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DNA Dynamics, Inc Executive Updates the Markets on the Company and Its Plans for 2011(February 08, 2011)
LONDON, Feb. 8, 2011 (GLOBE NEWSWIRE) -- DNA Dynamics, Inc (Pink Sheets:DNAD) updates the markets today on the company's plans for 2011 and indicates potential revenue forecasts for the coming quarters. In recent weeks, Ed Blincoe took a controlling interest in DNAD and acquired the Mobile Development company Appache Mobile.
Ed Blincoe, CEO of DNAD, stated today "we are moving ahead at incredible speed in Appache Mobile and have already released two games into the Apple's AppStore(SM) that are already generating some revenue." He continued "The meetings I have had in London and New York over the past six weeks have proven the business plan and we now have a list of opportunities that give us the chance to cherry pick the deals we execute on."
Appache Mobile, the wholly owned DNAD Dynamics subsidiary, recently launched the game ILegacy through the AppStore. Appache acquired the game including all of the source code and quickly launched it for the iPhone™. An IPad™ and Mac App Store version is already in the pipeline, increasing three fold the revenue that can be generated from this single piece of Intellectual Property.
When asked about potential revenue figures for 2011, Ed Blincoe was bullish and started that "we believe we have the potential to be a $1m business by the end of 2011, if you annualise the revenue in the 4th quarter. The properties we have acquired and the deals we are working on mean that, by the 3rd quarter, we should be posting figures of around $200,000 per quarter."
He continued "we have deals on the table with a large North American sporting organisation as well as a household name European gambling organisation that could, if signed, take us to the $1m revenue figure far quicker than Q4. We're still in negotiations with both parties however these are the kind of opportunities we are working on within our first month of operation."
Appache Mobile is in the process of launching another game into the AppStore which is curently in review at Apple. This High definiation iPad game will be published once it has been approved by Apple, but given the nature of the game and the high definition graphics, it is expected to be a huge success for Appache.
DNA Dynamics recently announced that Industry veteran, Ed Blincoe, was stepping up as CEO and had acquired a controlling interest in the company. He has been in the gaming and mobile gaming industry for over 13 years and held senior positions with many of Europe's largest game makers and publishers and had personally been responsible for the marketing and launch of some of the biggest online games in the Industry over recent years.
About DNA Dynamics, Inc:DNA Dynamics owns Appache Mobile which is a publisher of games and Apps for mobile and tablet devices. Established in 2010 Appache Mobile develops and acquires new and recently published games and applications for iOS and Android devices.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
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