Tapinator, Inc. (OTCQB:TAPM)

New York, NY – March 30, 2021 – Tapinator, Inc. (OTCPK: TAPM) (“Tapinator,” the “Company,” “we,” “our” or “us”), a developer and publisher of category leading games for mobile platforms, is pleased to announce that it is in development on NFT500, a subscription casting service and collection platform focused on blue chip NFTs. The term “casting” refers to displaying digital art, in the form of NFTs, on a physical display. In addition, the platform may allow subscribers and other stakeholders to participate in the potential appreciation of the NFTs.  The service is expected to launch this Summer, with a preview companion mobile app planned for later this Spring. Consumers may sign up for the service at nft500.com.

We expect NFT500 will represent a premier collection of blue chip NFTs from top digital and traditional artists from around the world.  While still nascent, we have already begun to build this collection and we expect to accelerate these ongoing efforts in the coming months and years.  Initially, we plan to launch a mobile application that will provide discovery access to the NFT500 collection.  This will be followed by the NFT500 service that will provide customizable access to the collection through an exclusive subscription casting service.  We are taking a unique, artist-centric and long-term approach to this exciting new asset class.  Data science and proprietary relationships will drive our art acquisition strategy.  We will be commissioning NFTs directly from artists, in addition to working with forward thinking galleries and auction platforms.

The NFT500 service will offer a unique pricing and scarcity structure that will include a generous downstream royalty system for participating artists.  We are also exploring the possibility of including both our casting and artist communities in any potential long-term capital appreciation from the collection through the recently minted $NFT500 Token, although we cannot guarantee that any appreciation will occur.

Ilya Nikolayev, CEO of Tapinator, commented, “When we look out several years, we envision consumers with screens in their homes displaying NFT based digital art.  We expect that a substantial majority of these consumers will choose not to spend tens or hundreds of thousands of dollars on NFT collections, but rather will utilize our NFT based subscription service to cast pieces from our collection onto their wall. In addition to enjoying pieces from our collection, subscribers may, through the $NFT500 Token, simultaneously have the ability to participate in the potential appreciation of the underlying collection of blue chip NFTs that comprise the NFT500.  We look forward to providing more information about this new casting service and collection platform in coming months as we approach the launch.”

About Tapinator

Tapinator Inc. (OTC: TAPM) develops and publishes category leading games for mobile platforms. Tapinator’s library includes more than 300 titles that, collectively, have achieved over 500 million mobile downloads, including notable properties such as Video Poker Classic and Solitaire Derby. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Through its Revolution Blockchain subsidiary, which was established in 2018, the Company is also investing in the non-fungible token (“NFT”) economy as it relates to gaming, art & collectibles. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America and Europe. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Background on Tapinator’s NFT Initiatives

As background, in January 2018, we concluded there was a significant future market opportunity for NFTs as it related to gaming, art and collectibles.  In February 2018, Tapinator announced the beta launch of BitPainting, a digital platform for collecting iconic art on the blockchain, and one of the very first NFT marketplaces.  The application was built on the Ethereum Platform and relies on our proprietary smART contracts.   At the time, we communicated our belief “that the $45 billion art market was ripe for disruption by blockchain technology through crypto-collectibles (e.g. NFTs) which will drive art sales via digital scarcity and will democratize fine art investment.”

In March of 2018 and in conjunction with Mego Games, we launched Darkwinds, an online fantasy based trading card game. We announced that a “feature of Darkwinds, as compared to other on-line card games, is that it runs on top of the Ethereum network. More specifically, all Darkwinds cards are non-fungible tokens (NFTs) or crypto-collectibles, a new standard for virtual objects where players have perpetual rights to sell, trade and give away their items, both within and outside of the game’s ecosystem.” Today, the game’s cards continue to be available to trade on third party NFT platforms such as OpenSea.

When we initiated these pioneering efforts, we recognized that the NFT market was in its infancy. We were extremely proud of the high quality of both of these products and that they were brought to market both cost-effectively and on schedule. Despite the quality of these applications, however, we were disappointed by the relatively small market size for both products at the time and the regulatory uncertainty surrounding crypto collectibles. Based on our experience with these initial launches, we concluded that the addressable market in 2018 was too nascent to generate significant near-term value for our shareholders.

On March 15, 2021, we publicly announced the following: “Today, we believe that the market for NFTs has finally arrived, despite the fact that we are still in the very early stages of the market’s development.  The recent $69 million record Beeple digital art sale at Christie’s and the $200+ million in sales to date of NBA Topshots digital moments are just two data points representing this exciting new era and opportunity for blockchain based digital art and branded collectibles.  While BitPainting was too early to market in 2018, we are confident that our vision was accurate.  Furthermore, the expertise that Tapinator acquired while building the application, as well as our study of the market for the past three years, are valuable assets that we are now leveraging as we develop a new NFT platform which we expect to announce later this month.”  Ilya Nikolayev, CEO of Tapinator, commented, “Current NFT marketplaces are extremely cluttered. For example, OpenSea indicates that it lists over 4 million items on its platform. We do not believe that another uncurated, NFT emporium is the future.  We do, however, believe there is significant opportunity within certain other areas of the NFT market. More specifically, we believe that the ability to offer curation and democratization of NFTs will provide significant utility to NFT consumers and can create significant shareholder value. We plan on announcing our upcoming NFT platform within the next several weeks via a landing page that will provide an overview of our upcoming product and allow visitors to request an invitation to join. We believe that we were one of the first and currently few public companies to operate within the NFT space and, accordingly, we are pleased to communicate our ongoing progress in this area to our growing shareholder base during these most exciting times. Although we cannot guarantee that our NFT initiatives will result in material monetization for Tapinator, we are excited to soon announce a platform that, we believe, reflects the need for curation and democratization within the space.”

Forward Looking Statements

To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “goal,” “seek,” “plan,” “feel,” “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “target,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements include, among other things, our expectation that NFT500 will launch this Summer with a preview companion mobile app planned for later this Spring, our expectation NFT500 will represent a premier collection of blue chip NFTs from top digital and traditional artists from around the world, our plan to launch a mobile application that will provide discovery access to the NFT500 collection to be followed by the NFT500 service that will provide customizable access to the collection through an exclusive subscription casting service, our expectation that both our casting and artist communities may participate in any potential long-term capital appreciation from the collection through the recently minted $NFT500 Token, our vision that in several years consumers with screens in their homes will be displaying NFT based digital art, our expectation that a substantial majority of these consumers will choose not to spend tens or hundreds of thousands of dollars on NFT collections but rather will utilize our NFT based subscription service to cast pieces from our collection onto their wall, our belief that the NFT market has finally arrived, our belief that BitPainting was too early to market in 2018 and our belief that our vision for the NFT market was accurate, our belief that there is significant opportunity within certain other areas of the NFT market, our belief that the ability to offer curation and democratization of NFTs will provide significant utility to NFT consumers and can create significant shareholder value, our belief that we were one of the first and currently few public companies to operate within the NFT space and our belief in our ongoing progress in the NFT area. Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Except as required by law, Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Marketplace is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Marketplace is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on a national securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company’s Supplemental Information Report as filed with the OTC Markets on March 16, 2020 and as updated from time to time.

