(NEW YORK)–AppSwarm, Corp (OTCMKTS: SWRM) announces new joint venture with Yam Yam Mobile for entry into virtual reality gaming market.
Ronald Brewer, CEO of AppSwarm, Inc. stated, “With our in-house focus heavily on VR we have teamed up with seasoned gaming development company, Yam Yam Mobile (www.yamyammobile.com)”
“Yam Yam’s Chief Executive Officer specializes in Artificial Intelligence and Psychology (computer/machine learning), and has over 25 years of experience in game and application development. For the last decade, he has worked almost exclusively in the mobile app development sector and has brought many products to iOS, Android, Blackberry, and Windows marketplaces. Further, he has worked directly with such prestigious companies as Virgin Interactive and Philips. We know we are in more than competent hands with Yam Yam.”
This new joint venture with YamYam Mobile marks AppSwarm’s move into the dynamic and exciting sector of virtual reality gaming.
In a recent tweet from the company stated, “@appswarm entering dynamic sector of virtual reality games, stay tuned! #GameDev #IndieDev #Indiegames #VR #VirtualReality #games #gamers”
As of June 2017, the Company had around 55 million common shares issued and outstanding, thus giving the stock a very low market cap valuation compared to its underlying operations.
Investor interest in companies involved in virtual reality, and gaming, is expected to grow in 2017, and SWRM may be one of the more interesting smaller cap stock plays to get on ones radar.
In the report, Ludlow Research made note that SWRM growing revenues, new acquisitions, expansion into mobile ecommerce, retirement of toxic debt, and low market capitalization provides for a intriguing value trading opportunity, and was then issued a $0.15 price target on its common shares. www.ludlowresearch.com
AppSwarm, Inc. is a technology development and incubation company focused in accelerating the development of mobile applications and technology, fast-tracking product to market. AppSwarm partners with application developers through joint ventures, royalty agreements, marketing partnerships, and outright purchase agreements. www.app-swarm.com
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