PKGM On Target for 2015 Growth Strategy
New York, N.Y. – (Marketwire) – Dec 9, 2014 – Pocket Games, Inc. (OTC: PKGM), a Games Development Company, today announced that it has signed a Letter of Intent to acquire an established games development and testing company.
The target Company has a solid team and a healthy client base and is established already within the billion-dollar Video Games Testing Market. Pocket Games sees the acquisition as an accretive acquisition that will benefit the company in multiple ways. Pocket Games has used this Company several times on its development projects over the past twelve months and see great potential in both the development arm of the acquisition and the software-testing stream too.
CEO of Pocket Games, Inc., David Lovatt, commenting on the opportunity, stated, “As well as bringing additional depth of experience to the Pocket Games Management Team, the synergies internally will be strong and the opportunity for increased revenues through business development for Games Testing contracts in the U.S. and Europe are significant.” He continued, “After seeing the strength and competitive pricing of the Games Testing Company during the testing of our own projects over the past twelve months, we began to negotiate the acquisition of the Company. Moreover, their extensive development experience will bring costs down on future development of the Idol Hands Franchise as well as opening up opportunities in the Mobile Space for Pocket Games.”
Pocket Games has signed a Publishing Deal with a major industry player for Idol Hands, which is due to be released in January 2015, and will announce more details on this in the New Year. A trailer for Idol Hands can be found at the Company’s website and Facebook™ page as well as artwork available for download – www.pocketgamesinc.com or www.facebook.com/idolhandsgame
A short video of Pocket Games’ latest title, Idol Hands, can be found at the Company’s website as well as artwork available for download – www.pocketgamesinc.com
About Pocket Games, Inc.
Pocket Games, Inc. is a video games development and publishing Company. It is fully reporting and is listed on the OTC Market under the symbol (OTC:PKGM). Formed in 2013, the Company has developed games for third parties and has acquired video game IP since its inception and plans to go to market either via third party publishers or via self-publication.
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This press release may contain forward-looking statements, including information about management’s view of Pocket Games, Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of Pocket Games, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on Pocket Games’ future results. The forward-looking statements included in this press release are made only as of the date hereof. Pocket Games cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Pocket Games undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Pocket Games.