TULSA, OK--(Marketwired - Jun 13, 2017) - AppSwarm, Corp (
Ronald Brewer, CEO of AppSwarm, Inc. stated, "With a keen focus on VR and AR we thought it opportunistic to acquire such a refined and graphics intense virtual reality experience. Komandir in Russian means commander. The commander of the platoon is the only survivor, who is trying to break through an ambush, shoot enemies, explode tanks and experience a full battle scene. Since VR is such a hot commodity, and just in its infant stages, we will be charging for the game as one of our revenue sources. This is a testament to just how quickly gamers are moving to VR and are willing to pay for their experience."
In a new Virtual Reality Industry Report, Greenlight Insights forecasts continued VR industry growth in the short term, with annual accelerated growth creating a major global content marketplace by 2021. In its new Virtual Reality Industry Report: Spring 2017, Greenlight Insights forecasts total virtual reality revenues to reach $7.2 billion globally by the end of 2017, of which, head-mounted displays (HMDs) will account for $4.7 billion.
Anticipating continuing growth in the short term, Greenlight Insights expects the VR industry to grow into a major global marketplace by 2021, reaching $74.8 billion in global revenues, driven in part by the increased spending in several enterprise sectors and in location-based entertainment (LBE) industry. Source ~ Road To VR
AppSwarm, Inc. is a technology development and incubation company focused in accelerating the development of mobile applications and technology, fast-tracking product to market. AppSwarm partners with application developers through joint ventures, royalty agreements, marketing partnerships, and outright purchase agreements.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company's filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.