TAPM Website   |   About TAPM   |   TAPM Investors   |   TAPM News                   Get FinancialNewsMedia.com Alerts

Privacy Policy     

Tapinator, Inc. (OTC:TAPM) Breaking News - February 2, 2016



 

Tapinator and Tamatem MENA Partnership Demonstrates Strong Initial Results Debut “Cops” Game Reaches #1 in Top iOS Charts and #46 Top Grossing in Saudi Arabia 
 


New York, NY – PRNewswire - January 22, 2016 – Tapinator, Inc. (OTC:TAPM), today announced that its Middle East and North Africa (MENA) publishing partnership with Tamatem, Inc., which the Company first announced in November, 2015, has yielded very strong initial results based on the recent launch of the partnership’s debut game. Last Thursday, Tamatem released a localized version of Tapinator’s hit mobile game, Cop Duty Simulator 3D, in key MENA markets and the game immediately climbed to the #1 spot in the iOS Overall Apps Top Download Charts and reached #46 in the iOS Overall Apps Top Grossing Charts in Saudi Arabia. The game also reached a top 10 download rank in other key Middle Eastern markets such as Kuwait and Bahrain.

We are highly encouraged by the initial results from this game launch, as it validates our recently announced strategy to enter the $680 Million Middle East and North Africa mobile gaming market. According to Strategy& (formerly Booz & Company), the MENA market for mobile games is expected to more than triple in size in the coming years — from $680 million in 2015 to $2.3 billion in 2022. We are already working with Tamatem on a second game, based on our hit title Trucker Parking 3D, which we expect will hit the MENA market later this quarter,” said Tapinator CEO, Ilya Nikolayev.

“The Arab mobile game market is underserved. Arabic is the fourth biggest language in the world, yet less than 1% of all mobile gaming content is available in Arabic. While games in English number around 400,000, there are only 250 Arabic games available on the App Store (Source: GamesIndustry.biz). The region has one of the world's fastest adoption rates for mobile apps. There are 60M+ smartphone users in the Middle East and this number is expected to reach 100M by 2016. 60% of these users prefer consuming content in Arabic. (Source: Strategy&). Tamatem looks forward to expanding it partnership with Tapinator to help them bring their large and rapidly-growing library of 180+ high quality mobile games to the vibrant Arabic market,” said Tamatem CEO Hussam Hammo.

About Tapinator
Tapinator (OTC: TAPM) designs, develops, and publishes mobile games on the iOS, Google Play, and Amazon platforms. Tapinator’s owned and operated portfolio includes over 180 mobile gaming titles that, collectively, have achieved over 150 million downloads. A number of these titles have risen to the top of the mobile leaderboard charts and have been featured by the Apple, Google, and Amazon App Stores. Founded in 2013, Tapinator is headquartered in New York, with product development teams located in Denmark, Pakistan, Indonesia, Canada, and Russia. For a full listing of Tapinator game titles, please go to Tapinator.com. For further financial information on the Company, please go to OTCMarkets.com/stock/TAPM. For live updates, please like us on Facebook at facebook.com/Tapinator or follow us on Twitter at twitter.com/Tapinator.

About Tamatem, Inc.
Tamatem is a leading mobile games publisher in the MENA market with offices in Amman, Jordan and Mountain View, California and is backed by 500 Startups and other venture capital firms. Tamatem is entirely focused on serving the Arabic smartphone users with games tailored for the language and culture of the region. Tamatem partners with other international game developers/studios to publish localized versions of their successful games for the Arab gamer. Tamatem focuses on publishing casual and mid-core mobile games including genres that vary from puzzle games, strategy games, racing/drifting games and word and trivia games. Tamatem has a proven track record and experience in localization, user acquisition, distribution, cross-promotion, monetization, and game design focused entirely on the MENA region. For additional information about Tamatem, email founders@tamatem.co or visit http://tamatem.co.

