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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AppSwarm Inc (PK) | USOTC:SWRM | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.00001 | -2.17% | 0.00045 | 0.0004 | 0.0006 | 0.0005 | 0.0004 | 0.0005 | 16,430,199 | 21:02:08 |
Tulsa, OK -- March 23, 2017 -- InvestorsHub NewsWire -- AppSwarm, Corp (OTC: SWRM) a company that focuses on the acquisition and development of application-based technologies, has announced the launch of its in-house developed ecommerce website, Urban Bamboo Designs (www.urbanbamboodesigns.com).
Ronald Brewer, CEO of AppSwarm, Corp stated, We are excited to see the launch of our first ecommerce site. This site was developed in-house and is already producing revenue. We are pleased to say we will be announcing more sites soon. Some of these sites are acquisitions of well established companies and some, we will develop in-house within sectors that we believe to have great revenue potential.
As mentioned before, US e-commerce sales are at a current level of only 8.40% of retail sales, up from 8.10% last quarter, AppSwarm management sees an opportunity to apply its current business model to this burgeoning sector.
Reports indicate that in coming years, online sales will increase exponentially as users become more familiar and comfortable shopping from their smartphones. American online sales are slated to reach $523 billion by 2022, up 56% from $335 billion in 2015.
Mobile devices are expected to be a key driver in this growth. With smartphone models becoming larger, and wireless networks becoming faster, Forrester Research Inc. projects that online sales will grow by an average annual rate of 9.32%, amounting to an additional 26 million online retail shoppers by 2020. This equates to over 270 million online shoppers.
Why bamboo?
About AppSwarm
AppSwarm, Inc. is a technology development and incubation company focused in accelerating the development of mobile applications and technology, fast-tracking product to market. AppSwarm partners with application developers through joint ventures, royalty agreements, marketing partnerships, and outright purchase agreements.
For more information, visit us at www.app-swarm.com, or follow us on Facebook https://www.facebook.com/AppSwarm or Twitter https://twitter.com/appswarm
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in the Company's filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM's actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.
Investor and Media Contacts: 888-886-8583
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