Freeze Tag Announces Positive Q1 2019 Results
TUSTIN, CA / ACCESSWIRE / May 16, 2019 / Freeze Tag ( OTC PINK: FRZT ), a leading creator of location-based mobile social games, today announced they have released their Q1 2019 financial report. Based on a much improved year-over-year performance, Freeze Tag management looks forward to continued success throughout 2019.
“The first quarter brings winter weather in the northern hemisphere, so it’s typically a challenging time period for us because our games are location-based and our players have more difficulty going outside to play,” said Craig Holland, CEO of Freeze Tag, “So we’re delighted to announce positive results for Q1 2019.”
In addition to the positive financial results for the quarter, Freeze Tag began implementing growth marketing programs to capitalize on the launch of the Munzee 4.0 app. To date, those efforts have been very successful, resulting in thousands of new users signing up to become Munzee players.
The economic impact of these new players is already rippling through the company, with many players taking advantage of high-end products, like Mythological Munzees and Pouch Creatures, within weeks of playing. Literally hundreds of new players are signing up to play Munzee every day, and we are excited to welcome them to the Freeze Tag family.
More celebration is coming soon. In July of 2019, Munzee, as a game, will be 8 years old. Many loyal players who began playing back in 2011 are still actively playing Munzee today. The plans for a world wide Munzee 8th birthday celebration will be announced in the near future.
For more information about Freeze Tag, Inc., past press releases, financial information and more, go to www.freezetag.com
About Freeze Tag, Inc.
Freeze Tag, Inc. is a leading creator of mobile location-based games for consumers and businesses. Our portfolio includes hits such as Munzee, a social platform with over 8 million locations worldwide and hundreds of thousands of players that blends gamification and geolocation into an experience that rewards players for going places in the physical world, Garfield Go, a Pokemon Go style augmented reality game based on the iconic cat Garfield, WallaBee, an addictive collecting game with over 2,200 beautifully drawn digital cards, as well as many social mobile games that provide endless hours of family-friendly fun. We also offer our technology and services to businesses that want to leverage mobile gaming in their marketing and branding programs. For example, our Eventzee solution allows businesses to create private scavenger hunts in physical places such as malls, tradeshows, company events or campuses to create immersive brand experiences. For more information about Freeze Tag, go to: http://www.freezetag.com
Forward Looking Statements
This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, our ability to market our games, and our ability to implement new changes and release them. We undertake no obligation to revise or update any forward-looking statement for any reason.
SOURCE: Freeze Tag, Inc.