VANCOUVER, British Columbia, October 13, 2016 /PRNewswire/ --
Arcturus Growthstar Technologies Inc. (the "Company" or "Arcturus") (CSE: AGS) (OTC Pink: AGSTF) is pleased to announce that it has established a new mobile gaming division (www.420AppGaming.com) with the intent to put out 420 themed games, which will generate revenue through In App Purchases (IAP) as well as through ad impressions. According to the Global Games Market Report, gamers worldwide will generate a total of $99.6 billion in revenues in 2016, up 8.5% compared to 2015. For the first time, mobile gaming will take a larger share than personal computers with $36.9 billion, up 21.3% globally.
"With our recent mobile app acquisition and our growing focus on Cannabis, we feel Arcturus is now uniquely positioned to capitalize on these two huge and converging trends by publishing a suite of 420 themed games and utility apps," says Mr. William Gildea, Arcturus Growthstar Technologies Inc.'s CEO and Chairman.
Arcturus' mobile app plan is to first launch a series of 420 themed casual games like Slots, Poker, Solitaire and Bingo, which all have a large and broad appeal, before year end 2016. According to ThinkGaming, five of the top 20 grossing revenue games are slots games while the rest are tried and true games that have proven to be winners on mobile devices and consistently in the top charts.
"We are excited to be working with the Arcturus team and, in addition to the 420 gaming apps we are currently developing, in Q1 2017 we are also planning to release utility apps to compete with the biggest apps in the Cannabis space, including Weedmaps and Massroots," says Mikael Hovhannisyan, the app development team manager.
For further information, contact William Gildea, Director, at 617.834.9467.
On behalf of the Board,
Arcturus Growthstar Technologies Inc.
William Gildea, CEO & Chairman
The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants. Arcturus provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land. The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.
The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com which caters to B2B customers is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com which caters to both large and small agriculture green houses and controlled cultivation centers.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts
responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
CEO & Chairman
Arcturus Growthstar Technologies Inc.
#5-9079 Shaughnessy Street
SOURCE Arcturus Growthstar Technologies Inc.