FORT WORTH, Texas, July 13, 2015 (GLOBE NEWSWIRE) -- APPYEA, Inc. (OTCQB:APYP) – AppYea wishes to provide shareholders with an update regarding their Mobile Application Mergers & Acquisition Strategic Alliance Growth Plan aimed at broadening its base of mobile applications. Utilizing its team of experienced business brokers specializing in the mobile application space, AppYea has submitted offers for the acquisition of two mobile application portfolios to add to their growing holdings. Additional information will be released when finalized.
Acquiring profitable mobile application companies or just their assets allows AppYea to greatly reduce risk of market acceptance and capital expenditures thereby enhancing profitability. This also allows them to focus on marketing and branding efforts to build brand loyalty and to augment sales while also cutting the time to market by 75-85%. The Company plans to build a diverse portfolio of applications that caters to the demands of many market segments. AppYea's role of managing the application development work of its subsidiaries is based upon the identification of high potential mobile application categories.
Jackie Williams AppYea's CEO/President stated, "We're going to continue our pursuit of growth by sticking with our plan. The industry outlook for just the mobile gaming market is currently the hottest and fastest growth sector within the industry and is expected to surpass $41 billion by the end of 2015. We feel that we can accomplish our goals by executing our business plan and finding projects that have a strong opportunity for growth in earnings and a good valuation."
About the Industry:
Research and consulting firm Strategy Analytics last week released its 2015 second-quarter category tracking report, showing that mobile gaming apps continue to exhibit strength globally. The research firm said that the revenue driver "continues to rest with the gaming companies that have used the freemium model to dominate the top grossing charts across the globe." Chief researcher Joshua Martin said that despite the enormous growth of the apps market—which we forecast to exceed 100 billion downloads in 2015—there are fewer and fewer companies and fewer and fewer categories sharing in that revenue. Companies should view apps as an indirect revenue driver and develop strategies in support of that objective. While some companies face challenges ahead, one thing is for certain—it's good to be a gaming company right now.
On June 4, 2015, AppYea announced they surpassed one million downloads of their Disney World/Universal Studio wait time applications and they also began upgrades to include video integration via Facebook, YouTube, Vimeo, and Vine. Upgrades will also allow for photo sharing via Instagram, Facebook and Twitter.
About AppYea, Inc
AppYea, Inc., founded in 2012, is a mobile application developer for iOS, Google Play, and Amazon platforms. The Company operates its own titles as well as provides strategic partnerships with promising mobile app developers. AppYea focuses on a number of different categories including next-generation social networks and gaming. The company is headquartered in Ft Worth, Texas. The Company's common stock trades on the OTCQB, under the ticker symbol "APYP."
Find out more by visiting: http://appyea.com/about/ AppYea offers 7 different Disney World/Universal Studio theme park wait time apps in 5 different languages on both the Apple App Store and Google Play.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.