This press release does not constitute an offer to sell or an offer to buy any shares of Tapinator’s equity securities.

CONTACT:

Tapinator Investor Relations

https://ir.tapinator.com/

investor.relations@tapinator.com

(914) 930-6232

SOURCE:  Tapinator

– Revenues Increase 18% to $4.5 Million; Bookings^* Increase 32% to $4.4 Million 

– Adjusted EBITDA^* Increases 479% to $1.0 Million 

– Adjusted EBITDA^* Margin Climbs to 23%

New York, NY – February 11, 2021 – Tapinator, Inc. (OTCPK: TAPM) (“Tapinator,” the “Company,” “we,” “our” or “us”), a developer and publisher of category leading games for mobile platforms, today announced unaudited financial results for the period ended December 31, 2020, and the filing of its annual report for the years ended December 31, 2020 and 2019.  The annual report and financial statements may be found at http://www.otcmarkets.com/stock/TAPM/disclosure.  The results provided below replace, in its entirety, any guidance or projections previously issued by the Company.

For the year ended December 31, 2020, Tapinator achieved record revenue of approximately $4.5 million, record bookings^* of approximately $4.4 million, net loss of approximately $548,000, and record adjusted EBITDA^* of approximately $1.0 million.  The Company’s revenue, bookings^* and adjusted EBITDA^* represent year-over-year improvements of 18%, 32% and 479%, respectively.

For the quarter ended December 31, 2020, Tapinator achieved revenue of approximately $1.2 million, bookings^* of approximately $1.1 million, net loss of approximately $416,000 and adjusted EBITDA^* of approximately $335,000. The Company’s quarterly revenue and bookings^* represent year-over-year changes of 55% and 35%, respectively.

^*A table has been included in this press release with non-GAAP adjustments to the Company’s revenue resulting in bookings (a non-GAAP measure) and non-GAAP adjustments to the Company’s net loss, resulting in adjusted EBITDA (a non-GAAP measure) for the relevant periods.

Financial Highlights

Ilya Nikolayev, CEO of Tapinator commented, “We had a very strong year in 2020. We continued to invest in our social casino games by both building new features and, in particular, expanding our Live Operations systems to drive increases in engagement and monetization. These systems are currently in place within Video Poker Classic and will make their way to our recently launched social casino game, Lucky Lotto, as well as our future titles. We see 2021 as characterized by the following:

• Ongoing investment in Video Poker Classic as we further scale the property based on increasing marketing spend
• Leveraging our Live Operations and social casino expertise to grow other social casino properties, with a current focus on our social lottery product, Lucky Lotto
• Launching several new games, the first of which will be an idle resource management title that is a follow up to Crypto Trillionaire which we expect to launch in Q2 of this year.

Overall, we are more excited about the business now than we have ever been. Our existing games are performing well, we have built out a strong foundation in terms of Live Operations and feature systems that will be used across our key products, and we have a strong product pipeline of new games for 2021. We continue to believe that Tapinator is fundamentally and deeply undervalued and we have our heads down working diligently on behalf of all of our shareholders to grow and unlock this value in 2021 and beyond.”

Andrew Merkatz, President of Tapinator, also commented on the Company’s results, “We are extremely proud of the following operating accomplishments in 2020:

• We achieved record annual revenue of approximately $4.5mm, representing annual growth of 18% year-over-year
• We reported record annual Bookings^* of approximately $4.4mm, representing annual growth of 32%
• We reported annual Bookings^* growth within our core Category Leading Games Business of 51%
• Through a combination of top line growth and aggressive cost control, we reduced our net loss from approximately to $2.4mm in 2019 to approximately $500k in 2020
• We reported record annual adjusted EBITDA^* of approximately $1.0mm, representing annual growth of 479%
• Our annual adjusted EBITDA^* margin climbed to 23% in 2020, up from 5% in the previous year
• We paid off our accounts receivable based line of credit in full during the third quarter
• We finished 2020 with a strong and focused pipeline of new games to enter the market in 2021. We believe this pipeline represents valuable  future opportunity for our shareholders given the Company’s significant operating leverage

2020 was a tumultuous year as the COVID-19 pandemic affected businesses globally. Owing to our high preparedness for remote work, we were able to continue to operate throughout the pandemic with minimal disruption.  While the outbreak of the COVID-19 pandemic has negatively impacted most parts of the economy, the mobile gaming industry has been one of the few bright spots. Following initial governmental stay-at-home orders, consumer participation and engagement trends spiked, yielding significant growth in game downloads, engagement and revenue.  The rise in at-home entertainment has provided strong tailwinds to both Tapinator and the industry as a whole. Although the initial spike in engagement during the second quarter of 2020 has slowed, consumers are still engaging with mobile games more than pre-pandemic levels, which we believe indicates that a significant portion of revenue growth and engagement will be long-lasting.  We believe Tapinator stands to benefit from these longer term secular trends. As a seasoned operator within the massive and lucrative market for mobile gaming, we believe we are well positioned to continue to deliver strong growth and product leadership in the coming years.”

Current Outlook

We continue to have conviction regarding our Category Leading Games business, and specifically our focus on social casino games.  While we are not providing financial guidance at this time, we believe we are well positioned to deliver another year of strong company-wide revenue and bookings growth and solid adjusted EBITDA margins.