Forward Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will" "expect," "anticipate," "estimate," "intend," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Examples of forward-looking statements contained in this press release include, among others, statements regarding the quoting and trading of our common stock and our expectations regarding our development and monetization plans for our mobile games. Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the hits nature of the mobile gaming business. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the company's common stock on the OTC Market Group's OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the company's operations or business prospects. As a result, there may be volatility in the market price of the shares of the company's common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group's OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the company in general, see Tapinator's Risk Factors which are available at http://www.tapinator.com/disclaimers.

CONTACT:
Tapinator Investor Relations
investor.relations@tapinator.com

SOURCE:  Tapinator, Inc.

 

------------------------------------------

 

Recent TAPM News

 

 

TAPINATOR BRINGS LEADING MOBILE GAME FRANCHISE, BIG SPORT FISHING 3D, TO GOOGLE PLAY, IOS AND AMAZON IN 2016 
 

Major Franchise Update from Rocketmind Coming During Q2 2016 With Licensed Versions Planned


New York, NY – PRNewswire - December 15, 2015 – Tapinator, Inc. (OTC:TAPM), an emerging growth company in the burgeoning mobile games space, today announces the acquisition of publishing rights to the hit Android mobile fishing game franchise, Big Sport Fishing 3D. With more than 15 million downloads to date across multiple expansion packs, Big Sport Fishing 3D debuted in 2010 as one of the first mobile fishing games to turn players’ smartphones into virtual fishing rods within a 360-degree, simulated reality fishing environment. The investment and publishing deal with Rocketmind Inc. of Cambridge, Massachusetts will bring a brand new sequel of Big Sport Fishing to Google Play, iOS and Amazon. Big Sport Fishing had previously been available exclusively on Android. The deal also grants licensing rights to mobile game production company, HyperPower Game Group, which will pursue opportunities to extend the franchise, in collaboration with Tapinator and Rocketmind, after release of the new upcoming game.

“Simulation games make up a significant part of our portfolio, which now boasts more than 150 games and 130 million players, so we feel uniquely able to support the Big Sport Fishing franchise” said Tapinator CEO, Ilya Nikolayev. “This collaboration with Rocketmind enables us to extend this expertise to adventure simulation, a genre we believe will be of great interest to our players. We are enthused by the virtual reality (VR) opportunities of this franchise, along with the evergreen nature and broad appeal of the fishing category. According to Statista, more than 55mm Americans took at least one fishing trip in 2013 and fishing related recreation expenditures represented a $42 Billion market in that year. As it relates to the mobile opportunity, Glu Mobile’s Deer Hunter grossed in excess of $52mm in 2014 (Source: Glu Mobile Q3 2015 Earnings Presentation). Given that there are more than four times as many fishing participants versus hunting participants in the US (source: Statista), we believe that this game represents a very large market opportunity for Tapinator and its partners.”

Big Sport Fishing was originally created by a team of passionate game developers from rural western Massachusetts seeking to recreate the summers that they spent fishing at their local pond. “Our primary goal was to recreate the most exciting parts of those fishing experiences—to see the fish swimming, really feel them tugging on the line, having to fight to reel them in, etc.,” said Joe Hanson, CEO of Rocketmind Inc. To this end, Big Sport Fishing was one of the first to take advantage of smartphone motion sensors to place players into an immersive, first person, virtual world where fishing is the only reality. Players need only move their phone to change their view, and flick their wrist to cast their line.

“The performance of the Big Sport Fishing franchise is impressive and we see a passionate bond between the game and its players,” said HyperPower Game Group CEO, Clark Nesselrodt. “This is exactly what we are looking for when choosing game mechanics for potential licensed extensions.”

The release of the totally new cross-platform, Big Sport Fishing sequel is slated for Q2. Tapinator has assumed publishing rights for current versions of the game, which are available to Android players on the Google Play store.

