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New Listing: Popreach Corporation (TSXV:POPR)

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PopReach, headquartered in Toronto and employing a team of over 120 experts in Toronto, and Bangalore, is a free-to-play mobile game publisher focused on acquiring and optimizing proven game franchises.

Additional Information:

Company: Popreach Corporation
Website: http://www.popreach.com
Stock Symbol: TSXV: POPR
Date Published: Jul 9, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Popreach Corporation is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “POPR”, following its qualifying transaction with Capital Pool Company Mithrandir Capital.

PopReach, headquartered in Toronto and employing a team of over 120 experts in Toronto, and Bangalore, is a free-to-play mobile game publisher focused on acquiring and optimizing proven game franchises.

The company has acquired 12 successful game franchises competing mainly in the North American game market, including Smurfs' Village, with IP under license, Kitchen Scramble, Gardens of Time, City Girl Life, War of Nations and Kingdoms of Camelot.

Jon Walsh, Co-Founder and CEO, stated: "We are very pleased to be listed on the TSX Venture Exchange. This milestone provides us increased access to capital which will drive our growth strategy. We are a different kind of mobile gaming company. We don't try to build new hit games; our organic growth is driven by investing in proven franchises and focusing on user optimization and retention and operating cost reductions. We minimize risk through a disciplined approach to identifying and executing acquisitions coupled with maintaining a diverse portfolio. The franchises we acquire already have established market fit, and existing user bases which we can leverage. As the mobile market continues to mature and expand, the number of aged games grow, so we see a continuous pipeline of acquisition opportunities.”

PopReach is well positioned in the $90B mobile gaming market, which is expected to grow at compound annual growth rate of 14% between 2020 and 2025.

Mobile games account for 33% of all mobile app downloads, with more than 200 million mobile gamers in the United States alone.

PopReach, an early stage company, generated revenue of approximately US$18 million in 2019 and is cash flow positive.

Its portfolio of 12 game franchises, distributed through the Apple App Store, Google Play, Amazon Appstore and Facebook Canvas digital platforms, are played by more than 1.2 million monthly active users.

Christopher Locke, Co-Founder & President, added: "Our executive team is comprised of industry veterans with an unparalleled track record of success, and our teams in Toronto and Bangalore are world class. PopReach is uniquely well positioned to capitalize on industry trends and intends to create significant value for all of its stakeholders.”

In 2020, the company is targeting meaningful top and bottom-line growth through a combination of ongoing cost reductions and game optimizations, which aim to increase player lifetime value.
The shares are trading at $0.93.

For more information, please visit the company’s website www.popreach.com. contact Jon Walsh, Co-Founder & CEO, by email at invest@popreach.com.

I’m Cassandra Bolinski for Investmentpitch Media