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SPYR's 'Pocket Starships' Reports Positive Revenue Growth From Minor Update
[May 17, 2016]

SPYR's 'Pocket Starships' Reports Positive Revenue Growth From Minor Update


DENVER, May 17, 2016 /PRNewswire/ -- SPYR, INC. (OTCQB: SPYR), a holding company with wholly owned subsidiaries in the mobile game & app development and publishing industry, and in the restaurant industry, today announced that Pocket Starships (www.pocketstarships.com), the company's most recently published game, is generating very positive statistics since the release of a minor game update on May 2.

SPYR's wholly owned subsidiary, SPYR APPS, LLC, released a minor update (or "patch") for Pocket Starships on May 2, 2016, the primary goal of which was to provide some long-awaited "bug fixes."  The patch also provided players with some very minor content updates, which included making a few new items available for in-app purchase.  

Pocket Starships has seen more than a 23% increase in the average revenue from each paying user and a 7.8% increase in the average spend on each in-app purchase over the last 30 days, with the majority of those increases occurring after the release of the patch. 

In addition, following the recent update, Pocket Starships has garnered overwhelmingly positive reviews, with daily review averages in the Google Play Store increasing from approximately 4.1 stars out of 5 to between 4.5 and 4.7 stars out of five depending on the day.  This is with an average of approximately 130 reviews per day by Android users alone. 

Paul Thind, SPYR's Managing Director of Games and Apps stated: "We are very encouraged by the metrics generated by the most recent update.  The update, while only a very minor one, was exciting because it allowed us to see the impact that it had on the average player revenue and on the game's reception with players.  It is showing that us we are moving in the ight direction with the game.  It is a very good sign of things to come when our planned large content update/expansion will be launched later this year."



About SPYR

SPYR, INC. is a holding company that through its wholly owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game publishing and development.  SPYR, INC. also owns and operates an "American Diner" theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called "Eat at Joe's®" through its other wholly-owned subsidiary, E.A.J.: PHL Airport Inc.  The Company is currently exploring opportunities for additional acquisitions in these and other verticals, including mobile application and game development, in order to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.


Safe Harbor Statement:

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov.

Investor Relations Contact:
Marlin Molinaro
Marmel Communications, LLC
(828) 669-0616
[email protected]

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/spyrs-pocket-starships-reports-positive-revenue-growth-from-minor-update-300269475.html

SOURCE SPYR, INC.


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