NEW YORK, NY, May 05, 2021 (GLOBE NEWSWIRE) — SPYR Technologies (OTC Pink: SPYR) and its wholly owned subsidiary, the Internet of Things (IoT) company, Applied MagiX Inc., are highlighted in new research that focuses on the company’s aggressive pivot into the technology industry and its businesslike approach as the two companies segued from the acquisition of Applied MagiX, to advancing their product development and sales strategy, to identifying and launching its first smart home products for purchase, to gaining a presence on 3 online retail giants, to generating sales & revenue—all in the span of about 5 months.
After a careful review of the company’s pro-growth acquisition strategy, its entrance into the multi-billion-dollar smart home market via acquisition, its partnerships with retail giants Amazon, Walmart and eBay, its efforts to quickly drive products to market, and its expeditious move to the revenue-generating phase of the company’s life cycle, Stock Market Media Group (SMMG), a news & media, research and content development IR firm, announces that it has initiated coverage with the release of a new report on SPYR Technologies.
Read SMMG’s SPYR Report at https://bit.ly/SPYR-Report
SPYR is currently invested in growing a portfolio of technology companies through strategic acquisitions and/or acquiring products that will ideally operate in the smart home, IoT, and artificial intelligence markets. Its first acquisition, Applied MagiX, a registered Apple developer headquartered in Manhattan Beach, California, is engaged in developing its own signature line of Apple HomeKit products and accessories while offering consumers sourced Apple HomeKit, Apple CarPlay, and Apple WATCH products and accessories to generate revenue immediately while development progresses on its own branded proprietary products.
SPYR is a low-float stock with only 73-million tradeable shares in the float, which has allowed the company’s share price to easily rise to between $0.80 – $1.00+ on several occasions. The company’s share structure combined with its aggressive pro-growth strategy and its proactive approach to move from acquisition to generating sales and revenue, represents an ideal ground-floor opportunity for new and current investors looking to accumulate shares of the company.
Read SMMG’s SPYR Report at https://bit.ly/SPYR-Report
About SPYR Technologies
SPYR Technologies is a technology company that, through its subsidiary, Applied MagiX Inc., develops and resells Apple ecosystem compatible products with an emphasis on the growing multi-billion-dollar smart home market. SPYR continues to identify and target acquisitions that will grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence and smart-technology products.
About Applied MagiX, Inc.
Applied MagiX is an Internet of Things (IoT) company headquartered in Manhattan Beach, California, with an office in Hong Kong. The company is a registered Apple developer that develops and sources Apple ecosystem compatible products with an emphasis on the growing multi-billion-dollar smart home market.
About Stock Market Media Group
Stock Market Media Group is a news & media, research, and content development IR firm offering a platform for corporate stories to unfold in the media with press releases, feature news articles, corporate videos, radio-style CEO interviews, and research reports.
This article was written based on publicly available information. Stock Market Media Group may, from time to time, include our own opinions about the companies, their business, markets, and opportunities in our articles. Any opinions we may offer about any of the companies we write about 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 any of the securities we write about are solely your responsibility based on your own due diligence. Our publications 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 website of the U.S. Securities and Exchange Commission at www.sec.gov, where you can also find all of SPYR Technologies’ 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. We are not a registered broker, dealer, analyst, or advisor. We hold no investment licenses and may not sell, offer to sell, or offer to buy any security. Our publications about SPYR Technologies are not a recommendation to buy or sell a security.
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In February 2015, 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 the daily trading volume. All shares have been held for the requisite period under Rule 144 and were eligible to be sold immediately upon reaching the requisite holding period without further notice.
Stock Market Media Group and its management never accept compensation in free-trading shares for its marketing services of the company being profiled, however third parties that have compensated Stock Market Media Group may hold free-trading shares of the company being profiled and could very well be selling shares of the company’s stock at the same time the content is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.
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