AppSwarm (SWRM) Reports Profit for 2016, Receives Upgrade


(NEW YORK)–AppSwarm, Inc. (OTCMKTS: SWRM), a company that focuses on the acquisition and development of application-based technologies, receives upgrade as the company reports a profit in its 2016 fiscal year end earnings.

Reports Profit for 2016

For the twelve months ended Dec. 31, 2016, the Company reported today revenues of around $589,000, which compares to just $0 for the same twelve month period in 2015.

For twelve months ended Dec. 31, 2016, the Company reported a net income profit of $540,451, or a $0.01 EPS, as compared to a net loss of ($2,115), or EPS of ($0.001) per share during the same period in 2015.

Low PE Multiple

Based on its reported profit, SWRM stock is still only trading below a PE of 2 based on its $0.01 EPS earnings. Giving the fast growth aspect of small cap stocks of this nature a simple PE of 20 to even 40 times earnings would value this stock around $0.20 to $0.40 based on trailing 2016 earnings.

The Company stated they expect continued revenue and net operating profit growth in fiscal year 2017. Dependent upon the release to market of mobile app projects currently in development, and the completion of one or more acquisitions, the revenue and operating profit could see significant growth over the next eighteen months.

Recent Upgrade

Based on this move to profitability, postive guidance for 2017, and low PE value, SWRM was recently upgraded by Ludlow Research, a small cap equity research firm based out of New York City. In the report, Ludlow Research made note that SWRM’s growing revenues, profitability, new acquisitions, expansion into mobile eCommerce, retirement of toxic debt, and low market capitalization provides for an intriguing value trading opportunity. A copy of their most recent research update can be found at http://www.ludlowresearch.com/reports.html

About AppSwarm

AppSwarm, Inc. is a technology development and incubation company focused in accelerating the development of mobile applications and technology, fast-tracking product to market. AppSwarm partners with application developers through joint ventures, royalty agreements, marketing partnerships, and outright purchase agreements. www.app-swarm.com

Follow them on Facebook https://www.facebook.com/AppSwarm or Twitter https://twitter.com/appswarm


Disclaimer:

This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Ludlow Capital, Inc (“Ludlow”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. Ludlow, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Ludlow was compensated three thousand five hundred dollars, by third party, for ongoing media advisory services, and thus should be considered a possible conflict of interest when reviewing this report and information. Ludlow, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.

Safe Harbor Statements:

This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

Forward-Looking Statements This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

High Risk

Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial advisor before making any and all investment decisions when investing in these type of securities.