SPYR Hires Former Electronic Arts (EA) Executive As Chief Strategic Advisor

DENVER, Feb. 22, 2017 /PRNewswire/ -- SPYR, INC. (OTCQB: SPYR), a holding company with wholly owned subsidiaries in both the mobile game & app development and publishing industry, and in the restaurant industry, today announced that Farshid Almassizadeh, the former VP and COO of EA Interactive, will join the SPYR team as its Chief Strategic Advisor.  Mr. Almassizadeh will bring his 25+ years of experience in the gaming industry to SPYR as an advisor to SPYR's management team, the game publishing team, as well as the associated developer community.

Mr. Almassizadeh has held executive positions, including COO of EA Interactive and Senior Director of Product Development for The Simpsons and The Sims Console franchises, at Electronic Arts.  He is presently an executive at Age of Learning and previously held an executive position at GlobalWide Media.  Mr. Almassizadeh is a proven and versatile senior executive with a measurable record of success building international organizations and running profitable businesses within the console, mobile, online, advertising, educational, social games and entertainment industries over the last 25+ years.  He has also served as an advisory board member to companies in the apps and entertainment space, including Relationup, Halon Entertainment, 2Mundos and MATTERvr.

Mr. Almassizadeh will be bringing his wealth of knowledge and contacts in the games industry to SPYR and will be advising and assisting the company with all aspects of its games business, such as development, user acquisition and monetization strategies, marketing and PR, strategic partnerships, identifying new games for publication and fundraising.  

James R. Thompson, SPYR's CEO and President, stated: "Everyone at SPYR is very excited to be working with Farshid.  His many years of experience and connections in the gaming industry are going to be invaluable to the company and we believe that he will help us cultivate all of the seeds we have planted over the last year to grow our games business and revenue."

Farshid Almassizadeh, Chief Strategic Advisor, stated: "I am looking forward to working with such a seasoned and talented team at SPYR. With Jim's leadership and the publishing teams' experience, titles such as Pocket Starships by Spectacle Games that has been recognized by Apple as a 'best new game,' are only the beginning of SPYR's publishing lineup."

About SPYR
SPYR, INC. is a holding company that through its wholly owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game publishing and 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, as well as SPYR's website located at http://www.spyr.com, and SPYR's community channel on Twitter located at https://twitter.com/spyrinc.

Investor Relations Contacts:

Marlin Molinaro
Marmel Communications, LLC
(828) 669-0616

Stanley Wunderlich
Consulting for Strategic Growth 1 Ltd.
Tel: 800-625-2236 ext. 7770
Email: info@cfsg1.com


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