SPYR Inc (OTCMKTS:SPYR) Follows Up Recent Appointment

SPYR Inc (OTCMKTS:SPYR) provided a follow up announcement to its recent PR wherein it stated that Paul Thind will serve as MD of SPYR APPS, LLC. In the new PR, the new MD highlighted some of the strategic actions and goals that Mr. Thind plans to implement early in his tenure.

Mr. Thind has taken measures to create a core team of expert professionals in Marketing, Studio and Production and Business Intelligence. He formulated a team of related expert advisors to help with strategic plans of the Games Publishing Division. Also, the company sourced the first in the series of third party mobile games to be published under SPYR label.

In last trading session, the stock price of SPYR dropped more than 4% to close at $0.240. The company has reported key announcements in last few months regarding its interest in the digital advertising and publishing segment.

Wowo Ltd – ADR (NASDAQ:WOWO) disclosed that it will divest a part of its business, the group buying and non-foodservice businesses so as to come in the list of largest internet foodservice platform in Chinese market. It will help them to streamline business operations and enhance profitability in coming period. As a leader entity of the O2O local lifestyle operations, Wowo manages an e-commerce system.

In order to rightly apportion its resources to develop foodservice internet platform, Wowo took the divestment decision of the group buying business. The company evaluated many benefits of this deal for company’s shareholders, and it was after thorough assessment the board approved the decision of divestment. Wowo finalized a definitive contract with a third party related to the equity interest sale in subsidiary firm Wowo Group Limited.

On Wednesday, the stock price of Wowo declined 0.12% to close the trading session at $8.25. The decline came at a share volume of 8,521 compared to average monthly share volume of 55,569.

MeetMe Inc (NASDAQ:MEET) reported that its popular social meeting app can be downloaded by Android users from the Amazon Appstore.

About the Author

Erica is a graduate of New York University's school of Journalism. She joined US Markets Daily as a general assignment reporter in January of 2008.

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