AppSwarm Corp Announces Revenue for the Fiscal Year of 2016
TULSA, OK–(Marketwired – Mar 14, 2017) – AppSwarm Corp (SWRM), a company that focuses on the acquisition and development of application-based technologies, announced today its Revenue for the fiscal year of December 31, 2016 and Revenue forecast for the fiscal year 2017.
Company Management of AppSwarm, Inc. stated, “We worked hard last year to accomplish the goal of eliminating a majority of our debt as well as to generate revenues, and we accomplished both. AppSwarm had $589,000.00 in revenues and as discussed in previous press, we were also able to reduce well over $500,000 in corporate debt from our books. This has allowed us to enter 2017 with the momentum to complete a synergistic merger or acquisition in E-commerce, health & education technologies, or other related areas. As well, we are focused on the continued growth of current in-house software development platforms and the application incubation/acceleration program. Additionally, this gives us the liberty of developing in-house virtual reality products and platforms. We are very excited to be announcing many impressive deals in the upcoming weeks and months.”
The AppSwarm Officers and Directors further stated they expect revenue and net operating profit growth in 2017. The revenue growth is dependent upon the quantity of software apps that will be in production this year and the successful completion of one of the acquisition discussions now in place.
AppSwarm, Corp. 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.
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.
In keeping with the announced expansion of its current business model, AppSwarm announced last week the purchase of a PDF document scanner application from Technosys. The pdf document scanner app can scan documents, photos, receipts, reports, or just about anything. This app is lightning fast and gorgeously designed for both phone and tablet. It’s an incredibly powerful mobile scanner with easy camera document scanning.
AppSwarm believes this app will be another great addition to their portfolio that can become an instant revenue generator.
AppSwarm has announced the expansion of its current business model with existing software platforms and staff. AppSwarm will continue to 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 their 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.
Management has also announced the reduction of corporate debt by $571,678.74 which 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.
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.
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UPDATES TO FOLLOW….
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