*Non-GAAP Financial Measures

We have provided in this release the non-GAAP financial measures of Bookings and adjusted EBITDA, as a supplement to the measures of Revenue and Operating Income, which are prepared in accordance with United States generally accepted accounting principles (“GAAP”). Management uses Bookings and adjusted EBITDA internally in analyzing our financial results to assess operational performance and liquidity. The presentation of Bookings and adjusted EBITDA is not intended to be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. We believe that both management and investors benefit from referring to Bookings and adjusted EBITDA in assessing our performance and when planning, forecasting and analyzing future periods. We believe Bookings and adjusted EBITDA are useful to investors because it allows for greater transparency with respect to key financial metrics we use in making operating decisions and because our investors and analysts use them to help assess the health of our business. Below, we have provided reconciliations between our historical and projected Bookings and adjusted EBITDA to the most directly comparable GAAP financial measures below.  Some limitations of Bookings and adjusted EBITDA are as follows:

• Bookings does not reflect that we defer and recognize online game revenue over the estimated life of durable virtual goods;
• Adjusted EBITDA does not include the impact of stock-based expense, impairment of previously capitalized software or intangible assets previously acquired, acquisition-related transaction expenses, one-time financing expenses, contingent consideration fair value adjustments, share settlement expense and restructuring expense;
• Adjusted EBITDA does not reflect income tax expense;
• Adjusted EBITDA does not include other income or expense, which includes foreign exchange gains and losses and interest income or expense;
• Adjusted EBITDA excludes depreciation and amortization of intangible assets and impairment of capitalized software.  Although depreciation and amortization and impairment of capitalized software are non-cash charges, the assets being depreciated and amortized or impaired may have to be replaced in the future; and
• Other companies, including companies in our industry, may calculate adjusted EBITDA differently or not at all, which will reduce their usefulness as a comparative measure.

Because of these limitations, you should consider Bookings and adjusted EBITDA along with other financial performance measures, including Revenue, Net Income (Loss), Diluted Net Income (Loss) Per Share, Cash Flow from Operations, Operating Income (Loss) and our other financial results presented in accordance with GAAP.

Reconciliation of GAAP to Non-GAAP Results

About Tapinator

Tapinator Inc. (OTC: TAPM) develops and publishes category leading games for mobile platforms, with a focus on the social casino genre. Tapinator’s library includes more than 300 titles that, collectively, have achieved over 500 million mobile downloads, including notable properties such as Video Poker Classic and Solitaire Derby. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America and Europe. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Forward Looking Statements

To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “goal,” “seek,” “plan,” “feel,” “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “target,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements include, among other things, our expectation that we will launch an idle resource management title as a follow up to Crypto Trillionaire in Q2 of this year, our belief that our 2021 pipeline of new games represents valuable  future opportunity for our shareholders given the Company’s significant operating leverage, our belief that a significant portion of revenue growth and engagement will be long-lasting after the COVID-19 pandemic and our related belief that we will continue to benefit from these secular trends, our belief we are well positioned to continue to deliver strong growth and product leadership in the coming years and our belief we are well positioned to deliver another year of strong company-wide revenue and bookings growth and solid adjusted EBITDA margins. Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Except as required by law, Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Marketplace is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Marketplace is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on a national securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company’s Supplemental Information Report as filed with the OTC Markets on March 16, 2020 and as updated from time to time.

CONTACT:

Tapinator Investor Relations

investor.relations@tapinator.com

914.930.6232

SOURCE:  Tapinator

• Highest Quarterly Bookings,^* Adjusted EBITDA^* and Earnings Performances in Tapinator History
• Bookings^* Increase 60% Year-Over-Year to $1.3mm
• Company Records Q2 Net Income of $64,000 and Earnings Per Share of $0.12
• Adjusted EBITDA Increases 7% Year-Over-Year to $314k

New York, NY – August 10, 2020 – Tapinator, Inc. (OTCPK: TAPM) (“Tapinator,” the “Company,” “we,” “our” or “us”), a developer and publisher of category leading apps for mobile platforms, today announced unaudited financial results for the three and six months ended June 30, 2020 and 2019, and the filing of its quarterly report for the period ended June 30, 2020.  The quarterly report and financial statements may be found at http://www.otcmarkets.com/stock/TAPM/disclosure.  The results provided below replace, in its entirety, any guidance or projections previously issued by the Company.

For the three months ended June 30, 2020, Tapinator achieved revenue of approximately $1,174,000, bookings^* of approximately $1,258,000, net income of approximately $64,000, and adjusted EBITDA^* of approximately $313,000.  The Company’s revenue, bookings^* and adjusted EBITDA^* represent year-over-year changes of (13%), 60% and 7%, respectively.

For the six months ended June 30, 2020, Tapinator achieved revenue of approximately $2,088,000, bookings^* of approximately $2,235,000, net loss of approximately $204,000, and adjusted EBITDA^* of approximately $403,000.  The Company’s revenue, bookings^* and adjusted EBITDA^* represent year-over-year changes of (3%), 28% and 78%, respectively.

^*A table has been included in this press release with non-GAAP adjustments to the Company’s revenue resulting in bookings (a non-GAAP measure) and non-GAAP adjustments to the Company’s net income (loss), resulting in positive adjusted EBITDA (a non-GAAP measure) for the relevant periods.

Financial Highlights

Andrew Merkatz, President & CFO of Tapinator, commented on the Company’s results, “We are very pleased with the following accomplishments during the second quarter of 2020:

• We delivered our best bookings, net income, earnings per share, and adjusted EBITDA in Tapinator history, driven by our LiveOps which performed well throughout the quarter.
• We reported quarterly bookings^* of approximately $1.3mm, representing year-over-year growth of 60%.
• We reported, within our core Category Leading Apps business, quarterly bookings^* of approximately $1.0mm, representing year-over-year growth of 74%.
• We continued the significant cost control measures that we implemented in the first quarter of this year. These measures contributed to our achievement of quarterly net income of approximately $64,000 and adjusted EBITDA^* of approximately $313,000, which compare, respectively, to a net loss of approximately ($265,000) and adjusted EBITDA^* of approximately $293,000 recorded in Q2 2019.
• We achieved adjusted EBITDA margin of 27% during the quarter, performance that we believe is indicative of the strong operating leverage inherent in our business.

The mobile game industry is expected to generate $100 billion in revenue in 2020, up from $86 billion in 2019, according to App Annie, the mobile data and analytics researcher.  Based on the report, games are now 72% of all spending in the app stores. Mobile games saw 25% more spending than all other games combined in 2019. Mobile game spending was 2.4 times the spending for PC and Mac games, and 2.9 times spending for home game consoles in 2019.  The growth rate of the social casino market, the subset of the market that Tapinator focuses on, is estimated at 5% over the next four years and is projected to reach $6.8 billion by 2023, according to market research firm Eilers & Krejcik. Tapinator has become a seasoned operator in this massive and lucrative market, and we believe we are well positioned to continue to deliver strong growth and product leadership in the coming years.”

