Brisio Innovations (C.BZI) up 7% on acquiring hit game, Spermy's Journey

Gaalen Engen Gaalen Engen, Stockhouse.com
1 Comment| April 2, 2014


Brisio Innovations (CSE:BZI, StockForum), a Vancouver-based firm engaged in the acquisition, development and marketing of mobile software applications, announced today that the company had purchased all rights, intellectual property and online assets related to mobile hit game “Spermy's Journey, A Race To The Egg!”.

 

According to the news release, the game is ported to Android and IOS and is one of the most downloaded and played games since its release at earlier this year.

 

Brisio paid the vendor US$130,000 as consideration for the game that ranked #1 app in overall games in three countries, top 10 overall game in 17 countries and top 10 arcade game in 27 countries on Google Play, and top 10 strategy game in 40 countries on Apple's Appstore.

 

The release went on to note, “Spermy's Journey has generated $25,300 USD over the last 30 days via in-app purchases and advertising revenue.”

 

The company will also be appointing the app's developer and veteran tech entrepreneur, Brian Appell, to its board of advisors.

 

Company CEO, Paul Andreola, commented, “In the last 90 days, since changing our name to Brisio Innovations Inc. and launching our new business plan focused on mobile app acquisition and acceleration, the Company has successfully listed on the tech-friendly Canadian Securities Exchange, completed 43 mobile app acquisitions, increased its overall install base from 0 to almost 1.3 million and increased its combined daily downloads from 0 to over 100,000.”

 

He then added, “We have also entered into a letter of intent to acquire an interest in the largest independent app store in Canada, which, if completed, will allow us to increase exposure to our growing portfolio of apps and help gain exposure for the thousands of software developers trying to gain attention for their apps in a very competitive marketplace. We feel these developments will put us in the remarkable position for a new junior tech company of being a cash flow positive business in the very near future".

 

Then he concluded, “In all respects, we are ahead of our own aggressive schedule of developing new value for our shareholders. With industry statistics based on the recent acquisition of WhatsApp by Facebook and the IPO of King Digital valuing each at over $40(2) and over $60(3) per user respectively, the install base of over 1 Million users of Spermy's Journey adds substantial value to the Company. Many of the major app markets, such as North America and Asia, remain virtually untapped and should be very strong prospects for future growth of the Spermy's Journey game and franchise.”

 

Brisio was in the news recently when the company announced a change to its officers and board at the beginning of the month.

 

Shares gained 7.69% on the news to $0.35 per share.

 

Currently there are 18.7m outstanding shares with a market cap of $6.6 million.


Tags: TECHNOLOGY SOFTWARE - APPLICATION

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Playa2012
A lot higher to go. Thanks for the write up Gaalen.
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April 2, 2014
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