THE WOODLANDS, TX, July 6, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — SPYR, INC. (OTCQB: SPYR), a diversified technology company developing products leveraging the Internet of Things (IoT) for consumer use and large-scale applications and industries, today released the following statements regarding recent promotional activities brought to the attention of the company by OTC Markets. This press release is issued at the request of OTC Markets.
On July 1, 2022, OTC Markets contacted the company regarding promotional email activity regarding the company’s common stock by two companies: Penny Picks and the Wolf of Penny Stocks. On January 11, 2022, the Company retained Emerging Markets Consulting, LLC to provide investor relations services. On January 19, 2022, the Company issued a press release announcing the commitment of Emerging Markets (https://www.accesswire.com/684461/SPYR-Technologies-Is-Pleased-To-Announce-Emerging-Markets- Consulting-LLC -EMC-has-been-retained-to-provide-public-relations-services-to-investors). After investigation, Emerging Markets held Penny Picks and the Wolf of Penny Stocks separately. For email marketing identified by OTC Markets, the Company has reviewed and approved only factual content for accuracy against its previously authorized press releases. With respect to the statements of fact made by Penny Picks or the Wolf of Penny Stocks in the examples, the Company believes that the stated facts were accurate. The Company has no direct or indirect knowledge of the effect, if any, that the commercialization may have had on the trading of the common shares of the Company, although the volume of common shares traded increased on June 28, 2022.
Except for the Company’s review and approval of the factual content of the emails, and after investigation with management, no director, officer, controlling person or majority shareholder (defined as shareholders holding 10% or more of the securities of the company), have, directly or indirectly, been involved in any way (including payment of a third party) in the creation, distribution or payment of promotional materials related to the Company and to his titles. Emerging markets held the Penny Picks and the Wolf of Penny Stocks separately. In addition, the Company has independently confirmed that no officer, director or third party service provider has sold any securities of the Company during the preceding 90 days.
During the past 12 months, the Company has retained the services of IRTH Communications, LLC, Investor Business Network, Emerging Markets Consulting, LLC and Integrity Media, Inc. to provide investor relations services, public relations services , marketing or other related services, including for the promotion of the Company or its titles.
In order to finance its operations, the Company entered into convertible notes. The company disclosed those memos in its most recent filing with the Commission on Form 10-K, on pages 29 and 30, which can be accessed on the company’s Edgar page using this link:
https://www.sec.gov/ix?doc=/Archives/edgar/data/829325/000182912622008282/spyrinc_10k.htm
SPYR, Inc. encourages persons interested in investing in the Company to rely only on the information contained in its authorized press releases and its filings and disclosures with the Securities and Exchange Commission (available on the SEC website and on the Company’s website). All press releases issued by the Company are reviewed by outside securities advisers and confirmed by the Company as to their factual accuracy.
About SPYR Technologies
SPYR Technologies (SPYR) is a technology company that, through its subsidiary Applied Magix Inc., develops and resells products compatible with the Apple® ecosystem, with a focus on the growing multi-billion dollar markets. dollars from the IoT smart home and connected cars, as well as through its subsidiary GeoTraq. develops and manufactures fully autonomous and ultra-small mobile IoT (Internet of Things) modules: Trackertracker-M modules for asset tracking and location-based services, and Sensorsensor-M modules used for remote monitoring. SPYR continues to identify and target acquisitions that will expand its footprint in the industry and expand the products it offers to consumers, including companies developing artificial intelligence (AI) and smart technology products.
About GeoTraq
We have a vision of a simple, smart and connected world. We reinforce this vision with our autonomous and fully integrated mobile IoT modules. Our modules are designed with a small plug-and-play form factor for easy attachment of antenna, battery and sensors. Combined with low cost connectivity, GeoTraq creates a real return on investment for all customers.
About Applied Magix
Applied Magix, Inc. develops and resells products compatible with the Apple® ecosystem in the growing multi-billion dollar IoT smart home and connected car markets.
Forward-looking statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth. strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could adversely affect our business, results of operations, financial condition and stock price. We expressly disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except if required by law. Investor Contact: (303) 991-8000 ir@spyr.com
Company details :
SPYR inc.
6700 Woodlands Parkway, Suite 230 #331
The Woods, TX 77382
Email: tmatula@spyr.com
Investor Relations & Financial Media
Integrity Media Inc.
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