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.
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.
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.
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.”
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.
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.
AppSwarm is pursuing acquisitions that would utilize their current growth system to capitalize on this fast growing market.
The virtual and augmented reality industry is just starting to fully launch. According to research from the International Data Corporation (IDC), worldwide revenues for the augmented reality and virtual reality (AR/VR) market is forecast to grow from $5.2 billion in 2016 to more than $162 billion in 2020.
More than half of the revenue will come from VR/AR hardware sales.
As VR hardware continues to compress in price and powerful smartphone based systems like Samsung’s Gear VR and Google’s mobile VR Daydream platform gain steam, it’s expected that 50% of worldwide revenues will be generated by VR/AR hardware sales according to the report.
AR/VR software revenues will also get off to a quick start, growing more than 200% year over year in 2016, but will quickly be overtaken by services revenue in the middle years of the forecast, as logistics and manufacturing demand even more enterprise-class support.
The forecast also reports that revenues for VR systems, including viewers, software, consulting services and systems integration services, are forecast to be greater than AR-related revenues in 2016 and 2017, largely due to consumer uptake of games and paid content. After 2017, AR revenues will surge ahead, hitting critical mass in healthcare delivery and product design and management-related use cases. Source ~ VRScout, Inc.
About AppSwarm
AppSwarm, Inc. is a technology development and incubation company focused in accelerating the development of mobile applications and technology, fast-tracking product to market. AppSwarm partners with application developers through joint ventures, royalty agreements, marketing partnerships, and outright purchase agreements.
For more information, visit us at www.app-swarm.com, or follow us on Facebook https://www.facebook.com/AppSwarm or Twitter https://twitter.com/appswarm
DISCLOSURES: “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company’s filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
Investor and Media Contacts:
AppSwarm, Inc.
888-886-8583
info@app-swarm.com
www.app-swarm.com
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Recent positive news that AppSwarm management has reduced corporate debt by $571,678.74 has greatly enhanced AppSwarm’s balance sheet and can create greater funding opportunity to progress their business opportunities that are ready to launch.
In addition to its current model of specialization in mobile-based gaming, this new financial position will allow AppSwarm to pursue larger merger and acquisition targets in the technology sector and to broaden their revenue bases to symmetrical areas that generate revenue without increasing company overhead.
We are urging all of our subscribers to pull up SWRM on their trading screen right now, and to continue to keep a close eye on it.
AppSwarm accelerates the development of mobile games and fast-tracks them to market. The company partners with game developers through joint ventures, royalty agreements, marketing partnerships, and outright purchase through their publicly-traded company on the OTC markets, ticker SWRM.
For more information, visit www.app-swarm.com, or follow on Facebook https://www.facebook.com/AppSwarm or Twitter https://twitter.com/appswarm.
SWRM is not just an incubator. They get involved with developers who have a phenomenal product close to launch.
Since user experience and the target audience are critical to success, they qualify candidate mobile apps by thoroughly testing engagement, retention, virility and monetization.
They then accelerate the development through funding, technology and marketing expertise, as well as a unique eco system that accelerates user acquisition.
AppSwarm accelerates the development through funding, technology and marketing expertise, as well as an eco-system that accelerates user acquisition. The Company offers AppSwarm, which is an application incubation firm focused on acquiring applications for all forms of devices.
AppSwarm offers complete, end-to-end services for mobile application development across all platforms, including Apple iPhone, RIM’s BlackBerry, Google’s Android and Microsoft’s Windows Mobile.
Large global mobile game companies have created almost impossible barriers to entry for small developers with limited access to funding and critical business expertise. SWRM works to solve that problem.
Many developers and creative thinkers have great ideas but don’t understand the business of launching an app or marketing their product. They often launch without a user acquisition strategy and in many cases without a revenue model. The fortunate developers that manage to get funded all too often attempt to fix customer acquisition and monetization problems post launch but end up accelerating the burn rate, entering into a constant ‘hands out’ funding spiral, and eventually failing.
AppSwarm has agreements in place with all of the application stores and is able to assist with application development. It has developed a screening process called The Swarm. This selective screening process encompasses various stratum’s and allows the Company to review each application idea it receives.
SWRM works to accelerate the development of mobile apps, baking in both a user acquisition and monetization strategy as part of the business before launching. The combination of understanding the games you’re operating, the audiences playing them, and the process to connect the two, all at the highest level in the industry, leads to success.
RECENT NEWS AND DEVELOPMENTS:
Wed Feb 1st, 2017
- Accesswire
AppSwarm Corp. Retires Majority of Corporate Debt
Fri Oct 14th, 2016
- AccesswireAppSwarm, Inc. Acquires Wyoming Gaming Development Corp
Thu Jul 7th, 2016
- AccesswireAppSwarm, Inc. Announces the Worldwide Exclusive Distribution and Publication Rights to the Mobile Game “Dead Uncleansed” On the iOS and Android Formats
Thu Jun 23rd, 2016
- AccesswireAppSwarm, Inc. Announces the Acquisition of a Suite of 19 Games
Thu Jun 2nd, 2016
- AccesswireAppSwarm, Inc. Welcomes John Rabbitt as Its New Chief Financial Officer
Thu Feb 25th, 2016
- AccesswireAppSwarm, Inc. Announces the Acquisition of Highly Popular iOS Gaming Application
Start your research on SWRM now.
UPDATES TO FOLLOW….
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