Ilya Nikolayev, CEO of Tapinator also commented, “We are proud of Video Poker Classic and remain confident in the game’s status as the best-in-class video poker product on mobile, from both a feature and quality perspective. We continue to enhance the game and, in Q2, we introduced Daily Goals and Rewards, a Stamp Card (Loyalty) System, Player Statistics and other features. Also, we launched additional LiveOps events and IAP offers, which we will continue to do on an ongoing basis. Later this quarter, we will be introducing a Tournaments feature, which we are very excited about. Every week, we will run two Tournaments, each for a different variant of video poker, and will reward virtual currency prizes to top leaderboard players. This feature is grounded in video poker tournaments that occur in a real money setting and, we believe, will be well received by both serious and casual players alike. Events are a proven mechanism to increase engagement and monetization within top grossing games and, we believe, will contribute meaningfully to an uptick in DAUs for Video Poker Classic.

Outside of Video Poker Classic, we would like to provide an update on two other products: SPEED – Heads Up Solitaire and our upcoming new social casino product. SPEED launched at the end of April, was featured by Apple and was well received by players with a 4.5 out of 5.0 review score. However, we believe that we need to achieve higher player lifetime values in order to scale the product from a paid marketing perspective. With the next version of the game, launched late last week, we have introduced in-depth systems for Chests, Premium Items, and a Secondary Currency. Collectively, we believe this will improve the game’s ARPDAU and will allow us to bring more players into the game via paid marketing.

Finally, we will launch a new social casino product later this year. This product follows our overall thesis of targeting areas of the social casino space that are evergreen and proven outside of mobile yet are underrepresented within the major mobile platforms. This product targets an audience with similarities to our Video Poker Classic demographic and, accordingly, we believe that there will be cross promotion opportunities with our existing high-value userbase.”

Current Outlook

It is too early to quantify and distinguish the long-term impact of the coronavirus pandemic for our business.  In our games, we saw an increase in the number of downloads as well as user engagement and also saw an uptick in revenues in March and April.  Despite this uptick, we believe the pandemic creates significant uncertainty regarding the longer term impact on consumer and advertising spending within mobile apps.  Despite this uncertainty, we continue to have strong conviction regarding our Category Leading Apps business, and specifically our focus on social casino games. The strategic changes we implemented in 2017-2018, shifting from Rapid-Launch Games to Category Leading Apps, and the initiatives we began in 2019 to focus on LiveOps both continue to pay off. We have also seen positive results from the cost containment measures that we undertook during the first quarter of 2020 that we believe will continue to yield improved operating results moving forward.

While we are not providing financial guidance at this time, we continue to believe we are well positioned to again deliver strong company-wide revenue and bookings growth in 2020. We also anticipate recording significantly improved adjusted EBITDA and significantly narrowed net loss in 2020 as compared to 2019.   Based on the Company’s strong financial performance over the past two quarters, the repeatable nature of the Company’s Category-Leading App revenues, its strong product portfolio, its significant operating leverage, and its attractive market positioning at the intersection of mobile entertainment and online casino style gaming, we continue to believe Tapinator is currently fundamentally and deeply undervalued.  The Company’s management and independent board of directors remain committed to working diligently and prudently on behalf of all of its shareholders to both grow and unlock this value in the second half of 2020 and beyond.

*Non-GAAP Financial Measures

We have provided in this release the non-GAAP financial measures of bookings and adjusted EBITDA, as a supplement to the measures of Revenue and Operating Income, which are prepared in accordance with United States generally accepted accounting principles (“GAAP”). Management uses bookings and adjusted EBITDA internally in analyzing our financial results to assess operational performance. The presentation of bookings and adjusted EBITDA is not intended to be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. We believe that both management and investors benefit from referring to adjusted revenue, bookings and adjusted EBITDA in assessing our performance and when planning, forecasting and analyzing future periods.

We believe bookings and adjusted EBITDA are useful to investors and analysts because it allows for greater transparency with respect to key financial metrics we use in making operating decisions and allows comparability to other businesses within the mobile gaming sector. Below, we have provided reconciliations between our historical bookings and adjusted EBITDA to the most directly comparable GAAP financial measures below.  Some limitations of bookings and adjusted EBITDA are as follows:

• Bookings does not reflect that we defer and recognize online game revenue over the estimated life of our durable virtual goods;
• Adjusted EBITDA does not include the impact of stock-based expense, impairment of previously capitalized software or intangible assets previously acquired, acquisition-related transaction expenses, one-time financing expenses, contingent consideration fair value adjustments and restructuring expense;
• Adjusted EBITDA does not reflect income tax expense;
• Adjusted EBITDA does not include other income or expense, which includes foreign exchange gains and losses and interest income or expense;
• Adjusted EBITDA excludes depreciation and amortization of intangible assets and impairment of capitalized software.  Although depreciation and amortization and impairment of capitalized software are non-cash charges, the assets being depreciated and amortized or impaired may have to be replaced in the future; and
• Other companies, including companies in our industry, may calculate adjusted EBITDA differently or not at all, which will reduce their usefulness as a comparative measure.

Because of these limitations, you should consider bookings and adjusted EBITDA along with other financial performance measures, including Revenue, Net Income (Loss), Diluted Net Income (Loss) Per Share, Cash Flow from Operations, Operating Income (Loss) and our other financial results presented in accordance with GAAP.

Reconciliation of GAAP to Non-GAAP Results

About Tapinator

Tapinator Inc. (OTC: TAPM) develops and publishes category leading apps for mobile platforms, with a focus on social casino games. Tapinator’s library includes more than 300 titles that, collectively, have achieved over 500 million mobile downloads, including notable properties such as Video Poker Classic and Solitaire Derby. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America, Europe and Asia. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Forward Looking Statements

To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “goal,” “plan,” “feel,” “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “target,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements include, among other things, our belief we are well positioned to continue to deliver strong growth and product leadership in the coming years, our belief that the new Tournaments feature of Video Poker Classic will be well received by both serious and casual players and that it will contribute meaningfully to an uptick in DAUs for Video Poker Classic, our belief that the next version of SPEED – Heads Up will improve the game’s ARPDAU and will allow us to bring more players into the game via paid marketing, our belief that our to be launched social casino product will benefit from cross promotion opportunities with our existing high-value userbase, our belief that we will continue to yield improved operating results, our belief we are well positioned to again deliver strong company-wide revenue and bookings growth in 2020, our anticipation that we will record significantly improved adjusted EBITDA and significantly narrowed net loss in 2020 as compared to 2019 and our belief that we are currently fundamentally and deeply undervalued. Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Except as required by law, Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Marketplace is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Marketplace is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on a national securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company’s Supplemental Information Report filed with the OTC Markets as provided here: https://backend.otcmarkets.com/otcapi/company/financial-report/241817/content.

