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PopReach Signs Binding Agreement to Acquire Award Winning "Peak - Brain Training" App
PopReach Signs Binding Agreement to Acquire Award Winning "Peak - Brain Training" App ...
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[{"type":"text","content":"\n \n \n \n PopReach Signs Binding Agreement to Acquire Award Winning \"Peak - Brain Training\" App\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Self-improvement app with more than 60 million lifetime downloads provides immediate positive cash flow accretion\n \n \n \n \n TORONTO\n \n ,\n \n March 1, 2021\n \n /CNW/ - PopReach Corporation (\"\n \n PopReach\n \n \" or the \"\n \n Company\n \n \") (TSXV: POPR) (OTCQX: POPRF), a free-to-play game publisher focused on acquiring and optimizing proven game franchises, today announced that it has entered into a binding asset purchase agreement with Brainbow Limited to acquire substantially all of the assets relating to the \"Peak - Brain Training\" app (\"\n \n Peak\n \n \") for aggregate cash consideration of\n \n US$5 million\n \n . Since its launch in 2014, Peak has been downloaded more than 60 million times through the Apple App Store and Google Play.\n \n \n \n \n \n \n \n \n \n \"Peak is a great addition to our portfolio that meets all of our key acquisition criteria – a well-established franchise with a multi-year track record, a large and loyal community of active users, award winning gameplay, and positive cash flow generation,\" said\n \n Jon Walsh\n \n , CEO of PopReach. \"It also brings us into the evergreen category of self-improvement apps, with a proven brand that we expect to grow; we are excited to complete this transaction, and continue to focus on our acquisition strategy given the impressive deal pipeline we've established.\"\n \n \n Peak is an entertainment based cognitive training app that offers over 45 games to provide users with daily brain workouts that may sharpen memory, attention, problem-solving mental agility, language, coordination and emotion control. It is offered as a free-to-play app with an advertising and subscription-based revenue model, offering monthly and yearly paid plans. Peak was named one of the \"Best Apps of 2014\" by the Apple App Store, and \"Best Self-Improvement App\" in 2015 and 2016 ...