GLENDALE, Calif., Feb. 10, 2014 (GLOBE NEWSWIRE) -- Glendale, CA. mobile gaming company Hidden Variable Studios, which commenced operations in 2011, seeks $3-$5M of second stage capital. The Company develops, markets, and operates high-quality, interconnected games on a variety of mobile, social, and digital download platforms throughout the world.
With a strategic emphasis on the games as a service market, the Company is well positioned for growth in the desirable mobile gaming sector. The Company has focused on multiplayer software development by enhancing features required for this market, including persistent player accounts, metrics tracking, user customization, leaderboards, dynamic match pairings, and chat messaging. This focus, coupled with the expansion into social media and children's tablet markets, is expected to accelerate the monetization of the Company's games.
The Company anticipates revenue growth will accelerate and revenues are projected to exceed $3M per year, with a projected EBITDA margin in excess of 50%, within the next few years.
The Company is seeking strategic investors and partners to rapidly expand operations through organic, cross platform game development and acquisitions of like companies. The Company has a proven track record with successful launches of two mobile games. These two games have exceeded 9 million downloads, and include strong customer engagement, retention, and conversion. Additionally, the Company has received numerous accolades with consistently strong reviews from consumers and press. The Company's existing product portfolio and development pipeline offer an intriguing investment opportunity in the mobile gaming sector.
Please contact Jon Ryan at 561-997-7775.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
CONTACT: Jon Ryan 561-997-7775Source:Hidden Variable Studios