Acquisition Expands Pocket Games’ portfolio of leading digital media companies
NEW YORK, April 25, 2016 (GLOBE NEWSWIRE) — Pocket Games (PKGM) today announced it has executed definitive agreements to acquire Kicksend Holdings, Inc., in a transaction for stock and debt. The transaction has been unanimously approved by both companies’ Boards of Directors.
Kicksend provides a photo printing and sharing solution to users across the world through iOS, Android and desktop applications. The company has partnerships with Walmart, Walgreens, Target, CVS and Duane Reade, that provide 1-hour photo printing services allowing consumers to pick up their prints at any retail partner within an hour. Over 2.8 million dollars has been invested into the buildout of the application from investors including Y Combinator, SV Angels, Jack Abraham, and True Ventures.
David Lovatt, Chief Executive Officer at Pocket Games stated, “We are excited to announce this acquisition, and are very excited about the current deal pipeline that will create long term value for shareholders. We believe we can continue to build upon Kicksend’s already established install base, and potentially find other products and services to market to the active user base. We will be utilizing the dedicated resources of our India based development team to further optimize and build upon the current code base. Our focus will be to continue to build upon the strong partnerships the Kicksend team has built over the last four years.”
About Kicksend Holdings, Inc.
Kicksend is a web, mobile and desktop app that provides an easy solution for printing and sending photographs. Kicksend platform is complete with social tools, multiple payment options, one click purchasing and a robust virtual currency system. The company has partnerships with Walmart, Walgreens, Target, CVS and Duane Reade that provide local retail locations for users to pick up their printed photos. For more information, go to www.kicksend.com.
About Pocket Games, Inc.
Pocket Games, Inc. (PKGM) is a growing partner to the video game development market offering development and testing services out of its purpose designed offices in Pune, India as well as now offering a unique distribution channel through the recently acquired Viximo platform. The Company continues to execute its expansion into the burgeoning video game industry in pursuit of innovative revenue streams. Learn more at www.pocketgamesinc.com.
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