SPYR Dividend Amounts to Free Money For Company's Shareholders

Ocean Springs, Mississippi, UNITED STATES

NEW YORK, NY--(Marketwired - April 18, 2017) - SPYR, Inc. (OTCQB: SPYR) announced that it will give all of its shareholders of record as of May 19, 2017, a dividend in the form of shares in what is to become a new and separate publicly traded company. SPYR will issue each of its shareholders an equal number of shares (1 for 1) in a new spin-off company, which SPYR is creating in order to divest itself from its restaurant division. So, if you own 1000 shares of SPYR on May 19th, you'll receive an additional 1000 shares of the newly formed spin-off company.

Basically, SPYR is rewarding its shareholders for their patience and loyalty to the company. Simply by being a shareholder of record of SPYR on May 19th, each shareholder will be rewarded with dividend shares. SPYR has stated that after it concludes the spin-off of the restaurant division, the newly formed company will file a registration statement with the Securities and Exchange Commission qualifying it as a separate publicly traded entity with a separate trading symbol.

What does this mean for investors? Well, before SPYR, Inc. ever existed, there was Eat at Joes, and it traded under the ticker symbol JOES. In the months leading up to the change in the company's business model, which eventually became SPYR, Inc., JOES was trading between .20-50/share.

If the new spin-off company falls into the same price per share range, then owning 20,000 shares of SPYR on May 19th would mean you'd own between $4,000 and $10,000 worth of the new company. If you own 50,000 shares of SPYR on May 19th, then, using the previously stated price per share, you'd own between $10,000 and $25,000 worth of the new company -- free money.

JOES back then was what this new spin-off company will become -- the restaurant division. SPYR recently stated that the spin-off company will focus on the licensing or possibly franchising of the Eat at Joe's® name and concept and will also include the manufacture and distribution of branded foods. The company said it plans to achieve its goals related to "branded foods" in part by acquiring companies with new and interesting food concepts.

The good news to investors who will be receiving the dividend is that just like SPYR trades as a low float stock, which moves very easily with the least bit of volume, the new spin-off company will also be a low float stock. And if SPYR has bigger plans for the new spin-off company, the market could certainly set the price per share much higher than the aforementioned examples.

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Stock Market Media Group is an exclusive publisher for news, updates, alerts and information on SPYR, Inc. ["SPYR"]. Our publications about SPYR are based solely upon SPYR's authorized press releases, and SPYR's legal disclosures made in SPYR's filings with the U.S. Securities and Exchange Commission. Before we publish any SPYR related content, our articles undergo compliance reviews and factual verifications, including written confirmation of the facts we publish from SPYR, and separately from SPYR's Legal Counsel for Securities and Regulatory compliance, Mailander Law Office, Inc.

Separate from the confirmed factual content of our articles about SPYR, we may from time to time include our own opinions about SPYR, its business, markets and opportunities. Any opinions we may offer about SPYR are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or construed or interpreted as research. Any investment decisions you may make concerning SPYR or any other securities are solely your responsibility based on your own due diligence. Our publications about SPYR are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the web site of the U.S. Securities and Exchange Commission at: www.sec.gov, where you can also find all of SPYR's filings and disclosures. We also recommend, as a general rule, that before investing in any securities you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks.

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Section 17(b) of the 1933 Securities and Exchange Act requires publishers who distribute information about publicly traded securities for compensation, to disclose who paid them, the amount, and the type of payment. In order to be in full compliance with the Securities Act of 1933, Section 17(b), we are disclosing that we entered into a contract with SPYR for one year on February 1, 2015. We agreed to publish articles, news, updates, alerts and information about SPYR, subject to SPYR's written confirmation of factual content, and the separate confirmation of factual content by SPYR's Legal Counsel for Securities and Regulatory Compliance. In exchange for our services, SPYR agreed to compensate us with a monthly fee of $5,000.00. Additionally, SPYR agreed to issue to us 250,000 shares of SPYR's Restricted Common Stock. Our rights to sell any of this Restricted Common Stock are subject to prior compliance with all U.S. Securities Laws, including but not limited to Rule 144. Further, our sale of any of the Restricted Common Stock is subject to a volume restriction providing that we may only sell 5,000 shares daily for every 250,000 shares of daily trading volume.

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