CONTACT:

Tapinator Investor Relations

investor.relations@tapinator.com

914.930.6232

SOURCE:  Tapinator

Company Launches New Version of Video Poker Classic

New York, NY – December 12, 2019 – Tapinator, Inc. (“Tapinator,” the “Company,” “we,” “our” or “us”) (OTCQB: TAPM), a developer and publisher of category leading apps for mobile platforms, with a focus on social casino games, today announced that it has released a new version of its flagship mobile video poker game, Video Poker Classic.  In addition, the Company recently recorded a significant milestone of surpassing 500 million cumulative player downloads across its entire game portfolio.

Video Poker Classic is a leading mobile video poker game across iOS and Google Play platforms. On iOS alone, the game as achieved a 4.7 out of 5.0 review score based on over 38,000 player reviews. This most recent version of the game introduces significant improvements, both from a player and backend perspective.

For players, we have introduced a Progressive Mega Jackpot that creates linkage between bets across all devices and awards a royal flush hand with a special Progressive Mega Jackpot, a feature we believe is not currently available in any other mobile video poker game. From a backend perspective, we continue to improve our live operations capabilities and are now able to segment players into groups based on various criteria and target each group with unique offers and re-engagement incentives. Over time, we expect that enhancements in our live operations capabilities will have a significant positive impact on both daily active users and average revenue per daily active user for all of our Category Leading Apps.

“The recent update to Video Poker Classic is an important one. With millions of Video Poker Classic hands being played every day, we are excited to report that we are seeing many Progressive Jackpot winners on a daily basis. Also, we are pleased to communicate that we have now exceeded 500 million cumulative player downloads of our games since Tapinator was founded just six years ago. We are proud to join an elite group of companies that have exceeded the 500 million player download mark,” stated Ilya Nikolayev, Tapinator’s Chief Executive Officer.

About Tapinator

Tapinator Inc. (OTCQB: TAPM) develops and publishes category leading apps for mobile platforms, with a focus on social casino games. Tapinator’s library includes more than 300 titles that, collectively, have achieved over 500 million mobile downloads, including notable properties such as Video Poker Classic and Solitaire Dash. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America, Europe and Asia. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Forward Looking Statements

To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “goal,” “plan,” “feel,” “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “target,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements include, among other things, our expectation that our recent live operations improvements will have a significant positive impact on both daily active users and average revenue per daily active user for all of our Category Leading Apps. Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Except as required by law, Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Marketplace is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Marketplace is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on a national securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 and its Quarterly Reports on Form 10-Q, including but not limited to the discussion under “Risk Factors” therein, which the Company filed with the SEC and may be viewed at http://www.sec.gov.

CONTACT:

Tapinator Investor Relations

investor.relations@tapinator.com

914.930.6232

SOURCE:  Tapinator, Inc.

New York, NY – December. 2, 2019 – Tapinator, Inc. (“Tapinator,” the “Company,” “we,” “our” or “us”) (OTCQB: TAPM), a developer and publisher of category leading apps for mobile platforms, with a focus on social casino games, today announced that our Board of Directors has appointed Spencer G. Feldman and Desmond Glass to the Company’s Board of Directors.   Both Messrs. Feldman and Glass qualify as “independent” directors under the rules and regulations of the Nasdaq Stock Market and the Securities and Exchange Commission.

Mr. Feldman is a partner in the New York City law firm of Olshan Frome Wolosky LLP, where he has been a member of its corporate and securities group since September 2013. He was previously a principal shareholder in the law firm Greenberg Traurig LLP, practicing in its corporate and securities department, which he joined in 1993. Mr. Feldman has more than 30 years of experience practicing corporate and securities law and concentrates his practice in the areas of initial public offerings, secondary offerings, shelf takedowns, PIPEs and other private financings, and mergers & acquisitions with public companies, with an emphasis on representing computer, Internet, media and other technology-driven companies.

The Company intends to appoint Mr. Glass to be Chairman of its Audit Committee and as a member of its Compensation Committee and Nominating and Corporate Governance Committee.

Since November 2017, Mr. Glass has served as Group Chief Financial Officer and company Secretary at RWS Holdings PLC (RWS.L), an AIM-listed multinational language and professional services provider, where he is responsible for shaping and executing upon the financial strategy of the business. From April 2008 until October 2017, Mr. Glass served as the Chief Financial Officer of GAN PLC, a provider of enterprise online gaming software, operational support services and online game content development services to the casino industry. Mr. Glass is a dynamic and hands-on Chief Financial Officer, with proven international leadership experience gained in both public and private venture backed companies, who brings a rare blend of strategic and commercial acumen coupled with a pragmatic and open leadership style. Prior to his time at RWS Holdings PLC and GAN PLC, Mr. Glass held positions at Evexar Limited, Rodale International Limited, ABC Inc., and Deloitte, among others. Mr. Glass received his Bachelor of Commerce from University College Dublin, his ACA from the Institute of Chartered Accountants in Ireland, and his MBA from Imperial College London.

Ilya Nikolayev, Tapinator’s Chairman and Chief Executive Officer, stated, “We are thrilled to welcome both Spencer and Desmond to Tapinator’s Board of Directors.  They are seasoned professionals who each bring unique and complementary skill sets to the Company.   As we work toward our goal of achieving an exchange listing in 2020, we are committed to continuously improving our corporate governance, and enhancing Tapinator’s team via select additions of high-caliber individuals such as Messrs. Feldman and Glass.”

About Tapinator
Tapinator Inc. (OTCQB: TAPM) develops and publishes category leading apps for mobile platforms, with a focus on social casino games. Tapinator’s library includes more than 300 titles that, collectively, have achieved over 495 million mobile downloads, including notable properties such as Video Poker Classic and Solitaire Dash. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America, Europe and Asia. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Forward Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “goal,” “plan,” “feel,” “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “target,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements include, among other things, our goal of achieving an exchange listing in 2020.  Forward-looking statements are subject to risks and uncertainties that could cause our future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Except as required by law, Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Marketplace is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Marketplace is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on a national securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 and its Quarterly Reports on Form 10-Q, including but not limited to the discussion under “Risk Factors” therein, which the Company filed with the SEC and may be viewed at http://www.sec.gov.

