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Imperus Technologies Q1-2016
IMPERUS TECHNOLOGIES DELIVERS ENCOURAGING GROWTH
Proposes name change to Tangelo Games.
Toronto-listed social and mobile gaming developer Imperus Technologies delivered strong growth in its first quarter 2016 financial report for the three month period ending March 31, 2016.
Imperus generated revenue of CAD 10.9 million (Q4/2015: CAD 8.4 million) and Adjusted EBITDA of CAD 3.0 million (Q4/2015: CAD 2.6 million).
Operating EBITDA for the three months ended March 31, 2016, excluding corporate overheads, was CAD 3.6 million (Q4/2015: CAD 3.4 million).
Imperus subsidiary Akamon achieved a significant milestone in February 2016, reaching 25,000 cumulative paying users through its partnership with UOL, a prominent Brazilian telecommunication and DSL provider.
Under this agreement, UOL DSL subscribers can opt-in for a package deal that includes a subscription to a localized white-label version of Akamons games.
Imperus said it was pursuing additional white label distribution agreements following Akamons successful growth of its white label business, which currently drives 25 percent of Akamons revenue from more than 45 white label partners.
"In the first quarter, strong performances in February and March helped us recover from the typical seasonal low of January,” James Lanthier, chief executive officer of Imperus, commented. “We see this momentum continuing in Q2 to date.”
Lanthier highlighted the growth of the company’s Spanish language mobile games saying they had generated double digit growth rates month-over-month.
In support of Imperus’ strategy towards one unified organisation, a name change to Tangelo Games Corp has been proposed, integrating its Diwip and Akamon subsidiaries under one roof.
“We believe this name better conveys our goal, which is to create social game content that delights and engages users around the world,” Lanthier said.
$75K Win on Mobile Slot @ CafeCasino -
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2017 Punta Cana Poker Classic Results -
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NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
WPN Affiliates Headed to Berlin Affiliate Conference -
With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.
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