NetworkNewsBreaks – AppSwarm, Inc. (SWRM) Acquir
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Technology development and incubation acceleration company AppSwarm, Inc. (OTC: SWRM) this morning announced its acquisition of MediaPlay, a multiplatform game developer and publisher with a special focus on the creation of free-to-play mobile games. MediaPlay features a core team that’s made up of industry veterans who have worked in executive positions with some of the largest gaming companies in the world. “We are excited to work together with MediaPlay,” Ronald Brewer, CEO of AppSwarm, stated in the news release. “With a keen focus on nurtured relationships, international contacts, and proven ability to execute major corporate development and publishing agreements, we expect rapid revenue development over the next twenty-four months.” Assets purchased as part of the MediaPlay acquisition include games in-house, rights to games currently in negotiations, pending letters of intent, pending distribution agreements and work-for-hire contracts.
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