$SPYR 0.750.011 (1.49%) NEW 52 WeeK High on ASK!
Post# of 144502
Real-Time Best Bid & Ask 0.75 / 0.76 (3685 x 6000)
OTC Disclosure & News Service
SPYR, INC. ~ Investment Banking Firm to Assist With Strategic Mergers and Acquisitions
Apr 17, 2015
OTC Disclosure & News Service
DENVER, CO--(Marketwired - April 17, 2015) - SPYR INC. (OTCQB: SPYR), a holding company with wholly-owned subsidiaries in the digital publishing and advertising industry, the mobile game and app development industry, and the food service industry, today announced that it has retained Chardan Capital Markets, LLC ("Chardan", a full-service, global boutique investment banking firm headquartered in New York City, to identify strategic acquisition prospects for the Company.
Chardan Capital Markets, LLC is a privately held investment banking firm with a focus on small and medium-sized enterprises and is well versed in the industry segments in which SPYR operates. Chardan has been engaged to identify candidates for SPYR's potential acquisition or those with which it can enter strategic relationships, thus enabling SPYR to take advantage of larger market opportunities in this fast-growing and very attractive segment of the technology market.
Jim Thompson, CEO of SPYR, INC. comments, "With SPYR's strong balance sheet, I felt that the timing was right for SPYR to engage Chardan's M&A services. Mergers and acquisitions are a component of SPYR's growth strategy. We are fortunate to have a firm such as Chardan to locate, analyze, and negotiate potential acquisitions on SPYR's behalf. Chardan not only understands our goals and objectives, but also has a heightened understanding of SPYR's market niche. As such, I am excited to welcome Chardan to the SPYR team and expect that this new strategic alliance will prove to be invaluable as we work to increase shareholder value."
About Chardan Capital Markets, LLC
Chardan Capital Markets is an international investment bank headquartered in New York City, with offices in Palo Alto, Sydney and Beijing. Chardan provides a wide array of financial services including investment banking, capital markets, international trading and equity research. The investment banking group focuses on providing banking and advisory services to private and public companies in small and mid-cap markets. The institutional coverage of Chardan Capital Markets spans North America, Europe and Asia. Chardan Capital Markets LLC is a registered broker-dealer with the U.S. Securities and Exchange Commission and is a member of the following: Financial Industry Regulatory Authority (FINRA); Municipal Securities Rulemaking Board (MSRB); Securities Insurance Protection Corporation (SIPC); NASDAQ Stock Market and the NYSE Arca, Inc. To learn more about Chardan Capital Markets, visit www.chardancm.com.
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