signs new mid-tier game to be launched during the summer
LONDON, 7th of May, 2019 – Flexion Mobile Plc (Nasdaq: FLEXM), the London-based Android games distribution company today announced the signing of a new mid-tier title from China. The game is an action-packed space strategy game which is generating approximately USD 500,000 per month in Google Play.
The distribution agreement allows Flexion to distribute the game in all its main channels including Amazon and Samsung. It is planned to go live during the 2nd financial quarter (July-Sep).
"Our China team is having real traction with developers right now. Just over a week ago we announced our second biggest title ever from China and now this one. It is great to see how our portfolio keeps growing", says Jens Lauritzson, CEO of Flexion Mobile Plc.
Flexion expects games to hit optimal performance levels in its channels after 6 months.
For more information
Niklas Koresaar CFO, Email: email@example.com. Tel: +44 207 351 5944
About Flexion Mobile Plc:
Flexion offers a distribution service for free-to-play Android games. Using the service developers can distribute their games in multiple channels like Amazon, Samsung and leading regional distribution channels in India, South Korea and Japan. These are channels that the developers are struggling to reach and support. At the core of Flexion's service is the patented enabling and enhancement software that converts developer’s existing Android games into specific game versions for the new stores without any work required by the developers. Flexion estimate that developers can generate an incremental 10% high margin Android revenues from the service. Flexion Mobile Plc is listed on Nasdaq First North, Shortname: FLEXM. Certified Adviser is FNCA Sweden AB, +46(0)8-528 00 399 firstname.lastname@example.org.
Flexion’s mid-term vision is to grow its game portfolio to 100 titles of which one 3rd is top-tier titles with a potential to generate more than USD 100,000 per month. The remainder will be mid-tier titles with a revenue potential exceeding USD 30,000 per month.
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