SPYR Inc (OTCMKTS:SPYR) is ready to mark its presence in mobile game and app development industry. The company has been engaging industry leaders to become a real player in digital industry. It announced the appointment of Paul Thind to head its Games and Applications vertical. Thind has been known as a “brand builder” in the related industry.
In July, the company stepped up its plans to expand its market share in the digital advertising and publishing vertical with appointment of Adam Tuttle as MD of Media. Mr. Tuttle has experience of more than 20 years in digital media and advertising industry.
Presently, SPYR owns a robust portfolio of nine advertising driven sites that are functioning well in terms of getting traffic to websites. The appointment of Tuttle makes sense as it will help to enhance advertising revenue from the respective websites in coming period.
CrowdGather Inc (OTCMKTS:CRWG) Updates On Financial Performance
CrowdGather Inc (OTCMKTS:CRWG) released financial report for 1Q2016 wherein it reported revenue of $709,151, a increase of 74% over the revenue in the first quarter of fiscal 2015. Gross profit surged 84% to $551,858 over the same quarter in FY2015.
The net loss came at $943,985 versus a net loss of $3.23 million for the same period of FY2015. Sanjay Sabnani, the Chief Executive of CrowdGather stated that on an operating basis, the revenue growth from Mega Fame Casino boosted performance considerably. Lack of low cost capital can hinder company’s ability to progress rapidly.
NEWTEK Business Services Corp (NASDAQ:NEWT) And LookSmart, Ltd. (NASDAQ:LOOK) Finalizes A Deal
NEWTEK Business Services Corp (NASDAQ:NEWT) confirmed that its portfolio unit finalized a 39-month agreement with LookSmart, Ltd. (NASDAQ:LOOK). Under the deal terms, NTS will look after LookSmart’s information technology activities through its managed technology system installed in its Arizona data center. NTS will provide customer service to company, becoming a focal point of outsourced solution for Look and its stakeholders.