DNA Dynamics, Inc Builds Licensing Program for Slam Tech
LONDON, May 11, 2011 /PRNewswire/ — Slam Productions LTD, a subsidiary of DNA Dynamics, Inc (PINKSHEETS: DNAD) is today detailing how their Rapid Application Development Platform will be monetized through a licensing model to the wider videogames and mobile app industries.
The SLAM Engine is the Rapid Development Platform created and used by Slam Productions to develop their game and applications. It allows the company to develop a single game or application and then rapidly publish to multiple platforms such as PC, iOS(TM), Android(TM), Sony (TM) PSP(TM), Nintendo(TM) DS(TM) and Wii(TM) without the requirement to reengineer each application specifically per device. With few key competitors in this space and the potential to create a multi-million dollar revenue streams the team at Slam believe they can become a serious player in this space.
Commenting on the move, CEO of DNA Dynamics Ed Blincoe said, “We are investing heavily in Slam Productions and it is really turning into a diamond in the rough in the mobile space. By creating a license strategy for the Slam Engine itself, we essentially create a revenue stream which can create a healthy revenue stream.”
DNA Dynamics, Inc recently announced that it had closed the acquisition to acquire 100% of Slam Productions Limited and had also reduced the Authorized share capital from 950m to 350m as well as increasing the share par value from $0.0001 to $0.001 as a sign of increased faith in the share capital of the business.
About Slam Productions LTD:
Slam Productions is a Videogames developer based in Leamington Spa, Warwickshire. Slam creates Games and Apps for Mobile Devices and handheld consoles using our proprietary Rapid Application Development tool, The Slam Engine. Slam has created over 15 games across 7 platforms in 3 years including some large TV brands and IP. In 2010 Slam was named by Develop Magazine as one of the top 100 most successful game studios in the world.
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.
SOURCE DNA Dynamics, Inc