Efftec Provides Details and Values of YamYam Asset Suite
November 05 2013 - 8:30AM
Marketwired
Efftec Provides Details and Values of YamYam Asset Suite
TULSA, OK--(Marketwired - Nov 5, 2013) - Efftec International,
Inc. (OTC: EFFI): Efftec is pleased to provide the following
information on the assets of YamYam.
YamYam fully owns the 100% developed and operational IP
infrastructure which underlies over 35 mobile products which have
been successfully brought to market, including casino games,
large-scale fantasy RPG games ("MMPORG's") which can handle
hundreds of thousands of online players at once, GPS-based mobile
tracking systems, and more. These various technologies and
architectures have been developed from the ground up by YamYam's
founder, and will be further exploited through a variety of new
product launches.
YamYam has a number of applications which are over 90% complete
and expects to complete development in short time. The Company will
provide further details on these products and other upcoming
contracts shortly.
Timothy Page, founder and CTO of YamYam, has developed a broad
suite of mobile applications under a variety of contractual
arrangements over the last years including multiple mobile
Enterprise applications for small businesses, and games
applications for such large names as Mattel™. Tim has also been a
key contributor to regulated mobile gaming content development and
architecture with Cantor Fitzgerald™, whose wireless wagering
system is deployed in The Hard-Rock Casino, The Venetian, The
Cosmopolitan, and the M Resort, all in Las Vegas.
The Company has thoroughly evaluated YamYam's current asset
package, and in the near-term will explore obtaining an independent
3rd party IP valuation. Many will not be listed here as they are
either currently active, or exist for products already in
late-stage (past 90%) development.
These values are quite conservative and based on a minimal
cost-to-rebuild, whereas once evaluated, a sector-specific
valuation multiple will likely be applied, providing a valuation of
2x to 3x the cost-to-rebuild.
- RPG Server technology with Cloud-based role playing game server
build + data objects/constructions -- $350,000
- RPG Clients for iOS™ and Android™ -- $150,000
- RPG infrastructure tools for database construction --
$100,000
- Mobile Framework and Graphics Libraries for iOS™ and Android™
games based on OpenGL -- $125,000
- Mobile GPS tracking system -- applicable to the iOS™, Android™,
Windows™, and BlackBerry™ platforms -- $250,000
- Game Catalog -- existing mobile game products/components
developed for clients, applied as a basis for future products on
the iOS™, Android™, Windows™, and BlackBerry™ platforms --
$200,000
The total value of YamYam's asset suite is over $1,250,000 based
on ground-up development cost.
Efftec International, Inc. (OTC: EFFI) is a holding company with
four wholly owned operating subsidiaries. Efftec's core focus is on
the acquisition and development of proprietary technologies. The
Company is actively expanding its footprint in the technology
marketplace through acquisitions of profitable, revenue-producing
companies with proven business models.
Safe Harbor: This Press Release may contain, among other things,
certain forward-looking statements, including, without limitation,
(i) statements with respect to the Company's plans, objectives,
expectations and intentions; and (ii) other statements identified
by words such as "may," "could," "would," "should," "believes,"
"expects," "anticipates," "estimates," "intends," "plans" or
similar expressions. These statements are based upon the current
beliefs and expectations of the Company's management and are
subject to significant risks and uncertainties. Actual results may
differ from those set forth in the forward-looking statements.
These forward-looking statements involve certain risks and
uncertainties that are subject to change based on various factors
(many of which are beyond the Company's control).