SOURCE Tapinator

— Revenue year-to-date grew 29% year-over-year to $3.0mm

— Bookings year-to-date decreased 5% year-over-year to $2.5mm

— Adjusted bookings year-to-date grew 16% year-over-year to $2.5mm

— Adjusted Category Leading Apps bookings year-to-date grew 108% year-over-year to $1.7mm

— Net loss year-to-date decreased 28% year-over-year to $1.5mm

— Adjusted EBITDA year-to-date increased 50% year-over-year to $213k

• Revenue grew 83% year-over-year to $1.3mm
• Category Leading Apps Revenue grew 282% year-over-year to $1.1mm
• Bookings grew 9% year-over-year to $967k
• Category Leading Apps Bookings grew 101% year-over-year to $566k
• Net loss decreased 52% year-over-year to $265k
• Adjusted EBITDA increased 2,781% year-over-year to $293k

New York, NY – August 13, 2019 – Tapinator, Inc. (OTCQB: TAPM), a developer and publisher of category leading apps for mobile platforms, with a significant emphasis on social casino games, today announced financial results for the three and six months ended June 30, 2019, and the filing of its quarterly report on Form 10-Q for the period ended June 30, 2019.  The quarterly report may be found at http://www.sec.gov.  The results provided below replaces, in their entirety, any guidance or projections previously issued by the Company.

Ilya Nikolayev, Tapinator’s Chief Executive Officer, stated, “The Company had a very strong second quarter with solid company-wide Bookings growth led by our social-casino focused, Category Leading Apps. We now have a solid base of these products from which we plan to continue to expand via our strategy of developing select, best-in-class mobile software applications with a clear focus on the social-casino genre.”

First Quarter 2019 Financial Highlights (unaudited):

*A table has been included later in this press release with non-GAAP adjustments to the Company’s revenue resulting in Bookings (a non-GAAP measure) and non-GAAP adjustments to the Company’s net loss, resulting in adjusted EBITDA (a non-GAAP measure) for the relevant periods.

Andrew Merkatz, President and Chief Financial Officer of Tapinator commented on the Company’s results. “We are very proud of our operating results for the first half of 2019. Our previous strategic decision to focus on Category Leading Apps is now paying beginning to pay off in the form of solid Revenue, Bookings and adjusted EBITDA growth.  As we look out over the next 12 months, we believe we are very well situated to achieve continued Revenue and Bookings growth. Over the last year, we have significantly improved both the product and earnings quality of our core mix of apps.  We are now positioned to invest more heavily into these existing products, while we selectively develop new applications with significant potential to enhance our portfolio.”

Strategy

In early 2017, we began a major strategic shift to focus more of our investment and management resources into our Category Leading Apps business and more specifically into the social-casino genre. We believe the potential size, quality and sustainability of revenues and earnings from this business is significantly greater than that of our legacy Rapid-Launch Games business. We completed this shift during the fourth quarter of 2018 and we are now focused on developing and operating these Category Leading Apps, with a significant focus on the social-casino genre. In 2018, the revenue for the social casino market reached $5.2 billion, according to Eilers & Krejcik. The social casino market grew 10.9% year-on-year in the final quarter of 2018 according to the same report. The larger competitors in this market include SciPlay (Nasdaq: SCPL), Zynga (Nasdaq: ZNGA), Playtika (acquired by Giant Interactive for $4.4 billion in 2016) and Murka Entertainment (acquired by the Blackstone Group in 2019). These companies have achieved success by (1) focusing on the most well established social casino game types (e.g., slots, bingo and multiplayer poker) and (2) focusing on improving production values, running live ops, and adding content to their games rather than gameplay innovation. We believe this creates market opportunity for several winning strategies. First, with games such as Video Poker Classic, we have focused on niche casino game types that are not dominated by large competitors yet, nonetheless, have significant player followings. We believe similar niche opportunities continue to exist. Second, with the upcoming launch of Castle Builder, our new slots title, we believe that applying gameplay innovation to slots, an area that otherwise offers sparse differentiation between games, can result in a highly sustainable and successful product. Based on the previous success of indie developer Moon Active’s Coin Master, which, according to Think Gaming, has achieved $75 million in annual revenue, we are confident that the slots area is ripe for gameplay innovation.

Our goal for our Category Leading Apps business is to develop a small number of core franchise titles, primarily within the social-casino genre, that can achieve lifespans of at least five to ten years, and where we can grow these titles into sustainable market leaders within their respective product categories. In order to accomplish this, we are working to achieve customer LTVs that exceeds customer acquisition cost, at scale. To date, the Company has been able to achieve this, at certain customer volumes, for three products: Video Poker Classic, Crypto Trillionaire and Solitaire Dash. We seek to build a valuable portfolio of these core franchise titles which can represent repeatable, stackable and long term revenue streams for Tapinator.

Current Outlook

Our conviction regarding our social-casino focused, Category Leading Apps business has strengthened during 2019. We delivered year-over-year Bookings growth in excess of 100% within this business during the first two quarters of this year. Based on the strength of this performance, we are now targeting company-wide Bookings growth for 2019 in the range of 8%-12%, and Category Leading Apps Bookings growth in excess of 50%. This growth is expected to be derived from our seasoned franchises such as Video Poker Classic and Solitaire Dash, combined with recently launched titles such as Crypto Trillionaire and My Horoscope, and from Castle Builder, our new social-casino title that we plan to launch globally during the fourth quarter of 2019. Castle Builder features a slot mechanic, with innovative metagame systems that have proven their success in the world of real money gaming. The title is made possible through Tapinator’s recent licensing deal with a major European real-money slots developer. The real-money version of the product is currently a top performing slot game across 200+ online casinos in a number of European countries. Looking forward to later this year and into 2020, we are actively seeking to add to our growing portfolio of social-casino titles through organic product development, and via selective publishing and acquisition opportunities.  We expect to make further announcements regarding these product initiatives in the coming months.

