$TAPM Breaking News - Tapinator Acquires Social Casino Company, InAppFuel

NEW YORK, - (http://www.financialnewsmedia.com News Alert) - Tapinator, Inc. (OTC: TAPM) announced today that it has acquired InAppFuel (IAF), a social casino company. InAppFuel powers the casino functionality for a number of application developers on mobile platforms, including Metamoki, Five-O Poker, DreamQuest Games, GameMasons, and many others. By offering the first and only minigame Software Development Kit (SDK), InAppFuel allows developers to integrate casino functionality, including slot machines and scratch-off tickets, in less than an hour of time.



InAppFuel\'s vision is to allow any developer to quickly integrate a casino layer mini game into an existing game. This will greatly aid gaming companies by efficiently optimizing in-app purchase monetization and improving user retention. This unique business solutions (B2B) product not only brings Tapinator a new product line, but it also paves the way for expanding relationships with other developers and studios as IAF grows, thus creating additional acquisition and partnership opportunities in the gaming business.



Social casino properties are among the best at mobile gaming monetization. According to VentureBeat\'s gaming publication, GamesBeat, casino games have become a $2.7 billion worldwide industry in a short few years thanks to rapid growth on Facebook and the mobile platforms. InAppFuel, through its patent-pending minigame SDK and its proven casino minigame engine, intends to participate in this growing market in a substantial way.



InAppFuel was cofounded by Tapinator\'s CEO, Ilya Nikolayev, who was a minority owner of the company. By unanimous consent of Tapinator\'s board of directors and majority consent of the InAppFuel owners, Tapinator purchased InAppFuel for consideration comprised of the assumption of IAF\'s existing promissory notes, and an earn-out from one half of InAppFuel\'s net income until such time as InAppFuel\'s previous owners have been paid out per the terms of the agreement. Mr. Nikolayev received no upfront or additional consideration. The transaction was concluded on October 1, 2014 and will be reflected in the company\'s Q4 financial statements. The details of the transaction may be found in Tapinator\'s supplemental information disclosure dated November 13, 2014 on otcmarkets.com.



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