- SWRM has four diversified revenue streams as it seeks to grow in multi-platform games, offers its expertise to develop new cannabis apps under SinglePoint’s SingleSeed subsidiary brand
- SWRM managers project company FY2018 volume of $6 million-$7 million
- Cannabis market projected to reach $50 billion by 2025
AppSwarm, Inc. (OTC: SWRM) has four key revenue streams and is using its business and technical expertise to enter the cannabis mobile app market in partnership with SinglePoint, Inc. (OTC: SING). The two companies have announced a letter of agreement to roll-out cannabis industry mobile apps (http://dtn.fm/RxkJ7). They said they would generate their first product within 90 days after the LOI, then two additional apps every 90 days thereafter.
SWRM has four distinct revenue streams for growth: incubation of apps and completion of development and concept; social game development; casino and movie-themed applications; and partnership projects in which SWRM can provide technical expertise.
SWRM is a high-technology application acceleration firm which engages in joint ventures as well as developing and marketing in the multi-platform games industry. Interactive development and joint ventures play an important part of the company’s growth strategy.
As the two companies join forces, described in the LOI, it provides SWRM a significant platform for providing its technical and app development knowledge. They will first develop a service-based app for the business-to-business and business-to-consumer markets and provide a base for the development of future apps. The products will represent SWRM’s entry into the cannabis market and will be branded and marketed under SinglePoint’s SingleSeed subsidiary. Cannabis is a large and growing market, projected to reach $50 billion by 2025 (http://dtn.fm/xLfj0). The jointly-developed apps will be available in all states where legal and feasible, the companies announced.
Ron Brewer, CEO of SWRM, said that the company has the expertise to build and launch what this market wants. He described the proposed partnership as a “win-win situation” for both companies, allowing each to leverage one another’s expertise to grow together.
Brewer recently oversaw a restructuring of SWRM, dividing the company into two segments: MediaPlay and Incubation and Acquisition Development (IAD). Brewer stresses that although it has two segments, SWRM is a single company.
He noted that company managers want to project SWRM revenues of $6 million-$7 million in FY2018 (http://dtn.fm/S2IqV). The four revenue streams reflect its experienced management team, not only in technical expertise, but also the businesses of mergers, joint ventures, partnerships and acquisitions.
For more information, visit the company’s website at www.App-Swarm.com
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