Mobile Games Publisher SPYR Forms Finnish Subsidiary To Expand Its Business

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Mobile Games Publisher SPYR Forms Finnish Subsidiary To Expand Its Business

Former Rovio Games Producer Anastasios Katopodis to Act as Production Director in Helsinki

Denver/Helsinki March 2nd, 2016 – SPYR, INC. (OTCQB: SPYR), a holding company with fully owned subsidiaries in the mobile game, app development and publishing industry, today announced that it has formed a new wholly owned subsidiary in Finland, SPYR APPS Oy, to expand its mobile games publishing business. Former Rovio Executive Producer, Anastasios Katopodis, is heading the operations in Helsinki as Production Director. Mr. Katopodis will be responsible for the monetization and performance of SPYR’s mobile games and will assist in the acquisition of mobile games and services for SPYR’s wholly owned subsidiary, SPYR APPS Oy. 

“Finland is a hotbed of activity in the mobile games world, with Helsinki being the location of top mobile games companies,” Paul Thind, Managing Director of Games and Applications at SPYR comments. “We formed SPYR APPS Oy for the purpose of continuing to expand our digital media presence into the multi-million dollar mobile app industry. SPYR APPS is already working with SuperPlus Games, a Finnish game studio formed by a team of ex-Angry Birds developers. Their debut tile Retro Shot was co-published for Android and iOS devices on February 25th.” 

“At Rovio I was in charge of producing, operating, launching, marketing and monetizing several web and mobile games, with many millions of downloads and a very successful financial return,” Anastasios Katopodis comments. “Now at SPYR I’m excited to offer my experience and vision on how to produce and organize the company’s in-house titles as well as anticipated third-party titles.” 

SPYR APPS Oy business operations started in February, and the company is looking to publish interesting and unique mobile game projects globally. 


SPYR APPS, Oy is a wholly owned subsidiary of SPYR, INC., a Nevada (U.S.) corporation, whose common stock is publicly traded on the OTC Markets Exchange ( under the symbol “SPYR”. SPYR APPS, Oy is engaged in mobile application and game publishing and development.   

About SPYR, INC.

SPYR, INC. is a holding company, which through its wholly owned subsidiaries is engaged in a variety of different businesses.  SPYR, INC. is constantly exploring opportunities to expand its holdings in current and new business lines, including game publishing and development.

 Safe Harbor Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the website of the U.S. Securities and Exchange Commission located at

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