Tapinator Adds to Executive Team and Announces M&A Initiative
Jun 25, 2015, 07:45 ET
NEW YORK, Jun. 25, 2015 /PRNewswire/ --Tapinator, Inc. (OTC: TAPM), a developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms, today announced that Andrew Merkatz has joined the Company as President & CFO.
Mr. Merkatz, a finance executive with 20 years of experience as both an investor and operator in high growth media and technology companies will, among other things, lead Tapinator's corporate development and acquisition strategy. Mr. Merkatz spent the past seven years focused on technology investments as a Managing Director at Vision Capital, an investment firm which, at its peak, managed in excess of $700mm across a variety of funds. In 2007, Mr. Merkatz co-founded Familybuilder, along with Tapinator's CEO Ilya Nikolayev. Familybuilder developed and operated Family Tree, the largest family app on Facebook with 45 million users, prior to the successful sale of the Company in 2011. In 2013, Mr. Merkatz and Mr. Nikolayev co-founded InAppFuel, a developer of a patent-pending casino minigame software for mobile game developers that was acquired by Tapinator in September 2014. Mr. Merkatz, whose complete bio can be found at www.tapinator.com/aboutus, holds an M.B.A. from Harvard Business School and a B.A. in Economics, with distinction, from the University of Pennsylvania.
Commenting on his appointment, Mr. Merkatz said "I am excited to join Ilya and the rest of the talented team at Tapinator. The Company's accomplishments to date are extremely impressive and I look forward to helping accelerate the Company's growth, both organically and through highly targeted acquisitions. Given the Company's recently announced $2.0 million growth financing, the Company is well positioned to selectively acquire high quality assets from independent and venture backed game developers that may not otherwise have a clear path to realize the full potential of their creative efforts."
Commenting on the hire, Ilya Nikolayev, Chairman and CEO, added, "Andy and I have known and worked together in different capacities for almost a decade and, given our complementary skillsets and comfort level, I am thrilled that he shares my enthusiasm for the future of the Company, and we are fortunate that he has agreed to join the executive team at Tapinator."
Tapinator (OTC: TAPM) is a developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms. The Company focuses on operating its own titles and publishing properties where it holds substantial ownership positions. Tapinator's owned and operated portfolio includes over 100 mobile gaming titles that, collectively, have achieved over 90 million downloads. A number of these titles have risen to the top of the mobile leaderboard charts and have been featured by the Apple, Google, and Amazon App Stores. Founded in 2013, Tapinator is headquartered in New York, with product development teams located in Denmark, Pakistan, Indonesia, Canada, and Russia. For a full listing of Tapinator game titles, please go to Tapinator.com. For further financial information on the Company, please go to OTCMarkets.com/stock/TAPM. For live updates, please like us on Facebook at facebook.com/Tapinator or follow us on Twitter at twitter.com/Tapinator.
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 "may," "will" "expect," "anticipate," "estimate," "intend," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Examples of forward-looking statements contained in this press release include, among others, statements regarding the quoting and trading of our common stock and our expectations regarding our development and monetization plans for our mobile games. Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the hits nature of the mobile gaming business. 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 Market Group's OTC Link quotation system 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 Market Group's OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another 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 in general, see Tapinator's filings with the OTC Market Group, which are available through http://www.otcmarkets.com.
Tapinator Investor Relations
SOURCE Tapinator, Inc.
Share this article