SOURCE: Pocket Games, Inc.

October 08, 2015 16:10 ET

Pocket Games Agrees to Acquire Viximo, Social Gaming Platform

Acquisition Expands Pocket Games' Opportunities in Social Gaming

NEW YORK, NY--(Marketwired - Oct 8, 2015) - Pocket Games (OTC PINK: PKGM) today announced it has signed an agreement to acquire Viximo, Inc., a social gaming platform, for $3,500,000 in Series B Preferred Stock. The transaction has been unanimously approved by both Boards of Directors and is expected to close in the first quarter of Pocket Games' fiscal 2016.

Viximo connects game developers to social networks through its write once, deploy everywhere platform. Once onboarded to the Viximo platform, social games can be deployed across several social networks, providing accelerated integration and user reach. The Viximo toolset then enables developers to increase user engagement and monetization.

David Lovatt, Chief Executive Officer at Pocket Games, stated, "We are motivated to capitalize on the immediate synergies between Pocket Games and Viximo. We will be engaging our development resources and testing center in India to optimize the platform. Our focus will then shift to onboarding game developers and social networks across the world."

"We are thrilled that the Viximo platform is finding a good home at Pocket Games. We are confident that David and his talented team will enhance the platform and expand the customer base. As social gaming continues its unprecedented growth, Pocket Games is positioned to become a significant player," said Michael Pope, President at Viximo.

About Viximo, Inc.

Viximo, Inc. empowers social networks and game developers to capitalize on social application and gaming opportunities through its "write once, deploy everywhere" social gaming platform. Viximo's platform is complete with social tools, multiple payment options, one click purchasing and a robust virtual currency system. We offer game developers access to our partner base of social networks. The company provides social networks access to premium games and social tools that increase user engagement and monetization. Learn more at www.viximo.com.

About Pocket Games, Inc.

Pocket Games, Inc. (OTC PINK: PKGM) is a video game development and testing company focused on full-spectrum game testing and the acquisition and growth of innovative IP in the video game space. Following its recent acquisition of Idol Hands, the Company continues to execute its expansion into the burgeoning video game industry in pursuit of innovative revenue streams. Learn more at www.pocketgamesinc.com.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management's view of Pocket Games, Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Pocket Games, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Pocket Games' future results. The forward-looking statements included in this press release are made only as of the date hereof. Pocket Games cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Pocket Games undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Pocket Games.