AppSwarm Provides Update on Projects Under Development, and Financing
July 24 2018 - 1:07PM
InvestorsHub NewsWire
Tulsa, OK -- July 24,
2018 -- InvestorsHub 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
To receive status updates on our company we invite you to register
to our investor mailing list at http://www.app-swarm.com/investors/
About APPSWARM:
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
Forward-Looking Statements:
"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.
Investor and Media Contacts:
AppSwarm, Inc.
888-886-8583
info@app-swarm.com
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