NEW YORK, April 21, 2016 /PRNewswire/ --
Tapinator, Inc. (OTC:TAPM), a designer, developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms, today announced a number of important game network updates as of the end of Q1 2016, including:
- 214 live games including 28 games launched during the first quarter of 2016
- 210 million downloads across the network, up 224% year-over-year
- 51 games that have each achieved over 1 million downloads
- 11.7 million average monthly active users (MAU) during the quarter, up 154% year-over-year
- 742,000 average daily active users (DAU) during the quarter, up 174% year-over-year
- 476,000 average daily downloads, up 159% year-over-year
"Driven primarily by our Rapid-Launch Games division, the size of our games portfolio and our user-base continued to grow significantly during the first quarter," said Tapinator CEO, Ilya Nikolayev. "Additionally, the growth rate of our key player engagement metrics, including Daily Active Users (DAU) and Monthly Active Users (MAU), accelerated during the first quarter of 2016 as compared to the fourth quarter of 2015.
Our Full-Featured Games division launched one new game during the first quarter, Miss the Moose, a quick-fix arcade style game which was featured on iOS as a 'Best New Game' in international markets. This division's activity during the quarter focused mostly on development efforts for major game launches slated for the second and third quarter of this year, including ROCKY, Video Poker Classic, Combo Quest 2 and Big Sport Fishing 2016.
Additional financial performance metrics will be provided as part of our 2016 first quarter results, which we expect to release in early May."
Tapinator (OTC: TAPM) designs, develops, and publishes mobile games on the iOS, Google Play, and Amazon platforms. Tapinator's owned and operated portfolio includes over 200 mobile gaming titles that, collectively, have achieved over 200 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 the United States. 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 Risk Factors which are available at http://www.tapinator.com/disclaimers.
Tapinator Investor Relations
SOURCE Tapinator, Inc.