According to the company’s materials, “SPYR, INC. is a holding company that through its wholly owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game publishing and development. SPYR, INC. also owns and operates an “American Diner” theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called “Eat at Joe’s” through its other wholly-owned subsidiary, E.A.J.: PHL Airport Inc. The Company is currently exploring opportunities for additional acquisitions in these and other verticals, including mobile application and game development, to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.”
SPYR, Inc recently put out an update on its plans and objectives for the year of 2017. The flagship brand for this company is Pocket Starships, and a lot of low-hanging fruit is still out there for expansion of that brand.
The company already uses web portals as a key strategy, highlighting the advantageous nature of a revenue-sharing agreement structure – no debt, no cash down, just points out of the end market. But the company notes that there are plenty more portal deals to be had. “The unique ability to make the game available on all of these portals, as well as on mobile devices is only possible because of the cross-platform aspect of Pocket Starships.”
In addition, SPYR notes that further possibilities lie ahead with an expansion onto the Microsoft platform, and its 350 million potential users. “It is anticipated that before the end of the 2nd quarter, a Windows update will be added to Pocket Starships.”
Also, as a consequence of the rock solid balance sheet, the company is planning on introducing a dividend to return some of that cash to shareholders.
“SPYR plans on declaring a stock dividend to its existing shareholders on a date to be determined. In the near future, SPYR will divest itself from the restaurant business by issuing a stock dividend to our shareholders of record as of a specific record date. The restaurant division will become a separately traded public entity. SPYR then intends to file a Registration Statement with the Securities and Exchange Commission (SEC) to have the restaurant division trading under a separate ticker symbol as a separately trading public entity.”
SPYR, Inc also apparently plans on diversifying its gaming offerings, which is another way to use the extra cash. The Company will continue to seek out new publishing agreements for new game titles in various stages of development. “SPYR will be considering games in a diverse field of genres, with the goal of creating a portfolio of games appealing across multiple demographics, resulting in a regular and consistent revenue stream.”
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Company Website : http://www.spyr.com