About Tapinator
Tapinator (OTC: TAPM) designs, develops, and publishes mobile games on the iOS, Google Play, and Amazon platforms. Tapinator’s owned and operated portfolio includes over 150 mobile gaming titles that, collectively, have achieved over 135 million downloads. A number of these titles have risen to the top of the mobile leaderboard charts and have been featured by the Apple, Google, and Amazon App Stores. Founded in 2013, Tapinator is headquartered in New York, with product development teams located in Denmark, Pakistan, Indonesia, Canada, and Russia. For a full listing of Tapinator game titles, please go to Tapinator.com. For further financial information on the Company, please go to OTCMarkets.com/stock/TAPM. For live updates, please like us on Facebook at facebook.com/Tapinator or follow us on Twitter at twitter.com/Tapinator.

About Rocketmind
Rocketmind develops innovative games and apps for mobile devices. We specialize in games which combine sophisticated 3D graphics with motion based controls. Founded in 2009, Rocketmind has released multiple mobile gaming titles which have collectively been downloaded more than 15 million times. For a full listing of Rocketmind’s games, see our website at www.rocketmind.com.

About HyperPower Game Group
HyperPower Game Group is a licensed mobile game production company that specializes in bridging the gap between successful mobile games and celebrity and brand licensors. With presences in New York City and Los Angeles, services include game creation, project management, artist relations, marketing, legal services and financing. Past titles include collaborations with licensors like Discovery Channel, Nik Wallenda and Melissa Etheridge.

Forward Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will" "expect," "anticipate," "estimate," "intend," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Examples of forward-looking statements contained in this press release include, among others, statements regarding the quoting and trading of our common stock and our expectations regarding our development and monetization plans for our mobile games. Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the hits nature of the mobile gaming business. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the company's common stock on the OTC Market Group's OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the company's operations or business prospects. As a result, there may be volatility in the market price of the shares of the company's common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group's OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the company in general, see Tapinator's Risk Factors which are available at http://www.tapinator.com/disclaimers.


CONTACT:
Tapinator Investor Relations
investor.relations@tapinator.com
(914) 930-6232

SOURCE: Tapinator, Inc.
 

------------------------------------------

 

Recent TAPM News

 

Tapinator Releases Third Quarter 2015 Financial Report Q3 Revenues of $728,000, an Increase of 191% Year-Over-Year 
 

New York, NY – PRNewswire – Tapinator, Inc. (OTC:TAPM), an emerging growth company within the mobile gaming industry, today announced financial results and the filing of its quarterly report for the period ended September 30, 2015. The complete report may be found at http://www.otcmarkets.com/stock/TAPM/filings.

“Tapinator continued to show significant business expansion in the third quarter of 2015,” stated Tapinator CEO, Ilya Nikolayev. “Our quarterly revenues grew 191% year-over-year and 18% quarter-over-quarter, representing our sixth consecutive quarter of at least double-digit sequential revenue growth. Our revenue expansion can be attributed to both the continued broadening of our rapid-launch games portfolio, as well as our continued investment into a small number of full-featured titles that we believe have significant franchise potential. In addition to our very strong revenue growth, Tapinator is also pleased to announce adjusted EBITDA of $73,914 in the third quarter of 2015, an increase of 65% year-over-year and our sixth consecutive quarter of positive adjusted EBITDA.

We are very proud of our accomplishments in Q3 2015, in terms of our financial performance, product traction and user growth. Tapinator is particularly pleased to deliver these results even as we continue to make substantial investments in new game development, marketing and data/analytics infrastructure."

Financial Highlights
Quarterly revenue of $728,128; up 191% year-over-year
• Quarterly adjusted EBITDA of $73,914; up 65% year-over-year
• $1.79 million in cash and cash equivalents as of September 30, 2015

Product Highlights
The Company ended Q3 with 153 games, of which 26 were launched in the quarter. Tapinator has 37 titles in its portfolio that have each achieved at least one million downloads, up from 20 games that had reached this milestone at the end of Q2. Within its full-featured games business, the Company had seven titles that have been selected as “Best New Games” and one “Free App of the Week” on iOS as of the end of Q3.

Dice Mage was featured as a “Best New Game” and was distinguished with a rare “App Store Editors’ Note.” The title climbed to the #2 position in Free Dice games and became a top 10 grossing Dice game. Dice Mage joined our other role playing game, Combo Quest, which became Apple’s “Free App of the Week” in October, and received over 1 million downloads during this exclusive promotion.