*Non-GAAP Financial Measures

We have provided in this release the non-GAAP financial measures of Bookings and adjusted EBITDA, as a supplement to the measures of Revenue and Operating Income, which are prepared in accordance with United States generally accepted accounting principles (“GAAP”). Management uses Bookings and adjusted EBITDA internally in analyzing our financial results to assess operational performance and liquidity. The presentation of Bookings and adjusted EBITDA is not intended to be considered in isolation or as a substitute for the financial information prepared in accordance with GAAP. We believe that both management and investors benefit from referring to Bookings and adjusted EBITDA in assessing our performance and when planning, forecasting and analyzing future periods. We believe Bookings and adjusted EBITDA are useful to investors because it allows for greater transparency with respect to key financial metrics we use in making operating decisions and because our investors and analysts use them to help assess the health of our business. Below, we have provided reconciliations between our historical and projected Bookings and adjusted EBITDA to the most directly comparable GAAP financial measures below.  Some limitations of Bookings and adjusted EBITDA are as follows:

• Bookings does not reflect that we defer and recognize online game revenue over the estimated life of durable virtual goods;
• Adjusted EBITDA does not include the impact of stock-based expense, impairment of intangible assets previously acquired, acquisition-related transaction expenses, contingent consideration fair value adjustments and restructuring expense;
• Adjusted EBITDA does not reflect income tax expense;
• Adjusted EBITDA does not include other income or expense, which includes foreign exchange gains and losses and interest income or expense;
• Adjusted EBITDA excludes depreciation and amortization of intangible assets and impairment of capitalized software. Although depreciation and amortization and impairment of capitalized software are non-cash charges, the assets being depreciated and amortized or impaired may have to be replaced in the future; and
• Other companies, including companies in our industry, may calculate adjusted EBITDA differently or not at all, which will reduce their usefulness as a comparative measure.

Because of these limitations, you should consider Bookings and adjusted EBITDA along with other financial performance measures, including Revenue, Net Income (Loss), Diluted Net Income (Loss) Per Share, Cash Flow from Operations, Operating Income (Loss) and our other financial results presented in accordance with GAAP.

Reconciliation of GAAP to Non-GAAP Results (unaudited):

About Tapinator

Tapinator Inc. (OTCQB: TAPM) develops and publishes category leading apps for mobile platforms, with a significant emphasis on social casino games. Tapinator’s library includes over 300 titles that, collectively, have achieved over 470 million mobile downloads, including notable properties such as Video Poker Classic, Solitaire Dash and Crypto Trillionaire. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America, Europe and Asia. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Forward Looking Statements

To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “plan,” “feel,” “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” “target,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements include, among other things, our belief that we are very well situated to achieve continued Revenue and Bookings growth, our belief that the potential size, quality and sustainability of revenues and earnings from the Category Leading Apps business is significantly greater than our legacy Rapid-Launch Games business, our belief that that niche opportunities continue to exist in the casino games business and that applying gameplay innovation to slots can result in a highly sustainable and successful product in this business, our goal for our Category Leading Apps business to develop a small number of core franchise titles that can achieve lifespans of at least five to ten years and grow into sustainable market leaders, and our target projection that our Bookings growth for 2019 will be between 8%-12% and our Category Leading Apps Bookings growth will be in excess of 50%.  Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, our ability to continue Revenue and Bookings growth, our ability to capitalize on niche opportunities in the casino games business (including our ability to apply gameplay innovation in this business which may result in a highly sustainable and successful product in this business) and our ability to achieve Bookings growth for 2019 of 8%-12% and Category Leading Apps Bookings growth of over 50%. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Market Group’s OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group’s OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, including but not limited to the discussion under “Risk Factors” therein, which the Company filed with the SEC and may be viewed at http://www.sec.gov.

CONTACT:

Tapinator Investor Relations

investor.relations@tapinator.com

914.930.6232

Source:  Tapinator, Inc.

New York, NY— April 25, 2019 –Tapinator, Inc. (OTCQB: TAPM) (“Tapinator”), a developer and publisher of category leading apps for mobile platforms, today announced that it has launched a major update to Video Poker Classic, the top video poker game on mobile.

Video Poker Classic is the most popular video poker game on iOS and is a leading video poker property on both Google Play and the Amazon Appstore. On iOS, the title maintains over 25,000 reviews with an average score of 4.7 out of 5.0. One of the reasons for the title’s success is its consistency with a real-world casino experience.

To quantify the size of the video poker market, we can look to certain gaming jurisdictions, such as Louisiana and Illinois, that have published data specifically on video poker revenue. In 2013, Louisiana’s adjusted gross video poker revenue was over $600 million and represented 20 percent of the state’s net daily gaming revenue. In Illinois in 2013, video poker revenue was about $300 million relative to about $1.5 billion in adjusted gross casino revenue. In 2018, the revenue for the social casino market reached $5.2 billion, according to Eliers & Krejcik. Based on the size of the video poker market as a percentage of the real-money gaming market, we believe there to be significant growth potential for video poker within the social casino segment. Video Poker Classic is currently ranked approximately in the Top 150 in Downloads and Top 100 in Grossing within the Casino category on iOS.

Our new 2.0 version brings multi-hand capability, a popular casino feature, to the game’s core single-hand gameplay. More specifically, we have introduced Triple Play, Five Play, and Ten Play for all of our 39 game types. With this new version, Video Poker Classic  has the richest offering of any video poker title on mobile devices, in terms of game types, gameplay formats (Single Hand, Triple Play, Five play, Ten play) and overall functionality.

“We are excited that, with this major update, we have yet again raised the bar for the video poker category on mobile devices. We are looking forward to future updates later this year that will continue to refine and optimize our category-leading product,” said Tapinator CEO, Ilya Nikolayev.

About Tapinator

Tapinator Inc. (OTCQB: TAPM) develops and publishes category leading apps for mobile platforms. Tapinator’s library includes over 300 titles that, collectively, have achieved over 450 million mobile downloads, including notable properties such as Video Poker Classic, Solitaire Dash and Crypto Trillionaire. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America, Europe and Asia. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Forward Looking Statements

To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “feel,” “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. The forward-looking statements include, among other things, our belief that there is significant growth potential for Video Poker Classic within the social casino market segment.  Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games and apps, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, our ability to penetrate the social casino market segment sufficiently enough to allow for significant growth for Video Poker Classic. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Market Group’s OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group’s OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, including but not limited to the discussion under “Risk Factors” therein, which the Company filed with the SEC and may be viewed at http://www.sec.gov.

CONTACT:

Tapinator Investor Relations

investor.relations@tapinator.com

914.930.6232

Source:  Tapinator, inc.

Tech Industry Mints Its First Crypto Trillionaire 

NEW YORK (February 12, 2019) Tapinator, Inc. (OTCQB: TAPM), a publisher of category leading apps for mobile platforms, today announced the January 31, 2019 global release of Crypto Trillionaire exclusively on Apple’s iOS platform.   In order to bring this unique, best-in-class idle tapper game to mobile players worldwide, Tapinator has joined forces with the game’s developer, Robot Cake Games of Hannover, Germany.

