Treasure & Shipwreck Recovery, Inc. Gives Galleon Quest Game Progress Update, Future Projections Release and Game Trailer
April 23, 2020 at 09:30 am EDT
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Treasure & Shipwreck Recovery, Inc. announced that its app game “Galleon Quest” is progressing through development for testing and release. As well the Company will be sharing revenue range projections based on industry conservative standards for the App Game. The Company has projected beta testing, alpha testing and release dates planned, and plans to release a game trailer of Galleon Quest within the next week. With the rise of isolation and stay at home orders, app gaming revenues which were already strong, is increasing dramatically. Previously, TSR announced that the Galleon Quest player app game for use on multiple platforms, including iOS, Android, Xbox, PC, Tablet, mobile and others. The Company and its developer Probability & Statistics, Inc. (P&S) of Palm Bay, Florida has maintained its production schedule for the game. Based upon market study and testing, the Company will release projections of revenue that are on the low end are near $3,000,000 for the first year and could reach mid tens of millions of dollars within the first two to three years. TSR will release the revenue projections over the next week. As well, the developer maintains that it will move through beta and alpha testing to a projected July release date. The developer is expecting to release a trailer of the Game within the next week which the Company will announce as well as publicize. The game is being designed to be free to play, with the opportunity to make in-app purchases for special game enhancements. In 2019, there was $88 Billion spent worldwide in mobile app in game purchases, this is expected to more than double by 2021 to over $160 Billion.
NAPC Defense, formerly Treasure & Shipwreck Recovery Inc., is engaged in the colonial era treasure shipwreck recovery business operating salvage crews on the east coast of Florida. The Company, through its wholly owned subsidiary, TSR Holdings, Inc., focuses on the recovery of sunken treasure from historic shipwrecks. The Company, through TSR Media Group, Inc. (TSR Media), develops various digital media properties. TSR Media is in the process of developing, through an outside app developer, a treasure search and salvage gaming app.