Rotatio, our latest quick-fix arcade game, was featured as a “Best New Game,” and a major update of the title is scheduled to launch later this month.

Video Poker VIP, Tapinator’s first social casino title, launched on iPhone devices during the quarter, received several important feature updates, and we believe, is currently the best video poker product on mobile. In Q1 2016, we plan on releasing unique multiplayer functionality within this game, which we project will have a significant positive impact on key engagement and monetization metrics. We view this game, and the social casino category in general, as important to our future growth strategy.
Finally, we began development of a game that represents Tapinator’s most prominent licensed IP deal to date. This title will launch in Q2 2016 and is based on a major hit movie franchise, whose popularity has spanned nearly forty years, and which has earned over $1 billion in revenue. This game will be announced in Q4 2015, along with a number of other full-featured games that we are currently developing for 2016.

Player & Game Metrics
• Average DAUs – 591,000; up 223% year-over-year, and up 25% sequentially
• Average MAUs – 10.2 million; up 221% year-over-year, and up 32% sequentially
• Average New Daily Downloads – 424,000; up 247% year-over-year, and up 19% sequentially
• Cumulative Downloads – 135 million as of September 30, 2015; up 282% year-over-year, and up 39% sequentially
• Game Library – 153 titles as of September 30, 2015; up from 65 year-over-year, and up from 127 sequentially
• Game Concentration – No single game accounted for more than 10% of total revenues during the nine-month period ended September 30, 2015

Financial Results (unaudited)

Tapinator recorded gross revenues of $728,128 and a net loss of $582,390 for the three-month period ended September 30, 2015. This compares to revenue of $250,339 and net income of $33,835 for the same period in 2014. The net loss was primarily attributable to an operating loss experienced in the quarter, coupled with increases in financing related charges associated with the Company’s $2.0 million convertible debenture financing completed during the second quarter of this year.

For the three-month period ended September 30, 2015, the Company incurred an operating loss of $173,038, as compared to operating income of $33,835 for the comparable three-month period in 2014. The reduction in operating income is primarily due to increases in development and software amortization, personnel and marketing costs.

For the three-month period ended September 30, 2015, the Company achieved adjusted EBITDA (a non-GAAP measure of earnings discussed below) of $73,914, as compared to adjusted EBITDA of $44,907 for the comparable three-month period in 2014. The increase in adjusted EBITDA is primarily due to operating leverage on the higher level of revenues.

Tapinator’s cash balance grew significantly to $1.8 million as of September 30, 2015 from the period ended December 31, 2015 when the cash balance was $121,740. The increase in cash is attributable to the $2.0 million growth financing transaction that the Company completed during the second quarter of this year.

Restatement of previously filed interim financial statements

Based on the reassessment of the authorized but unissued shares of common stock available to settle the Company’s outstanding warrants and the potential conversion of shares related to the senior secured convertible debenture, the financial statements and footnote disclosures for the three and six months ended June 30, 2015 have been restated. In particular, the derivative and warrant liability recorded in the previously filed interim financials have been adjusted. These adjustments reduced the net loss from $4,987,720 to $293,149, and resulted in a change in stockholders’ equity (deficit) from ($3,346,159) to
$3,348,412.

The complete amended report may be found online at: www.otcmarkets.com/stock/TAPM/filings.

About Tapinator
Tapinator (OTC: TAPM) designs, develops, and publishes mobile games on the iOS, Google Play, and Amazon platforms. Tapinator’s owned and operated portfolio includes over 150 mobile gaming titles that, collectively, have achieved over 135 million downloads. A number of these titles have risen to the top of the mobile leaderboard charts and have been featured by the Apple, Google, and Amazon App Stores. Founded in 2013, Tapinator is headquartered in New York, with product development teams located in Denmark, Pakistan, Indonesia, Canada, and Russia. For a full listing of Tapinator game titles, please go to Tapinator.com. For further financial information on the Company, please go to OTCMarkets.com/stock/TAPM. For live updates, please like us on Facebook at facebook.com/Tapinator or follow us on Twitter at twitter.com/Tapinator.

