AppSwarm (SWRM) Completes Acquisition of MediaPlay, Anticipates Rapid Revenue Development
Poised for rapid revenue development following acquisition of MediaPlay Agreements in place with leading application stores to fast-track applications Company had $589,000 in revenues in 2016 and was able to eliminate more than $500,000 in corporate debt Technology development and incubation acceleration company AppSwarm, Inc. (OTC: SWRM) has announced its acquisition of MediaPlay, a multiplatform games publisher and developer (http://dtn.fm/QM3ia). The company has further announced the creation of two AppSwarm divisions. Assets purchased as part of the acquisition include: Games in-house Rights to games currently in negotiations Pending letters of intent Pending distribution agreements Work-for-hire contracts MediaPlay has a special…