ST. PETERSBURG, Fla., April 23, 2020 (GLOBE NEWSWIRE) — Via NetworkWire — Treasure & Shipwreck Recovery, Inc. (“TSR” or “the Company”), currently trading on the OTC:BLIS, is proud to announce 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 Galleon Quest game has now become the most dramatic revenue velocity maker for our company, which will be the largest and fastest of our three prongs of business development. The intensity and interest in the treasure search-based mobile game app has been incredible. TSR Media division will be a fast revenue leader, which we believe will make the Company self-sufficient for all its treasure related operations,” stated Chairman and President Craig A. Huffman. “I can’t thank P&S enough for their continued hard work through these tough times, showing their talent and ability which will make TSR more profitable sooner than expected.”
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.
About Treasure & Shipwreck Recovery
TSR is a three fold treasure related company, with its own recovery vessels and partners, it has made recoveries, and holds hundreds of miles of research areas. TSR has its treasure recovery part of the Company as well as its Media Group for television, gaming and Media matters such as its gaming portion and its television side being developed. All three components will make up the triad of revenue sources and business development.
About Probability and Statistics
Probability and Statistics, Inc. (P&S) is a math and science company headquartered in Florida’s Space Coast. They solve some of the world’s most difficult challenges by developing integrated solutions powered by the latest technologies in blockchain development, artificial intelligence, additive manufacturing, multi-physics computations & specialized software application development.
P&S has footprint that spans government, healthcare, finance, supply chain management, aerospace, aviation, oceanography and private industry. From consumer products to enterprise-class solutions, P&S’ unique process infuses cutting-edge design theory and extraordinary technical prowess with data collection, organization, analysis, interpretation, prototyping and production; all to create revolutionary solutions for real-world problems.
Our updated web site includes the new Media Group Page at www.treasurewreck.com.
FORWARD LOOKING STATEMENTS: This press release and the statements of representatives of TSR. (the “Company”) related thereto contain, or may contain, among other things, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are “forward-looking statements,” including any other statements of non-historical information. These forward-looking statements are subject to significant known and unknown risks and uncertainties and are often identified by the use of forward-looking terminology such as “guidance,” “projects,” “may,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “ultimately” or similar expressions. All forward-looking statements involve material assumptions, risks and uncertainties, and the expectations contained in such statements may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results (including, without limitation, TSR’s ability to advance its business, generate revenue and profit and operate as a public company) could differ materially from those stated or anticipated in these forward-looking statements as a result of a variety of factors, including factors and risks discussed in the periodic reports that the Company files with OTC Markets (Pink Sheets). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. The Company undertakes no duty to update these forward-looking statements except as required by law.