Pocket Games, Inc. in Discussions to Acquire Game Testing Company
NEW YORK, NY--(Marketwired - Nov 11, 2014) - Pocket Games, Inc. (OTCBB: PKGM), a Games Development Company, today announced that it is in discussions with the Investors and Management of a Games Testing Company to acquire their operations and existing team.
The Games Testing Company currently has a solid team and a healthy client base. Pocket Games sees the acquisition as an accretive acquisition that will benefit the company in multiple ways. Pocket Games has used this Company for several times on its development projects over the past twelve months.
Pocket Games will benefit from having an in-house company to test future development projects rather than outsourcing. This keeps the expenses and subsequent revenue internal. The Games Testing Company will be able to experience impressive growth in revenues and profits from new revenue streams growing out of operations and offices that the Company is planning to open in Europe and the U.S.A.
CEO of Pocket Games, Inc., David Lovatt, commenting on the discussions, stated, "This acquisition will be a perfect fit for our company. 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 Gaming Company."
A short video of Pocket Games' latest title 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 (OTCBB: 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.
Forward-Looking StatementsThis 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
PKGM--SOMETHING NEW IN GAMING IS COMING SOON
Pocket Games first title IdolHands will be launching January 2015
https://www.youtube.com/watch?v=rWnNbBujRgo#t=13
Business Summary
Pocket Games, Inc., a development-stage company, focuses on developing and selling games for mobile devices, tablets, and computers. It intends to develop Pocket Football, a multiplayer game based on American football; and SH3G, a mobile game primarily for the Apple and Android platforms. The company was founded in 2013 and is based in Woodmere, New York.
Idol Hands: Legend of the Furlings
Idol Hands Publisher
Pocket Games, Inc a games development company announced today, Tuesday, November 4, 2014 that they have negotiated a deal with a leading games publisher to publish "IdolHands".
"IdolHands" was originally developed in partnership with Intel and distributed as an OEM title with Creative Labs Motion Detecting Webcam. Pocket Games acquired the title in early 2014. They have since upgraded gameplay and removed the motion detector equipment requirement.
Pocket Games has yet to announce the name of the publisher but apparently the publisher is a leader in the PC digital downloads arena. The contract has already been signed and Pocket Games promises to share details soon, namely the publisher.
As far as the game goes, IdolHands is a strategy game. The player essentially plays the role of a God to his people, called furlings. As their God, the player naturally has power over volcanoes and meteors. The player uses those powers to protect his furlings from other Gods as they gradually take over land and build civilizations.
PKGM Security Details
Share Structure
Market Value1
$1,709,400
a/o Nov 11, 2014
Shares Outstanding
15,540,000
a/o Oct 31, 2014
Float
7,240,000
a/o Oct 31, 2014
Authorized Shares
500,000,000
a/o Jun 24, 2014
Par Value
Not Available
Shareholders
Shareholders of Record
36
a/o Jun 24, 2014
Short Selling Data
Short Interest
(%)
Significant Failures to Deliver
No
DAILY CHART READY TO EXPLODE
