SPYR's 'Pocket Starships' Reports Positive Revenue Growth From Minor Update

DENVER, May 17, 2016 /PRNewswire/ -- SPYR, INC. (OTCQB: SPYR), a holding company with wholly owned subsidiaries in the mobile game & app development and publishing industry, and in the restaurant industry, today announced that Pocket Starships (www.pocketstarships.com), the company's most recently published game, is generating very positive statistics since the release of a minor game update on May 2.

SPYR's wholly owned subsidiary, SPYR APPS, LLC, released a minor update (or "patch") for Pocket Starships on May 2, 2016, the primary goal of which was to provide some long-awaited "bug fixes."  The patch also provided players with some very minor content updates, which included making a few new items available for in-app purchase.  

Pocket Starships has seen more than a 23% increase in the average revenue from each paying user and a 7.8% increase in the average spend on each in-app purchase over the last 30 days, with the majority of those increases occurring after the release of the patch. 

In addition, following the recent update, Pocket Starships has garnered overwhelmingly positive reviews, with daily review averages in the Google Play Store increasing from approximately 4.1 stars out of 5 to between 4.5 and 4.7 stars out of five depending on the day.  This is with an average of approximately 130 reviews per day by Android users alone. 

Paul Thind, SPYR's Managing Director of Games and Apps stated: "We are very encouraged by the metrics generated by the most recent update.  The update, while only a very minor one, was exciting because it allowed us to see the impact that it had on the average player revenue and on the game's reception with players.  It is showing that us we are moving in the right direction with the game.  It is a very good sign of things to come when our planned large content update/expansion will be launched later this year."

About SPYR

SPYR, INC. is a holding company that through its wholly owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game publishing and development.  SPYR, INC. also owns and operates an "American Diner" theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called "Eat at Joe's®" through its other wholly-owned subsidiary, E.A.J.: PHL Airport Inc.  The Company is currently exploring opportunities for additional acquisitions in these and other verticals, including mobile application and game development, in order to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.

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Investor Relations Contact:
Marlin Molinaro
Marmel Communications, LLC
(828) 669-0616
[email protected]

SOURCE SPYR, INC.