Business
SPYR Forms New Company To Expand Mobile Games Business
SPYR Forms New Company To Expand Mobile Games Business.
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[{"type":"text","content":"\n\n\n\nSPYR Forms New Company To Expand Mobile Games Business\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\n\n\n\n\n\nSPYR Forms New Company To Expand Mobile Games Business\nPR Newswire\nDENVER, Feb. 18, 2016\n\n\n\n\n\n\n\n\nDENVER, Feb. 18, 2016 /PRNewswire/ -- SPYR, INC. (OTCQB: SPYR), a holding company with wholly owned subsidiaries in the mobile game and app development and publishing industry and the food service industry, today announced that it has formed a new wholly owned subsidiary in Finland, SPYR APPS Oy.\n\nJames R. Thompson, SPYR's CEO and President, said of the formation of SPYR APPS Oy, \"We formed SPYR APPS Oy for the purpose of continuing to expand our digital media presence into the multi-billion dollar mobile game and app industry. Some of the best talent today is coming out of Finland, including developers like the founders of SuperPlus Games, who used their years of experience at the mobile games giant Rovio to form their own mobile game company.\"\n\nFinland is a hotbed of activity in the mobile games world, with its capital, Helsinki, being home to many of the mobile games industry's top companies such as Supercell, the developer of Clash of Clans, Rovio Entertainment, the developer of Angry Birds, Next Games, the developer of The Walking Dead: No Man's Land, based on AMC's record-breaking TV show, and many others, including Seriously, Fingersoft and PlayRaven.  \n\nAccording to Chartboost, Finland is also the home to hundreds of smaller development studios, contributing to a games industry that generated nearly $2 Billion in revenues in 2014 and that continues to grow (https://www.chartboost.com/blog/2015/08/mobile-game-dev-in-finland/). Also, according to a report by NeoGames from 2014, Finland has established approximately 260 game development studios since 2010 (http://www.goodnewsfinland.com/over-200-finnish-gaming-companies-established-since-2010/).\n\nSPYR's wholly owned subsidiary, SPYR APPS, LLC is already working with SuperPlus Games, a small Finnish developer, to co-publish its game Retro Shot. SPYR's management quickly sa...