Tapinator Inc (TAPM)

[misanthrope]

Tapinator, Inc. (OTC:TAPM), ("Tapinator" or the "Company") a designer, developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms, today announced that it recently entered into a Securities Exchange and Amendment Agreement with Hillair Capital Investments L.P. ("Hillair Capital") to amend and refinance the terms of the $2,240,000 8% Original Issue Discount Senior Secured Convertible Debenture originally issued to Hillair Capital on June 19, 2015. For details relating to the terms and conditions of the refinancing, please refer to Tapinator's Supplemental Information Report with OTC Markets dated August 2nd, 2016 that is available at http://www.otcmarkets.com/stock/TAPM/filings.

Commenting on the transaction, Andrew Merkatz, President of Tapinator, stated, "We are delighted to extend our relationship with Hillair Capital. They've proven to be an invaluable and trusted partner, and we believe this refinancing reflects a reaffirmation of our exciting and unique business model, the significant growth prospects of the mobile gaming industry, and the strong revenue progression and operating results we have delivered over the past eleven quarters. We believe this transaction also provides Tapinator with rapid access to further capital to take advantage of strategic and accretive M&A and publishing related opportunities that we may identify in the coming years."