AppSwarm Provides Update on Projects Under Development, and Financing
TULSA, OK, July 24, 2018 (GLOBE NEWSWIRE) -- AppSwarm, Inc. (OTC Pink: SWRM), a technology company specializing in the accelerated development and publishing of mobile apps, provides update on current projects under development, and course of action for future funding. Last Mile Cannabis Delivery Platform AppSwarm has formed a strategic partnership with SinglePoint (OTCQB:SING) to develop a delivery tracking platform for the emerging cannabis industry. The application will assist in tracking deliveries through our mobile GPS platform, and provide background security and transparency for drivers and companies alike. In addition, both parties are exploring deploying this delivery platform in Canada’s growing legal recreational marijuana market, and are expected to have additional information on this upon launch of the delivery platform. Bitcoin Digital Wallet and Media Campaign AppSwarm has also formed a strategic relationship once again with SinglePoint for the development of a Bitcoin digital wallet, which will be marketed in TV commercials throughout the United States, staring former Shark Tank host Kevin Harrington. These commercials will clearly show AppSwarm as the main technology source behind this product and should provide immediate exposure for our company to a national audience. Cloud and Broadband Projects AppSwarm has formed a strategic partnership with New York based AI VentureTech, Inc. to assist in developing next generation mobile applications off a new cloud platform being developed by a 4G and pre 5G broadband provider. This is a major longer-term project as it opens the door for AppSwarm to develop applications in the areas of drone and driverless car tracking, Internet of Things (IoT) and Smart Homes, AI enabled mobile apps for intelligent phones, and high end Virtual Reality games and entertainment. Through this partnership AppSwarm now has both a 4G and pre 5G capability to produce next generation mobile apps under the highest broadband bandwidth possible and opens the door for some major strategic partnerships in the future. www.aiventuretech.com Strategic Partnerships - Sports Betting Our sports betting app, The Mad Gambler, is in its final phase of development. Along with the cool features, and rich content, the Company has already been in talks to find a strategic partner in which to take this app to the next level. The goal will be to find the right partner who can bring in their contacts and assets to further develop the Mad Gambler brand, and execute on revenue streams for this sports gaming application. The launch of this application is expected in the not too distant future, and will be accompanied by a public release upon launch. www.themadgambler.com Strategic Partnerships - Last Mile Retail Delivery In addition to its use in cannabis delivery, AppSwarm will also embark on developing a strategic partnership with a logistical or retail chain name to leverage this platforms technology as a last mile delivery solution for the right partner. As the core technology developer of this, AppSwarm feels partnering with a major retail or logistics player to be the best route to bring immediate revenue potential to what this technology holds. News of any new strategic partnerships would be announced after launch of the initial application, which is expected shortly. Preferred Share Financing In regard to funding of operations, new IT staff, and future acquisitions, the Company has elected to use its Preferred Shares to finance operations as this will be more supportive to our common shareholders. The Preferred shares will be marketed to ‘accredited’ individuals only, as the company is determined to avoid financing from any toxic sources to fund operations. Investors in Preferred shares will have a lock-up period of twelve months, under rule 144, and this will remove any immediate undo pressure to our common share structure, while also proving us the funds needed to execute our projects under development. In addition, any future acquisitions would be executed mainly through the use of our Preferred shares, as this would allow us to purchase real revenue producing assets, while offsetting any immediate dilution to our common shareholders. Request More Information
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AppSwarm (OTC PINK:SWRM) is a technology company specializing in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. AppSwarm partners with and assists other development firms in technology development, business management, and funding needs. For more information, visit us at www.app-swarm.com Follow us on www.facebook.com/AppSwarm or Twitter https://twitter.com/AppSwarm
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company’s filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
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