DENVER, Sept. 9, 2015 /PRNewswire/ -- SPYR, INC. (OTCQB: SPYR), a holding company with wholly owned subsidiaries in the digital publishing and advertising industry, mobile game and app development industry, and the food service industry, today followed up its recent announcement of the appointment of Paul Thind as Managing Director of the Company's wholly owned subsidiary, SPYR APPS, LLC, which focuses on the development of digital games and applications, by revealing some of the strategic goals and actions Mr. Thind expects to implement early in his tenure with the Company.
More specifically, Mr. Thind has already taken steps to:
- Establish a core team of mobile games industry professionals in Marketing, Business Intelligence, Studio and Production;
- Establish a team of industry expert advisors to assist with strategic direction of the Games Publishing Division;
- Source the first round of third party Mobile Games that will be published under the SPYR APPS label; and
- Initiate a "soft launch" of SPYR APPS' third original IP mobile title in core test markets.
"At SPYR APPS, LLC, we intend to create a world-class mobile game development and publishing company by working with third-party developers as well as developing our own IP," stated Mr. Thind. "We are currently in the process of adding the people to our team who will help get us there. We have also identified several new third party games for acquisition or joint venture that we believe will be incredibly successful."
Mr. Thind added, "By setting a clear business strategy based on producing and publishing high quality games, I hope to create long-term shareholder value. Empowering the business to capitalize on new and exciting games will make SPYR a company that not only embraces change, but also creates it."
Mr. Thind concluded, "Through dramatic expansion, procurement of co-development deals, acquisitions and games publishing, we intend to position SPYR APPS for continued success. Our company culture will be based on the Key Performance Indicators and strong analytics-based thinking that I've found to be incredibly successful in the free to play mobile games business. This, along with the creativity of our game designers, producers and developer partners should position SPYR APPS as a major player in the global games and apps market. Of course it all starts with the user, and we will be committed to creating fun experiences for our users to keep them engaged and satisfied."
According to NewZoo, a games market researcher (www.newzoo.com), the mobile games market will rise to an impressive $35.4 Billion USD by 2017. SPYR APPS, LLC believes that it is poised to be a part of this growth by beefing up its team and its games portfolio under the leadership of Mr. Thind.
SPYR, INC. is a holding company that through its wholly owned subsidiary, Franklin Networks, Inc., is engaged in digital publishing and advertising operations, and through its wholly-owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game development. SPYR, INC. also owns and operates an "American Diner" theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called "Eat at Joe's®" through its other wholly-owned subsidiary, E.A.J.: PHL Airport Inc. 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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SOURCE SPYR, INC.