SPYR Inc (OTCMKTS:SPYR) is ready to mark its presence in mobile game and app development industry. The company has been engaging industry leaders to become a real player in digital industry. It announced the appointment of Paul Thind to head its Games and Applications vertical. Thind has been known as a “brand builder” in the related industry.
In July, the company stepped up its plans to expand its market share in the digital advertising and publishing vertical with appointment of Adam Tuttle as MD of Media. Mr. Tuttle has experience of more than 20 years in digital media and advertising industry.
Presently, SPYR owns a robust portfolio of nine advertising driven sites that are functioning well in terms of getting traffic to websites. The appointment of Tuttle makes sense as it will help to enhance advertising revenue from the respective websites in coming period.
CrowdGather Inc (OTCMKTS:CRWG) Revenue Gets A Boost From Mega Fame Casino Performance
CrowdGather Inc (OTCMKTS:CRWG) revenue in 1Q2016 surged 74% to $709,151 over the revenue in 1Q2015. The gross profit came at $551,858 compared to $299,121 in the same quarter, a year earlier.
Expressing his views on the quarterly performance, the CEO Sanjay Sabnani said that in terms of operating basis, the strong revenues from Mega Fame Casino supported quarterly performance considerably. However, due to lack of low cost capital they can face some problem in growing rapidly
Through the contribution of stakeholders and CEO’s, CrowdGather has invested $1.2 million into making the balance sheet debt free. The CEO added that the business has indicated that it has the capability of growing rapidly when resources are procured. They remain committed to provide increased returns to company’s shareholders as the company utilizes expertise in social gaming and social media to extend market share in industry.
The other company in the same sector LookSmart, Ltd. (NASDAQ:LOOK) recorded a weak session on Monday as it dropped 7.58% to close at $0.610.