Key Operating Metrics
We manage our business by tracking several operating metrics: ‘DAUs,’ which measure daily active users of our games, ‘MAUs,’ which measure monthly active users of our games, ‘Downloads,’ which measure non-unique downloads of our games, each of which is recorded by third party systems and our internal analytics system. The numbers for these operating metrics are calculated using internal company data, based on tracking of user account activity. We believe that the numbers are reasonable estimates of our user base for the applicable period of measurement; however, factors relating to user activity and systems may impact these numbers.

Forward Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will" "expect," "anticipate," "estimate," "intend," and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Examples of forward-looking statements contained in this press release include, among others, statements regarding the quoting and trading of our common stock and our expectations regarding our development and monetization plans for our mobile games. Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the hits nature of the mobile gaming business. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the company's common stock on the OTC Market Group's OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the company's operations or business prospects. As a result, there may be volatility in the market price of the shares of the company's common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group's OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the company in general, see Tapinator's Risk Factors which are available at http://www.tapinator.com/disclaimers.

Non-GAAP Financial Measure
We have provided in this release the non-GAAP financial measure of adjusted EBITDA, as a supplement to the consolidated financial statements, which are prepared in accordance with United States generally accepted accounting principles ("GAAP"). Management uses adjusted EBITDA internally in analyzing our financial results to assess operational performance and liquidity. The presentation of adjusted EBITDA is not intended to be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. We believe that both management and investors benefit from referring to adjusted EBITDA in assessing our performance and when planning, forecasting and analyzing future periods. We believe adjusted EBITDA is useful to investors because it allows for greater transparency with respect to key financial metrics we use in making operating decisions and because our investors and analysts use them to help assess the health of our business. We have provided reconciliations between our historical 2015 adjusted EBITDA to the most directly comparable GAAP financial measures below. Some limitations of adjusted EBITDA:

• Adjusted EBITDA does not include other income or expense, which includes foreign exchange gains and losses and interest income or expense;
• Adjusted EBITDA does not reflect income tax expense;
• Adjusted EBITDA does not include other income or expense, which includes foreign exchange gains and losses and interest income or expense;
• Adjusted EBITDA excludes depreciation and amortization of intangible assets. Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future; and
• Other companies, including companies in our industry, may calculate adjusted EBITDA differently or not at all, which will reduce their usefulness as a comparative measure.

Because of these limitations, you should consider adjusted EBITDA along with other financial performance measures, including revenue, net income (loss), diluted net income (loss) per share, cash flow from operations, GAAP operating expense, GAAP operating margin and our other financial results presented in accordance with GAAP. See the GAAP to non-GAAP reconciliations below for further details:
 

Reconciliation of GAAP to Non-GAAP Results (unaudited)

 CONTACT

Tapinator Investor Relations
investor.relations@tapinator.com
(914) 930-6232
SOURCE:  Tapinator, Inc.

ABOUT TAPM:

Tapinator was founded by a visionary team that has years of experience building games and applications across all platforms - including iOS, Android, Kindle and Facebook.

Meet our Executive Team:

Ilya Nikolayev, CEO

Co-founder and CEO of Familybuilder (the Family Tree application) until the sale of the Company to Intelius. In 2007, Mr. Nikolayev created one of the first successful Facebook applications, Family Tree, and grew the property to over 6 million monthly active unique users and 45 million total users. Mr. Nikolayev raised venture capital funding, grew the business to profitability, and successfully sold the business in 2011, generating a significant return for all of its investors. Mr. Nikolayev is also a co-founder at InAppFuel, a business-to-business product for mobile game developers. Prior to Familybuilder, Mr. Nikolayev worked in banking for JP Morgan. Mr. Nikolayev graduated cum laude from New York University.


