CORAL SPRINGS, Florida, June 25, 2015 /PRNewswire/ --

Mobile game developers & publishers have the consumer market on their side as the amount of smartphone & tablet users are expected to grow exponentially over the next five years. Gaming Companies making headlines recently are Tapinator, Inc. (OTC: TAPM), Electronic Arts Inc. (NASDAQ: EA), Activision Publishing, Inc. (NASDAQ: ATVI), Take-Two Interactive Software, Inc. (NASDAQ: TTWO) and International Game Technology PLC (NYSE: IGT)

Tapinator, Inc. (OTC: TAPM), a developer and publisher of mobile games on the iOS, Google Play, and Amazon platforms, today announced that Andrew Merkatz has joined the Company as President & CFO. Mr. Merkatz, a finance executive with 20 years of experience as both an investor and operator in high growth media and technology companies will, among other things, lead Tapinator's corporate development and acquisition strategy. Mr. Merkatz spent the past seven years focused on technology investments as a Managing Director at Vision Capital, an investment firm which, at its peak, managed in excess of $700mm across a variety of funds. In 2007, Mr. Merkatz co-founded Familybuilder, along with Tapinator's CEO Ilya Nikolayev. Familybuilder developed and operated Family Tree, the largest family app on Facebook (NASDAQ: FB) with 45 million users, prior to the successful sale of the Company in 2011. In 2013, Mr. Merkatz and Mr. Nikolayev co-founded InAppFuel, a developer of a patent-pending casino minigame software for mobile game developers that was acquired by Tapinator in September 2014. Mr. Merkatz, whose complete bio can be found at http://www.tapinator.com/aboutus, holds an M.B.A. from Harvard Business School and a B.A. in Economics, with distinction, from the University of Pennsylvania.

Read the full TAPM release along with an announcement that Tapinator Completes $2.0 Million Strategic Financing With Hillair Capital at http://www.financialnewsmedia.com/profiles/tapm.html

Tapinator also announced this week that it has raised $2.0 million in gross proceeds from a recently completed institutional financing. Proceeds from the non-brokered private placement will be used to support current expansion initiatives, including the continued marketing and development of Tapinator's broad mobile game development portfolio and pipeline, as well as the hiring of additional senior executive and engineering talent. In addition, proceeds may be invested in mobile gaming acquisitions that are deemed by the Company's Board to be synergistic and accretive to Tapinator's business plan. The financing was completed with institutional investment firm Hillair Capital Investments L.P. through the sale of a $2.24 million 8% senior secured convertible debenture due January 1, 2017 with an initial conversion price of $.205 per share, five-year warrants to purchase 10.9 million shares at an exercise price of $0.30 per share, and five-year callable warrants to purchase 10.9 million shares at an exercise price of $0.30 per share which are exercisable only upon a payment default. Certain officers, directors and other affiliates of the Company have pledged 29 million shares as security for the debenture. Click the link above or go here to read this full announcement at http://finance.yahoo.com/news/tapinator-completes-2-0-million-130000341.html

In other gaming/mobile game apps news and happenings: Electronic Arts Inc. (NASDAQ: EA) announced this month that EA SPORTSTM NHL(R) 16 will be hitting store shelves on September 15, 2015 in North America and September 17, 2015 in Europe. Built with more fan feedback and insights than ever before, NHL 16 delivers your most requested features and modes along with new experiences that make NHL bigger and better. With new levels of depth across single player and team modes, combined with improved gameplay balance and innovation as well as new tools to help you play at your highest level, NHL 16 puts you into the heart of a team, where you'll play together and win together.

Activision Publishing, Inc. (NASDAQ: ATVI) and Bungie, together with energy drink category leader Red Bull announced a partnership that will bring an epic new quest to players of the popular sci-fi action adventure game franchise Destiny via custom-designed Red Bull(R) Energy Drink cans, inviting consumers across the United States and Canada to Become Legend, making this the first time a video-game, or any third party brand, has ever appeared on the iconic Red Bull can.

2K, a wholly owned label of Take-Two Interactive Software, Inc. (NASDAQ: TTWO), announced that NBA 2K16 will feature Michael Jordan on the cover of this year's Special Edition. The next iteration of the NBA video game simulation series that's been top-rated for the last 15 years*, will celebrate Jordan's Hall of Fame legacy and give fans even more options to customize their in-game experience.

International Game Technology PLC (NYSE: IGT) Wheel of Fortune slots continued their life-changing legacy and awarded $1,129,125 to a lucky player at The Venetian Las Vegas on June 7, 2015. This is the third, million-plus jackpot paid out at The Venetian on a Wheel of Fortune slot since September 2014. The winner wished to remain anonymous.

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