Business
AppSwarm Inc. Discusses Expanded Business Model
AppSwarm Inc. Discusses Expanded Business Model.
About this update from Appswarm, Inc.
[{"type":"text","content":"\n \n \n AppSwarm Inc. Discusses Expanded Business Model\n \n \nAppSwarm Inc. Discusses Expanded Business Model\n \n TULSA, OK--(Marketwired - Feb 28, 2017) -  AppSwarm, Inc. (OTC PINK: SWRM), a company that focuses on the acquisition and development of application-based technologies, has announced the expansion of its current business model. With existing software platforms and staff, AppSwarm will move forward in the e-commerce, and health & education technologies.\n AppSwarm sees continued growth of its current in-house software development platforms and the application incubation/acceleration program. Developing virtual reality products and platforms will be an immediate focus in the development sector. The company is pursuing technology company mergers and acquisitions that fit within our corporate ethos.\n With US e-commerce sales at a current level of only 8.40% of retail sales, up from 8.10% last quarter, AppSwarm management sees an opportunity to apply its current business model to this burgeoning sector.\n Ronald Brewer, CEO of AppSwarm, Inc. stated, \"We've been operating on a system developed for smartphone-based technology such as mobile games and applications. This acquaints us with the behavior of smartphone users and allows us to pursue this avenue of growth. Our business model has been successful in the application world, but it is also scalable to other industries. With minor operating adjustments, we can almost seamlessly move forward in the e-commerce sector as well as many other technologies.\"\n Reports indicate that in coming years, online sales will increase exponentially as users become more familiar and comfortable shopping from their smartphones. American online sales are slated to reach $523 billion by 2022, up 56% from $335 billion in 2015.\n Mobile devices are expected to be a key driver in this growth. With smartphone models becoming larger, and wireless networks becoming faster, Forrester Research Inc. projects that online sales will grow by an average annual rate of 9.32%, amounting to an additional 26 million online retail shoppers by 2020. This equates to over 270 million online shoppers.\n AppSwarm is pursuing acquisitions that would utilize their current growth system to capitalize on this fast growing market.\n The virtual and augmented reality industry is just starting to fully lau...