CrowdGather Inc.’s (OTC: CRWG) wholly-owned subsidiary, Plaor Inc., a multi-platform social gaming company, recently announced the launch of Riches of the Sea™, its first new title release in 2015. The underwater-themed 5-reel video slot featuring 30 pay lines, developed in partnership with 2 By 2 Gaming, is now available to play in Mega Fame Casino & Slots™ and on the Facebook, iOS, and Android game platforms.
According to Newzoo analysts, the social gaming industry grew 42% in 2014 to $25 billion and could reach over $40 billion by 2017. CrowdGather is well-positioned to capitalize on these trends with its popular Mega Fame Casino™ franchise that continues to add new titles and attract new players. With 23,000 active daily users and a projected $1.5 million annual run rate, investors may want to take a closer look at the company’s stock.
In particular, investors in social gaming companies like King Digital Entertainment Inc. (NASDAQ: KING), Glu Mobile Inc. (NASDAQ: GLUU), and Coin Citadel Inc. (OTC: CCTL) may want to take a closer look at the microcap opportunity in the space.
Read the full press release discussing the new title here:
Plaor, Inc., a wholly-owned subsidiary of vertical interest social media network CrowdGather, Inc. (CRWG), announced today the launch of Riches of the Sea™, the latest title developed from its partner 2 By 2 Gaming. Riches of the Sea™ is an exciting 5 reel video slot with 30 pay lines and a beautifully styled undersea and mermaid theme that is currently available to play in Mega Fame Casino & Slots™ and on the Facebook, iOS, and Android game platforms.
“We are pleased to announce the launch of our fifth game from our partner 2 By 2 Gaming – Riches of the Sea™”, said Richard Corredera, Chief Operating Officer of CrowdGather. “It is fitting that the first game launched in Mega Fame Casino & Slots™ in 2015 is from our oldest partner for video slot content and the one with which we have created the most titles. We look forward to providing several more titles from 2 By 2 Gaming to our players in the upcoming year.”
To start playing Mega Fame Casino & Slots™ for free, visit the Facebook App Center, Apple iOS App Store, or Google Play Store now.
About 2 By 2 Gaming, LLC
Based in the Chicago area, 2 By 2 Gaming is a leading independent slot game development company that develops content for land-based gaming and legal online wagering. With an experienced group of talented professionals that are responsible for some of the most popular casino gaming brands, 2 By 2 Gaming is focused on innovation and player excitement. Several of 2 By 2 Gaming’s popular titles are currently deployed on the casino floors with leading gaming companies, including Bally Technologies (NYSE:BYI) and Incredible Technologies.
About CrowdGather, Inc.
With its growing portfolio of special interest forums and enthusiast message board communities, CrowdGather (www.crowdgather.com) has created a centralized network to benefit forum members, forum owners, and forum advertisers. CrowdGather provides a highly interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and a largely untapped advertising network for marketers worldwide.
CrowdGather subsidiary, Plaor, a company that specializes in developing highly scalable multi-platform games, is located in the heart of Boston’s fast growing Innovation District. Plaor produces Mega Fame Casino, an innovative and highly rated social casino available on iOS, Android & desktop. With over 20 employees, the Plaor team is a mix of rising-star newcomers and widely-recognized game development veterans from companies including Rockstar Games, Turbine, Harmonix, Irrational Games, Nanigans, Sony Online Entertainment, ThoughtWorks, THQ, and Caesars Interactive Entertainment.
About Mega Fame Casino & Slots™
Mega Fame Casino & Slots™ is a high quality social casino available now on Facebook, iOS, and Android. Users can play more than a dozen unique slot themes, four types of Hold’em poker, video poker, along with the innovative MegaFame Blvd. Mega Fame Casino & Slots™ features more than 300 celebrities and offers weekly celebrity tournaments bringing truly unique star-studded experiences to social games. Based on Plaor’s unaudited financial statements and without the benefit of marketing and advertising resources CrowdGather will provide, Mega Fame Casino & Slots™ currently has more than 23,000 daily active users and is projected to generate approximately $1.5 million in annualized revenues.
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects,”“will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; general economic, industry and market sector conditions; the ability to generate increased revenues from the Company’s forums and Plaor’s social casino; the ability to obtain additional financing; the ability to manage the Company’s growth; the ability to develop and market new technologies to respond to rapid technological changes; competitive factors in the market(s) in which the Company operates; and other events, factors and risks disclosed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.