SOURCE: SPYR, Inc.

SPYR, Inc.

September 11, 2015 09:00 ET

SPYR Lands Brand Building Heavyweight to Gain Competitive Advantage in Multi-Billion Dollar Mobile Games and Apps Industry

NEW YORK, NY--(Marketwired - September 11, 2015) - SPYR, Inc. (OTCQB: SPYR) appears ready to build its mobile game and app development business into a real player in the industry, and they’ve turned to just the right person to make that happen. SPYR has hired Paul Thind, a key opinion leader in the entertainment, internet, mobile games, virtual world and digital media space, as its Managing Director of Games and Applications. Paul Thind has been called a “brand builder” in the industry, and with this hire, SPYR has just greatly enhanced its mobile game and app development business.

SPYR announced that Thind, who has 17 years of experience in the industry, will manage the development, marketing, monetization and acquisition of mobile games and applications for the company. The timing of this announcement is ideal given the growth that the industry is enjoying. According to a February 2015 article from eMarketer.com, the mobile apps industry is expected to grow 16.5 percent with mobile games accounting for over 30 percent of the U.S. mobile content market this year.

If one needed further evidence that the timing of the Paul Thind hire is impeccable, look no further than a recent Entrepreneur.com article that highlighted the apps industry specifically and found that by 2017, it's expected that over 268 billion app downloads will generate $77 billion worth of revenue. The article also points out that in 2015 alone, 1 billion smartphones will be purchased. With the growth of the smartphone market comes the increased popularity of downloading apps.

SPYR is proving that it intends to compete in this fast-growing industry, and Paul Thind gives the company the ability to do so. He is a recognized digital authority in online games, mobile games and virtual worlds.

Thind is the former U. S. CEO and General Manager for Habbo North America, a global teen virtual world community with offices and communities in 32 countries. Thind was responsible for launching the service and later the daily operations of Habbo's U. S. and Canadian websites as well as identified, negotiated and secured payment partnerships. While at Habbo, Thind grew the North American user base from 5 million users to 25 million users.

Thind is the former General Manager for Disney’s Virtual Magic Kingdom, and he is the former COO of Outspark, an entertainment services company that published engaging online multiplayer games. During his tenure at Outspark, Thind doubled Outspark's run rate in less than 6 months and added many best practices around company Key Performance Indicators, the Registration Funnel, and operational processes. Additionally, Thind served as the Head of Business Development, North America, for InMobi as well as Spil Games.

Thind has been a keynote speaker at various conferences in the online/virtual goods space such as VGSummit, GDC, Gamer's Law, and he has been interviewed in several publications due to his knowledge of the online gaming industry. So it’s pretty obvious that SPYR did its homework when it chose someone with a track record of senior posts at several successful organizations and someone who is a brand builder and thought leader in his industry. This hire should serve as a message to the mobile games and apps industry that SPYR is ready to compete for its piece of the multi-billion dollar pie.

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. 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