SPYR Welcomes Thought Leader and Games Industry Veteran to Advisory Board

DENVER, Nov. 12, 2015 /PRNewswire/ -- SPYR, INC. (OTCQB: SPYR), a holding company with wholly owned subsidiaries in the digital publishing and advertising industry, mobile game and app development industry, and the food service industry, today announced that it has added Reinout Te Brake to the advisory board of its wholly owned subsidiary, SPYR APPS, LLC.  Mr. Te Brake was an early strategist at Spil Games, the Chairman at iQU and is the current CEO of Get Social. Mr. Te Brake joins Mr. Juhana Kotilainen, former Rovio Entertainment Marketing Veteran and current CEO of Silvermile, on SPYR APPS' growing advisory board of Mobile Game Industry experts.

Reinout Te Brake is regarded as one of the most innovative thought leaders in the gaming industry. He is a successful entrepreneur, kickstarter, prolific investor and business leader. He currently mentors and invests in several early stage companies in his native Netherlands and across the world. He also sits on the advisory board of MAG Interactive, which created, among others, the successful 'Ruzzle' game (downloaded more than 80 million times and one of the most played mobile word games ever made).

Mr. Te Brake also is the CEO of Get Social, creator of a revolutionary back-end platform that amplifies engagement of mobile gamers. The Amsterdam-based company is attacking a huge problem in mobile-the cost of acquiring new users. The platform maximizes virality through a smart invitation system that uses deep linking and tracking between popular chat apps like WhatsApp, Kakao, Line, WeChat, Kii and others.

Paul Thind, SPYR's Managing Director of Games & Applications states, "Reinout is a legend in the games industry and has been a great friend and mentor for many years. When I was assembling the advisory board, I thought of Reinout immediately and was thrilled when he agreed to join. Reinout's experience at Spil Games, iQU, Get Social and other companies is so valuable to an early stage company like SPYR APPS in the Games and Apps market. I'm really happy to welcome Reinout to our advisory board and we believe he will create tremendous growth for SPYR APPS, our upcoming mobile game titles and our shareholders." 

Reinout commented: "When Paul reached out to me to become an advisor at SPYR APPS, I was excited for him and the opportunity to help. Paul and I have known each other for many years and I am thrilled that he has sought out the perspective of advisors from all over the world. It's a pleasure to lend my experience as an advisor to SPYR APPS and I am glad that it is building a games division with forward thinking global orientation."

About SPYR

SPYR, INC. is a holding company that through its wholly owned subsidiary, Franklin Networks, Inc., is engaged in digital publishing and advertising operations, and through its wholly-owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game development.  SPYR, INC. also owns and operates an "American Diner" theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called "Eat at Joe's®" through its other wholly-owned subsidiary, E.A.J.: PHL Airport Inc. The Company is currently exploring opportunities for additional acquisitions in these and other verticals, including mobile application and game development, in order to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.

Safe Harbor Statement:

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov.

Investor Relations Contact:
Marlin Molinaro
Marmel Communications, LLC
(702) 434-8692


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