relations@tapinator.com
914.930.6232