SPLY: Corporate Update From CEO
FORT WORTH, Texas, Sept. 9, 2015 /PRNewswire/ -- Social Play USA, Inc. - (OTC-QB: SPLY) is pleased to announce that Artesanias Corp has changed its name to Social Play USA, Inc. and is doing business as Social Play and the company website is www.socialplay.com. The Name change better reflects the direction of the company and its relationship with research and development firm Social Play Canada with whom we hold a global exclusive rights agreement over all developed assets for marketing and sales.
The company has also recently completed a 5 for 1 rollback, giving the company equity a more legitimate structure and price. Management feels this restructuring creates a better value for SocialPlay shareholders and investors now and into the future.
CEO, Chitan Mistry previously stated: "The Social Play relationship is an exciting new direction for our Company. I look forward to bringing the Social Play products to market in the coming months and introducing our network of developers." In addition, we are looking forward to launching our new marketing strategy to expand upon the base of 200,000 users which has been built up by Social Play Canada. As part of our license agreement with Social Play Canada, we have access to this developer base and the opportunity to leverage it in our own operations.
The global revenue for the gaming industry is projected to reach $86 billion by 2016.
Under our license agreement with Social Play Canada, we have licensed the SP Cloud Goods intellectual property. SP Cloud Goods is cloud-based game hosting and management system where video game developers can add and remove virtual goods from the game, manage players, manage virtual store pricing, and view vital game and player statistics. Using this system, game developers can affect their games in real-time, without the need to rebuild or republish the game.
The SP Cloud Goods intellectual property also includes a system for game developers to collect payments for virtual goods sold to players in their games, as well as a marketplace component that will allow advertisers and game developers to choose where, when, and how advertisements are placed in games. The system will also facilitate the transfer of funds from advertisers to game developers.
SPLY will soon be DWAC eligible as the application is in progress.
About Social Play USA.
Social Play USA. provides marketing, monetization, and support services for developers in the gaming and mobile application markets.
Forward-looking & Safe Harbor Statement Certain statements in this release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company cautions that these forward-looking statements are further qualified by other factors. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Contact:
Chitan Mistry
Social Play USA.
Corporate Office:
2532 Open Range Dr.
Fort Worth TX 76177
Phone: +1-(866)-281-1207
SOURCE Social Play USA, Inc.
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