MySQUAR Limited Spin-Off Casual Game Launch (6782W)

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RNS Number : 6782W

MySQUAR Limited

16 November 2017

16 November 2017

MySQUAR Limited ("MySQUAR" or the "Company")

Spin-Off Casual Game Launch

MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is excited to announce the launch of a new casual game called Fish Hunter - Kotanger 3D ("Fish Hunter 3D") today.

This is a spin-off game to the Company's existing MyFish casual game which just had its one year anniversary in August. MyFish is the second most popular mobile game offering in Myanmar from MyGame, the mobile game division of MySQUAR, based on Google Play rankings. MyFish also has the largest number of registered users and revenue on the MyGame platform and continues to grow. In MyFish, players add money to receive ammunition to shoot fish and earn gold which can later be redeemed for phone top-up cards. As the game is easy to play MyFish has the most diverse user base with the highest number of female users and the largest age range amongst MyGame offerings.

Due to its widespread popularity, the Company has decided to launch Fish Hunter 3D with some RPG elements such as 3D visuals, an inventory system and customisation which allows for potentially higher monetisation opportunities and a broader audience. Fish Hunter 3D follows the same gameplay as MyFish and supports up to four-players simultaneously, however it contains more advanced features including enhanced 3D graphics, more rooms, an extended choice of weapons and ammunition, as well as a weapon customisation option through additional add-ons. Players can either buy or collect a variety of items that can be used for weapon or bullet upgrades or can be redeemed for phone top-up cards.

Eric Schaer, CEO of MySQUAR, said: "We have been extremely pleased with the success of MyFish and anticipate that Fish Hunter 3D will also be well received by our users. Having two complementary fish hunting games allows us to expand our market reach and target different segments of gamers. This iteration of the game should expand the Company's fish hunting franchise by attracting hard-core gamers from its visually appealing graphics and more advanced RPG features such as a PvP (player versus player) arena for more competitive gameplay, challenging boss battles and customised weaponry. MySQUAR strives to offer the widest selection of game genres in Myanmar to retain our position as the largest game publisher of Myanmar-language games."

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information:

 
MySQUAR Limited 
Eric Schaer (Chief Executive)  Tel: +65 6725 
                                6388 
Pham Dang Hung (CFO) 
 
SP Angel Corporate Finance 
 LLP 
Nominated Adviser              Tel: +44 (0) 203 
                                470 0470 
Stuart Gledhill/Soltan 
 Tagiev 
 
 Beaufort Securities Limited     Tel: +44 (0) 207 
 Broker                          382 8300 
 Jon Belliss/Elliot Hance 
  Public Relations 
  Damien McCrystal               Tel: +44 (0) 781 
                                 677 0758 
                                 [e-mail] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 16, 2017 02:01 ET (07:01 GMT)