LONDON, June 27, 2013 /PRNewswire/ --
Mowjow Plc publishes its Annual Report and Audited Financial Statements for the fiscal year 2013 and reveals a New Game to be launched shortly.
Mowjow Plc (http://www.mowjow.com) is a London based social gaming company creating innovative money games for mobiles and tablets. Mowjow is based in London, with subsidiaries and development teams in several locations within Europe and the US.
In the Annual Report and Audited Financial Statements for the fiscal year 2013 Mowjow records a fully paid equity of nearly €2 million and has invested substantial resources in an innovative, proprietary gaming- and social rewards platform. During the fiscal year Mowjow has been in development stage and not recorded any revenue. However, with a unique gaming concept currently in private beta; Mowjow is at the cusp of commercial launch and expect significant revenues in the next fiscal years.
Mowjow's subsidiaries Mowjow Gaming Ltd. and Mowjow Technology Ltd. previously held two gaming licenses issued by the Lotteries and Gaming Authority (LGA) in Malta. In 2012 these licenses were terminated and the strategy was revised to focus on skill-based games with a true global potential.
Mowjow's unique gaming model is based on skill as opposed to games of chance. In legal terms the Mowjow game is not regarded as gambling despite having real money fees and prizes. Mowjow's unique gaming model opens up to play for real money in previously restricted and inaccessible markets like in particular the US, which represents a major share of the digital economy.
Mowjow offers an amazing social gaming concept tailored towards a huge untapped global target audience people who don't consider themselves gamblers; a fast growing and massive target audience that could be measured in billions of people always accessible on their mobiles and tablets.
With innovative technology and an attractive product, coupled with novel and rewarding social marketing schemes, Mowjow is capitalizing on the emerging trends in interactive gaming and social marketing. Mowjow's vision is to become a benchmark in social money games and by that generate excitement and adrenaline, with a reputation for safety, security and top quality customer service, while also upholding the interests of the stakeholders.
London, June 27, 2013
The Directors of Mowjow Plc
Mowjow is an online social gaming company providing a unique skill based social money game that lies in crossroad of some of the largest and fastest growing industries - interactive/social gaming and mobile applications. Mowjow's unique gaming model opens up to play for real money in previously restricted and inaccessible markets like in particular the US, which represents a major share of the digital economy. Mowjow offers a true global social gaming concept aimed at all the people who don't consider themselves gamblers. This target audience could be measured in billions of people. Mowjow is based in London, with development teams and operations in several locations within Europe and the US. The Norwegian entrepreneur Andreas Christensen founded Mowjow in 2008. See: http://www.mowjow.com.
For further information, please contact:
Mr. Matthew E. Alleyne, Chief Marketing Officer
Tel 0845-2264-253, Email: email@example.com
SOURCE Mowjow Plc