Following its initial global launch on iOS, Crypto Trillionaire was featured by Apple as a “New Game We Love,” in 152 countries, including the United States. To-date, Crypto Trillionaire has achieved the following iOS metrics:

– Nearly 250,000 player downloads

– Excellent rating of 4.7 (out of 5.0) stars, based on over 4,000 player reviews

– Reached #3 Top Strategy Games in the United States

– Reached #89 Top Grossing for Strategy Games in the United State

– Achieved #1 organic search result for the term “Crypto” within the App Store

Tapinator’s CEO, Ilya Nikolayev, commented on the games release, “We achieved a very successful initial global launch with Crypto Trillionaire on iOS and we plan to invest significantly in future product updates and marketing with the intention of making Crypto Trillionaire a true category leader within the idle tapper genre across all major mobile platforms. The player response to the game has been fantastic and we are seeing solid metrics for both retention and ABPDAU (average bookings per daily active user). The idle tapper category has shown to support top grossing games with multi-year lifespans. We look forward to game enhancements that we expect will continue to improve player engagement and lifetime value, thereby allowing us to scale up our user acquisition budget. While it is still extremely early in the game’s lifecycle, based on what we have seen thus far, we believe Crypto Trillionaire will have a material positive impact on our 2019 bookings results.”

Crypto Trillionaire is the first of several planned major releases for Tapinator’s Category-Leading Games & Apps business for 2019. Future releases will be announced in the coming months.

About Tapinator

Tapinator Inc. (OTCQB: TAPM) develops and publishes category leading apps for mobile platforms. Tapinator’s library includes over 300 titles that, collectively, have achieved over 450 million mobile downloads, including notable properties such as Video Poker Classic, Dice Mage and Solitaire Dash. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North America, Europe and Asia. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Crypto Trillionaire is a mobile app game developed solely for entertainment purposes.  It does not allow players to purchase, accumulate, trade, or otherwise transact in actual cryptocurrency or crypto-assets of any kind.

Forward Looking Statements

To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “feel,” “may,” “will,” “expect,” “anticipate,” “estimate,” “intend,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. The forward-looking statements include, among other things, our intention to make Crypto Trillionaire a true category leader within the idle tapper genre across all major mobile platforms through significantly investing in product updates and marketing, our expectation that game enhancements will continue to improve player engagement and lifetime value thereby allowing us to scale our user acquisition budget and our belief Crypto Trillionaire will have a material positive impact on our 2019 bookings results.  Forward-looking statements in this release involve substantial risks and uncertainties that could cause the development and monetization of our mobile games and apps, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, our ability to invest our financial and development resources in a way that will lead to Crypto Trillionaire becoming a true category leader, our ability to continue to attract and retain Crypto Trillionaire players, the possibility of our competitors developing games that players prefer to Crypto Trillionaire, our ability to utilize Robot Cake Games to successfully increase the adoption of Crypto Trillionaire globally  and our ability to successfully develop updates and future features of Crypto Trillionaire which players will adopt. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Market Group’s OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group’s OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, see Tapinator’s Risk Factors which are available within the disclaimers section of Tapinator.com.

CONTACT:

Tapinator Investor Relations

investor.relations@tapinator.com

914.930.6232

Source: Tapinator

Tapinator Sponsors and CEO Will Speak on Panel at ETH Denver – NEW YORK, – (https://financialnewsmedia.com News Alert) – Tapinator, Inc. (OTCQB: TAPM), a leading developer and publisher of mobile games on the iOS, Google Play, Amazon, and Ethereum platforms, today announces that it is sponsoring and will speak on a panel at leading blockchain conference, ETH Denver on February 17th. The panel will focus on the intersection of blockchain & gaming and the Company will announce it first blockchain product, which will be released by Tapinator’s subsidiary, Revolution Blockchain, in Q2 of this year.

“We are very excited to attend and present at one of the industry’s top blockchain conferences. We believe that gaming is one of the most exciting verticals for blockchain technology and we look forward to sharing more information about our first product on February 17th,” commented Ilya Nikolayev, CEO of Tapinator. Read this and more TAPM news at https://financialnewsmedia.com/profiles/tapm.html

ETH Denver, along with its sister events, has over 2,500 people registered to participate in its events. The conference and hackathon focuses on emerging blockchain technologies (like Ethereum), which its organizers believe ‘could bring about the most significant technological and social advancements since the advent of the internet’. Notable ETH Denver sponsors, in addition to Tapinator, include Thiel Fellowship, CryptoKitties and MetaMask.

About Tapinator

Tapinator develops and publishes mobile games and decentralized apps on the iOS, Google Play, Amazon, and Ethereum platforms. Tapinator’s portfolio includes over 300 mobile gaming titles that, collectively, have achieved over 450 million player downloads, including games such as ROCKY(TM), Video Poker Classic, Solitaire Dash, and Dice Mage. Tapinator generates revenues through the sale of branded advertisements and via consumer transactions, including in-app purchases. Founded in 2013, Tapinator is headquartered in New York, with product development teams located in the United States, Germany, Bulgaria, Pakistan, Indonesia and Canada. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or the ‘Revolution Blockchain’ wordmark.

About ETH Denver

Decentralization is underway. In the coming years, emerging blockchain technologies (like Ethereum) will aid in distributing power from the center to the edges of our communities. This movement could bring about the most significant technological and social advancements since the advent of the internet. Ethereum Denver has supported the blockchain community since early 2014. Along with its sister events, there are over 2,500 people registered to participate in its events.

Forward-Looking Statements

To the extent that statements contained in this press release are not descriptions of historical facts regarding Tapinator, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “may,” “will” “expect,” “anticipate,” “estimate,” “intend,” and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements in this release involve substantial risks and uncertainties that could cause the next stage of our development, the deleveraging and strengthening of our balance sheet and the execution of our organic growth strategy to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, whether Revolution Blockchain will be successful in launching its first product by the second quarter of 2018, if at all, and whether such product will be well received in the marketplace, our belief that the applicability of blockchain technology will expand from currency trading to industry-changing applications and games and our belief that we are well positioned to become a leader within the decentralized apps market. Tapinator undertakes no obligation to update or revise any forward-looking statements. The quoting and trading of the Company’s common stock on the OTC Market Group’s OTC Link quotation system is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with the Company’s operations or business prospects. As a result, there may be volatility in the market price of the shares of the Company’s common stock for reasons unrelated to operating performance. Moreover, the OTC Market Group’s OTC Link quotation system is not a stock exchange, and trading of securities on it is often more sporadic than trading of securities listed on the NASDAQ Stock market or another securities exchange. Accordingly, stockholders may have difficulty reselling any of their shares. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company, see Tapinator’s Risk Factors which are available within the disclaimers section of Tapinator.com.

Contact:
investor.relations@tapinator.com
+1(914)930-6232

SOURCE Tapinator, Inc.

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