Thursday, January 15, 2015

Pocket Games, Inc. (PKGM) Prepares for Launch of First Video Game Title

Something new in gaming is coming. Self-described ‘new kid on the block’, Pocket Games is working to revitalize the gaming experience for users and bring transformational games to the video game space. The company has, thus far, served as a developmental-stage company focused on developing and selling games for mobile devices, tablets and computers. While intentions have previously been announced for titles including Pocket Football, a multiplayer game based on American football, and SH3G, a mobile title planned for Apple and Android platforms, the company’s initial offering, Idol Hands, is approaching its highly anticipated debut. Since announcing completion of the title in early November, the company has entered into a whirlwind of action on both the gaming development and acquisition fronts.

In November 2014, Pocket Games announced that it had completed negotiations with a leading game publisher, later revealed to be UK-based Green Man Gaming, to publish its Idol Hands title for the PC gaming platform. After originally beginning development in partnership with Intel™ with a distribution deal as an OEM title with Creative Labs™, the company signed a contract to acquire exclusive rights to the game in early 2014 before spending the majority of the calendar year upgrading the title for improved gameplay and interaction. Early estimates by the publisher and company have projected over $1 million in sales based on current PC gaming trends. The company’s publishing agreement provides the opportunity to obtain financing for project completion, access to the publisher’s established sales and marketing team and the chance to test the title in beta. Pocket Games has also announced tentative plans for a mobile release of Idol Hands by summer 2015.

In December 2014, the company signed a letter of intent to acquire an unspecified games development and testing company with a solid team and healthy client base that is established within the billion dollar video games testing market. CEO of Pocket Games, Inc., David Lovatt, noted the additional depth of experience that the acquisition brings to the company. “Moreover,” he noted, “their extensive development experience will bring costs down on future development of the Idol Hands Franchise, as well as opening up opportunities in the mobile space for Pocket Games.”

Since its formation in 2013, Pocket Games has developed games for third parties and acquired video game IP for various aspects of their development processes. The company is currently evaluating strategies before deciding between continuing to market through third party publishers in the future and moving into self-publication. The company’s first gaming title, Idol Hands, is currently scheduled for release later this month.

For more information, visit www.pocketgamesinc.com

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