SOURCE: Broke Out, Inc.

March 02, 2016 11:20 ET

Broke Out Releases Corporate Update for Investors

FRANKFURT, GERMANY--(Marketwired - March 02, 2016) - Broke Out Inc today issued a corporate summary. Broke Out Inc. (OTC PINK: BRKO) recently acquired Megapps Ventures, Inc and instantly inherited a strong portfolio of revenue-generating mobile apps for Apple's iOS and Google's Android. In total, the company now owns more than 30 apps which include; Walk N Text, Lost droid, GPS Spoofer, Call Guard, Emergency Panic Button, Hide Caller ID, Spotty, Philips Hue NFC, Police Crime Watch, Whip It and Private Messenger among others.

Some of the company's apps are free and supported by Google's Admob advertising services while other apps are Paid apps and can be purchased directly from Google or Apple's store.

"We plan to continue growing our business in the short term through acquisitions and in the long term through increased marketing and development of new apps in-house," stated Mr. Chan Set Kuan, CEO of Broke Out Inc.

About Broke Out Inc.

Broke Out Inc. is a German-based developer, publisher and marketer of mobile apps. The Company offers apps to a cross section of users of smartphones and tablet devices who download and make purchases through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store, among others. It owns over 30 paid and free apps at the moment with a focus on Europe and the USA. Information about the company and its services is available at www.BrokeOutApps.com

Notes about Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Annual Report filing and other filings with the OTC Markets Group (available at www.otcmarkets.com). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.