DENVER, February 2017 — SPYR, INC. (OTCQB: SPYR), a holding company with wholly owned subsidiaries in both the mobile game & app development and publishing industry, and in the restaurant industry, today provides its shareholders with an update on its plans and objectives for the year 2017.
SPYR’s overarching goal for 2017 and beyond is to become a premier, diversified mobile games publisher, deriving revenue from games in various genres and appealing to multiple demographics.
SPYR’s main focus in 2016 was on Pocket Starships, its flagship real-time, cross-platform space-themed MMO (Massively Multiplayer Online) game. In September of 2016, SPYR successfully launched the Hivespawn expansion to Pocket Starships and since that time the developer of Pocket Starships has continued to release additional content within the game. Since the release of the Hivespawn expansion, SPYR and the developer have been engaged in targeted user acquisition combined with the analysis of user data and the continued game development in response to that data. The goal of the analysis and development is to optimize user retention and monetization, after which a strategic long-term user acquisition campaign will begin and revenues should increase significantly.
Pocket Starships is currently available to play on the web on numerous portals around the world. SPYR is always looking to make Pocket Starships available on additional web portals. Agreements with web portals do not involve any cash outlay from SPYR, as the portal operators receive a share of the revenue generated by the game on their portal. The unique ability to make the game available on all of these portals, as well as on mobile devices is only possible because of the crossplatform aspect of Pocket Starships.
It is anticipated that before the end of the 2 nd quarter, a Windows update will be added to Pocket Starships allowing an additional 350M potential users to access the game through their Windows devices.
SPYR and the Pocket Starships developers are diligently working on a series of updates to the game that will prepare it for entry into eSports. The first update, which will allow for direct player vs. player combat is anticipated to be completed within the next 30 days. Two more patches are expected to be released in the first quarter of 2017 adding squad-based player vs. player combat and, finally, a full-blown tournament system.
SPYR plans on declaring a stock dividend to its existing shareholders on a date to be determined. In the near future, SPYR will divest itself from the restaurant business by issuing a stock dividend to our shareholders of record as of a specific record date. The restaurant division will become a separately traded public entity. SPYR then intends to file a Registration Statement with the Securities and Exchange Commission (SEC) to have the restaurant division trading under a separate ticker symbol as a separately trading public entity.
SPYR encourages its shareholders to register their stock certificates in their individual names so that they can promptly receive their stock dividend shares in the newly formed company. Shares that are held in street name and included in a shareholder’s brokerage account may be encumbered and borrowed against by short sellers, as is evidenced by the reported short position in this stock on the OTC Markets website, which could delay a shareholder’s receipt of dividend shares.
New Gaming Executives
SPYR will soon be adding highly skilled and experienced games executives to the games publishing team and plans to fully utilize their industry expertise, knowledge, and industry contacts in fostering SPYR’s continued growth.
Publishing Additional Games
The Company will continue to seek out new publishing agreements for new game titles in various stages of development. SPYR will be considering games in a diverse field of genres, with the goal of creating a portfolio of games appealing across multiple demographics, resulting in a regular and consistent revenue stream.
Hollywood Intellectual Property
SPYR has been and will continue to search out Hollywood Intellectual Property (IP) to enhance the revenue and exposure of Pocket Starships and its other published titles. The above macro-level overview is provided to give SPYR’s shareholders an update on the Company’s roadmap for the next few months and the coming year. SPYR anticipates that 2017 will be a landmark year for the company and its shareholders.