Tapinator Inc (TAPM)

[misanthrope]

Tapinator, Inc. (OTC: TAPM), a leading company within the mobile gaming industry, is providing an update to its previously issued financial guidance for 2016. Tapinator continues to expect revenue results in the range of $4.0 million - $4.5 million for 2016, representing an annualized organic revenue growth rate range of 63%-84%. The Company now expects operating income for the year to be between breakeven and $300,000, up from previously issued breakeven guidance, and is now targeting an Adjusted EBITDA (a non-GAAP measure) percentage range of 23%-27% for 2016, changed from previously issued guidance of 24%. The Company now expects to report net losses in 2016 of $2.0 million - $2.3 million, up from previously issued net loss guidance of $1.6 million, primarily as a result of financing charges related to the recent successful refinancing of the Company's $2.4 million convertible debenture, including approximately $2.1 million in expected non-cash charges.

Tapinator is also pleased to provide the following timing updates for some of its most significant upcoming Full-Featured global game launches:

Big Sport Fishing 2017 - November 10, 2016

The freemium sequel to Big Sport Fishing, a game with 15 million player downloads. The US fishing market is larger than the hunting market: $41.7 billion vs. $31.8 billion. Given the quality of our game, this statistic and the success of hunting games on mobile, we believe this to be a significant opportunity for the Company.

Solitaire (game named to be disclosed closer to launch) - December 1, 2016

Solitaire is the most popular category of card games on mobile and, recently, several themed solitaire games have proven out the category's top grossing potential. Our new solitaire title will combine the classic game with a theme that we believe will resonate widely, across age groups and geographic regions.

ROCKY - December 8, 2016

The ROCKY film series has grossed over $1 billion at the worldwide box office. This freemium game features collectible fighters (including the original motion picture characters), multiplayer fights, exciting training sessions, and best-in-class engagement/monetization mechanics.