SOURCE: SPYR, Inc.

SPYR, Inc.

May 03, 2017 08:30 ET

SPYR Free to Focus on Mobile Gaming Industry and Its Explosive Growth

NEW YORK, NY--(Marketwired - May 03, 2017) - SPYR, Inc. (OTCQB: SPYR) is set to focus all of its attention and capital on mobile game and app development and mobile game publishing with the restaurant division being spun-off into a separate publicly traded company. With mobile game revenue up 53% worldwide in Q1 2017, it's an industry that continues to show explosive growth.

In Q1 2016, mobile game revenue was $7.8 billion -- so the $11.9 billion in revenue that the industry raked in during Q1 2017 suggests the industry is getting even healthier. And, with sustained growth in mobile game revenue, increasing mobile game installs, and an eSports industry that is steadily growing in both popularity and revenue, these are all positive signs that SPYR executives are making the right decision to allow the company to operate with complete autonomy in the mobile gaming space.

The obvious future for SPYR is mobile gaming, and the obvious path to the greatest revenue opportunities is with the company's ability to publish quality mobile games. According to analysts at Sensor Tower, revenue generated from the Apple app store grew 35% to $6.6 billion in Q1 2017. This figure is up from $4.9 billion in Q1 2016. Meanwhile, Google Play revenue grew 83% in Q1 to $5.3 billion, which is up from $2.9 billion a year earlier according to Sensor Tower, a mobile app data measurement firm.

There aren't any signs that gamers are slowing down on the games they download either, and as more and more players continue to look for the latest games from both the Apple and Google Play app stores, mobile game installs are also up in Q1 2017. Sensor Tower's report states that there were 8.8 billion installs in Q1 2017 -- up 15% from 7.6 billion in Q1 2016.

According to a Market Forecast for 2016-2021 released by App Annie, gross consumer spending on games alone via all mobile app stores is expected to exceed $105 billion by 2021. And App Annie expects worldwide mobile app store downloads to exceed 352 billion downloads in 2021, and total mobile app store revenue to surpass $139 billion in 2021.

SPYR has been adamant about carving out a space in the eSports market for its flagship free-to-play MMO game Pocket Starships (www.pocketstarships.com) and any future games that the company publishes using the same real time, cross platform engine that Pocket Starships is built upon. It is this platform that should make Pocket Starships and any other games SPYR publishes with the same technology ideally suited for the "arena-style battles" that draw tens of thousands of fans to watch teams compete head-to-head for large cash prizes in sports arenas on television and online all over the world. SPYR will now be freed up to focus on becoming a player in the eSports market, a market that Newzoo forecasts will grow to $1.5 billion by 2020.

About Stock Market Media Group

Stock Market Media Group is a Content Development IR firm offering a platform for corporate stories to unfold in the media with research reports, corporate videos, CEO interviews and feature news articles.

Stock Market Media Group is an exclusive publisher for news, updates, alerts and information on SPYR, Inc. ["SPYR"]. Our publications about SPYR are based solely upon SPYR's authorized press releases, and SPYR's legal disclosures made in SPYR's filings with the U.S. Securities and Exchange Commission. Before we publish any SPYR related content, our articles undergo compliance reviews and factual verifications, including written confirmation of the facts we publish from SPYR, and separately from SPYR's Legal Counsel for Securities and Regulatory compliance, Mailander Law Office, Inc.

Separate from the confirmed factual content of our articles about SPYR, we may from time to time include our own opinions about SPYR, its business, markets and opportunities. Any opinions we may offer about SPYR are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or construed or interpreted as research. Any investment decisions you may make concerning SPYR or any other securities are solely your responsibility based on your own due diligence. Our publications about SPYR are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the web site of the U.S. Securities and Exchange Commission at: www.sec.gov, where you can also find all of SPYR's filings and disclosures. We also recommend, as a general rule, that before investing in any securities you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks.

We are not a registered broker, dealer, analyst, or adviser. We hold no investment licenses and may not sell, offer to sell or offer to buy any security. Our publications about SPYR are not a recommendation to buy or sell a security.

SEC RULE 17b

COMPENSATION DISCLOSURE

Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment. In order to be in full compliance with the Securities Act of 1933, Section 17(b), we are disclosing that we entered into a contract with SPYR for one year on February 1, 2015, and from the date that the one-year contract ended, SMMG has operated on a month-to-month basis with SPYR. We agreed to publish articles, news, updates, alerts and information about SPYR, subject to SPYR's written confirmation of factual content, and the separate confirmation of factual content by SPYR's Legal Counsel for Securities and Regulatory Compliance. In exchange for our services, SPYR agreed to compensate us with a monthly fee of $5,000.00. Additionally, SPYR agreed to issue to us 250,000 shares of SPYR's Restricted Common Stock. Our rights to sell any of this Restricted Common Stock are subject to prior compliance with all U.S. Securities Laws, including but not limited to Rule 144. Further, our sale of any of the Restricted Common Stock is subject to a volume restriction providing that we may only sell 5,000 shares daily for every 250,000 shares of daily trading volume.

For more information: www.stockmarketmediagroup.com.

Contact Information