"The implicit value of this acquisition is in the platform, network, and personnel, all of which will begin to come to light in the coming months as we explore opportunities for horizontal expansion into other areas of the interactive digital media world. These sites represent only a small portion of the promising potential on which SPYR and its team seek to capitalize," concluded Mr. Thompson.
About SPYR, INC.
SPYR, INC. is a holding company that through its wholly-owned subsidiary, Franklin Networks, Inc., is engaged in digital publishing and advertising operations and through its other wholly-owned subsidiary, E.A.J.: PHL, Airport Inc., owns and operates an "American Diner" theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called "Eat at Joe's®." The Company is currently exploring opportunities for additional acquisitions in these and other verticals, including mobile application and game development, in order to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.
Contact:
Marlin Molinaro
Marmel Communications, LLC
(702) 434-8692
mmolinarofc@aol.com