Khurram Samad, CTO

Mr. Samad leads Tapinator's software development team. Previously, Mr. Samad founded GeniTeam, an outsourced development company specializing in mobile, with over 40 developers in-house. He is an experienced leader of offshore technical teams, focused on cost effectively creating high-quality games and applications across mobile platforms. Mr. Samad earned his BS in Computer Science from National University of Computer and Emerging Science. MBA from LUMS.

Andrew Merkatz, President

Andrew Merkatz is an accomplished finance executive with 20 years of experience as an investor and operator in media and technology growth companies. From 2008-2015, Mr. Merkatz was a Managing Director of Investments at Vision Capital where he managed investments in digital media and software technology. Mr. Merkatz began his career at private equity firm, Interlaken Capital. He later served as Chief Operating Officer for Site-Specific, one of the first internet advertising agencies (sold to CKS Group), Vice President of Corporate Development at FLOORgraphics, a pioneering in-store media company (sold to News Corp.), and President of Predict It, a venture backed digital media company. In 2007, Mr. Merkatz co-founded Familybuilder, a leading Facebook app developer, which profitably scaled to more than 45 million users prior to the successful sale of the Company in 2011. In 2013, Mr. Merkatz co-founded InAppFuel, a developer of patent-pending casino minigame software for mobile game developers that was acquired by Tapinator in September 2014. Mr. Merkatz holds an M.B.A. from Harvard Business School and a B.A. in Economics, with distinction, from the University of Pennsylvania.

Robert Crates, Director

Robert B. Crates has over 25 years of experience in private equity, investing in a broad range of industries and asset categories. Mr. Crates has served on the board of directors of numerous public and private companies. He has invested in leading venture capital and hedge funds and served as an advisory director to iEurope, a venture capital fund manager focused on Eastern Europe, and as an advisor/initial investor in the Global Undervalued Securities Hedge Fund. He is currently Chairman of Power-by-Power Texas, an electricity procurement, brokerage, and management company. Mr. Crates was previously the President and Co-Founder of Crates Thompson Capital, a private equity investment management company, the General Partner of a private equity fund managed for the principals of Luther King Capital Management, an investment advisory company with more than $10 billion under management, and an analyst in corporate banking with the United States Trust Company of New York. He is a graduate of Yale University.


Teymour Farman-Farmaian, Sr. Advisor

Teymour Farman-Farmaian was Chief Acquisition and Retention Officer (later CMO) at Spotify, the world’s leading music streaming service, starting in 2011. In this role, Teymour led a team of over 100 employees and helped triple revenue growth to hit a $500 million run rate. Before Spotify, Teymour spent close to two years with Zynga (ZNGA) as GM of Partnerships. There, he was responsible for Zynga’s multi-billion dollar partnership with Facebook as well relationships with Yahoo and Google. In this role, Teymour helped launch over a dozen social games. Teymour went to Zynga after six years at Google (GOOG). He joined Google as Director of European Sales Operations, where he helped achieve ten figure revenues. His last position at Google was as Director of Sales Services, where he served deal teams working on partnerships (including AOL and eBay) responsible for 25% of Google’s revenue. Teymour speaks French, Spanish, Italian, Portugese and Farsi and holds a BA from Duke University and an MBA from Harvard University.

Company Overview

Tapinator (OTC: TAPM) designs, develops and publishes mobile games on the iOS, Google Play, and Amazon platforms. Tapinator’s owned and operated portfolio includes over 130 mobile gaming titles that, collectively, have achieved over 130 million downloads. A number of these titles have risen to the top of the mobile leaderboard charts and have been featured by the Apple, Google, and Amazon App Stores. Founded in 2013, Tapinator is headquartered in New York, with product development teams located in Pakistan, Denmark, Indonesia, Canada and Russia.



SOURCE: www.tapinator.com

 




Disclaimer

FN Media Group LLC (FNMG) owns and operates FinancialNewsMedia.com (FNM) which iis a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG was compensated one thousand seven hundred dollars for Tapinator, Inc. news coverage by the company.  FNMG HOLDS NO SHARES OF Tapinator, Inc.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.