AppSwarm Inc (SWRM)

[NetworkNewsWire]

SWRM Acquires Multiplatform Games Developer MediaPlay

Technology development and incubation acceleration company AppSwarm, Inc. (OTC: SWRM) this morning announced its acquisition of MediaPlay, a multiplatform game developer and publisher with a special focus on the creation of free-to-play mobile games. MediaPlay features a core team that’s made up of industry veterans who have worked in executive positions with some of the largest gaming companies in the world. “We are excited to work together with MediaPlay,” Ronald Brewer, CEO of AppSwarm, stated in the news release. “With a keen focus on nurtured relationships, international contacts, and proven ability to execute major corporate development and publishing agreements, we expect rapid revenue development over the next twenty-four months.” Assets purchased as part of the MediaPlay acquisition include games in-house, rights to games currently in negotiations, pending letters of intent, pending distribution agreements and work-for-hire contracts.

To view the full press release, visit http://nnw.fm/Pov3n

About AppSwarm

We develop and publish mobile gaming apps, with a focus on accelerating the development of free to play mobile games and fast-track them to market. We partner with game developers through joint ventures, royalty agreements, marketing partnerships, and outright purchases through our publicly-traded company on the OTC Markets, ticker SWRM. For more information, visit us at www.app-swarm.com