AppSwarm Inc (SWRM)

[SteveKing]

Monday, 06/20/16: Today’s OTC Focus Is AppSwarm Inc (OTCMKTS:SWRM)
By Alex Carlson / in Momentum Stocks, Stocks, Tech / on Monday, 20 Jun 2016 05:39 AM

AppSwarm Inc (OTCMKTS:SWRM) has quickly emerged as a volume leader and price mover on the OTC Markets. This comes as AppSwarm aims to be a major player in the fast growing app business.

AppSwarm describes itself as “an application incubation firm dedicated to acquiring applications for all forms of devices. We have resources most small firms or young entrepreneurs and application developers usually do not have to market applications the most effective way possible. We have agreements in place with major application stores so we can fast track projects. We offer complete, end-to-end services for mobile application development across all major platforms including Apple iPhone, RIM’s BlackBerry, Google’s Android, as well as Microsoft’s Windows Mobile. With our extensive experience in the mobile space, we can not only give applications a technical hand, but can be a strategic partner in leveraging this dynamic mobile world towards increased business efficiency and effectiveness.”

While volume has come in over the last month, AppSwarm has been quiet on the news front. So far this year, there have been only two press releases from the company. In February, AppSwarm announced that it had acquired the highly popular iOS application Turtles, Huh? – Learn to Fly, from prolific Hong Kong gaming developer Lee Sze Ming. SWRM CEO Ron Brewer said:

“We were presented with the opportunity to acquire this exciting game and after thorough diligence, we decided it was a win-win for our company and our shareholders. Knowing that Turtles, Huh? was at one time ranked in the top 10 iOS Family Games Apps in 44 countries (According to App Annie) made it all the more attractive to our company. Further, this allows us to follow our business model of acquiring novel technologies, completely upgrading them, and re-releasing them using our proprietary ‘Swarm’ marketing platform.”

Turtles, Huh? The game has one (1) main game and nine (9) mini games. The game has two (2) characters; Turtle and Penguin. The game has 88 missions and 40 achievements. The company said:

“ Mini games: The games are designed for the mini-game lovers. You will find interesting challenges in each of the games. Can you get grade “A”s in all the mini-games? Main game: 88 missions are waiting for you to complete! Upgrade your equipment, fly as far as possible, destroy all the obstacles and get all (seven) 7 Turtle Balls. Huh? What are the Turtle Balls? According to legend when someone gets all the (seven) 7 balls, he will gain the power to conquer the world! Turtles, Huh? was developed by the same developer of Turtle Fly. If you like Turtle Fly and/or you are a mini game lover, Turtles, Huh? is the game for you!

Earlier this month, AppSwarm hired John Rabbitt as the new CFO. His background includes working within fortune 500 firms including The Pillsbury Company and PepsiCo, in addition to the CPA firm of Ernst and Ernst. This experience is enhanced by a twenty year career with one of America’s most successful Entrepreneurs (Forbes 102nd wealthiest U.S.A. person in 2008) where John was directly involved with numerous acquisitions and served in executive capacities for several multinational subsidiaries. John played a key role in assisting the growth of MEI Corporation from $20 million in annual revenue to $850 million in annual revenue in nine years, at which time it was acquired by PepsiCo.

Currently trading with a market cap of $152 million, SWRM needs to put out some more news and deliver to justify such a lofty market cap. In looking at its current financials, SWRM posted just $11k in revenues, zero in net income, $1000 in cash, $25k in total assets, and $1.2 million in total liabilities. We will be updating Insider Financial as soon as we know more.

Source:
http://www.insiderfinancial.com/todays-otc-focus-is-appswarm-inc-otcmktsswrm/115802/