Swarmio Media Debuts 'Swarmio Store' Solution as Key New Component of Full Service Ecosystem for Telecom Operators & Game Publishers
VANCOUVER, BC, Jan. 12, 2022 /CNW/ - Swarmio Media Holdings Inc. (CSE: SWRM) ('Swarmio' or 'the Company'), a vertically integrated, end-to-end gaming and esports platform that helps telcos and game publishers engage and monetize the gaming industry, announced today that it has begun the deployment of its proprietary integrated ecommerce solution, Swarmio Store, a key component of the Company's full service ecosystem for telecom operators and game publishers.
"This is a very exciting new development for Swarmio," said Vijai Karthigesu, CEO of Swamio Media. "The Swarmio Store allows telecom operators to build stronger ties with their subscribers, and enables them to meaningfully participate in the gaming industry and take a share of the $200B in revenue it is generating annually. Additionally, because Swarmio earns a small percentage from each transaction that takes place via the Swarmio Store, it is also a key part of our revenue model."
Integrated within Swarmio's Hive platform (a turnkey gaming and esports platform for telecom operators), Swarmio Store is an online ecommerce store providing gamers with a one-stop shop for in-game upgrades and accessories, as well as product merchandise from all major AAA game titles. These include, but are not limited to: experience boosters, cosmetic items, and skins that allow gamers to customize, personalize and accelerate their progress in their chosen games. Items within the Store can be purchased using Swarmio Hive points, which can be purchased by users via various payment methods and/or earned by completing tournaments and challenges. Additionally, within telco partnerships, subscribers can be rewarded with Swarmio Hive points as part of their subscription.
According to Statista, in-game consumer spending accounts for the biggest share of the video gaming market. In 2020, global gaming audiences spent approximately US $54 billion on additional in-game content, with in-game purchases accounting for approximately 74% of revenue earned across all gaming platforms. In 2025, the market value of in-game purchases is projected to surpass US$74.4 billion.
Swarmio takes a percentage of revenue on each purchase made in the Swarmio Store with the remainder being distributed to game publishers and developers with ownership of purchased in-game items.
Swarmio Store will be launched with Sri Lanka Telecom in January 2022 and is expected to be rolled out over time to all of Swarmio's existing and future customers.
About Swarmio Media
Swarmio is a technology company that is focused on providing an end-to-end gaming and esports platform for telcos to monetize their subscribers. Using its patented edge computing technology, Swarmio has engaged with several telcos that have launched its solution allowing their subscribers to access tournaments, engage in a localized gaming community, challenge friends and influencers and earn points that can be used to purchase gaming content.
For more information please visit:
Swarmio Investor Website (https://swarmio.media/investors)
Swarmio on LinkedIn (https://www.linkedin.com/company/swarmiomedia)
Swarmio on Twitter (https://twitter.com/SwarmioMedia)
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation: statements about the Company's growth, the Company's ability to capitalize on the major global opportunity in the gaming and esports market, anticipated benefits to the Company's partners and their customers from using the Company's products, ongoing discussions with potential new customers or partners and the possibility that such discussions may result in additional contracts or revenue for the Company, the Company's future plans, its goals and expectations, including but not limited to, the Company's continuing ability to enter into agreements to deploy its products with international telecommunications companies and game publishers and its ability to monetize these agreements through generating SaaS based revenues are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks identified in the Companies long-form prospectus dated November 10, 2021 (which can be accessed through the Company's profile on www.sedar.com). Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
SOURCE Swarmio Media Holdings Inc.
For media-related enquiries, please contact: Josh Stanbury, [email protected]; For investor-related enquiries, please contact: Sean Peasgood, [email protected], Investor's Direct Line: 437-253-9222
Share this article