Swarmio Media Holdings Inc. (CSE: SWRM) (OTC: SWMIF) (GR: U5U) (“Swarmio” or “the Company”), a technology company focused on the global deployment of its proprietary gaming and esports platform, announces it has appointed Mr. Jonathan Visva as its Chief Financial Officer. Mr. Visva is a Chartered Professional Accountant, a U.S. Certified Public Accountant (Delaware), and he holds an MBA. He has more than 25 years of experience working with international conglomerates in the telecommunications, gas and real estate industries, where he gained significant accounting, auditing and reporting experience in North America and Europe.
Mr. Visva replaces Mr. Kyle Appleby, who had been supporting Swarmio as CFO on a part-time basis and was instrumental in the Company’s transition from private to public entity in 2021 and 2022. Mr. Appleby will continue to support the Company as an Advisor moving forward.
“The appointment of a full-time CFO is an important development for Swarmio as we seek to continue accelerating revenue growth in fiscal 2023,” commented Vijai Karthigesu, CEO of Swarmio. “During fiscal 2022 we signed partnerships with several of the world’s largest telcos to launch our Ember gaming and esports platform across the MENA region. These partnerships have now completed a soft launch stage, with Swarmio having successfully integrated payment technologies that enable gamers to pay for in-game content and other features using gamer e-wallet, direct carrier billing and direct top-up. As a result, these partnerships are entering a new period of growth during which Swarmio expects revenue generation will increase. We also expect to establish new relationships with game publishers, following on from our successful partnership with Tencent Games in the Philippines. I’d like to thank Mr. Appleby for his contributions to the Company over the past few years, and I’d like to congratulate Mr. Visva.”
Swarmio deploys its Ember gaming and esports platform to gamers through partnerships with telecommunications companies, who offer the Ember product to their customers as an add-on service. Subscribers to the Ember platform enjoy an ultra-low-latency playing experience, access to exclusive competitive challenges and tournaments, unique gaming content, managed communities, gamification and points system, online store, and gamer e-wallet.
During fiscal 2022 Swarmio announced it had signed revenue share agreements with Telekom Malaysia, Globe Telecom (Philippines), Ooredoo (Tunisia), and Etisalat (UAE). Swarmio also signed an agreement with UniPin, the world’s leading provider of in-game digital content, giving Ember subscribers access to an unlimited supply of unique digital content and products which can be purchased inside games without interruption using alternative payment channels that don’t require a credit card.
Revenues generated from subscriptions and profit from transactions carried out within the Ember platform through its integrated ecommerce and fintech solutions are subject to revenue share agreements between Swarmio and its telco and game publisher partners.
About Ember by Swarmio
Swarmio’s fully managed, plug-and-play Ember platform can be quickly and seamlessly integrated with major telco operations, allowing telcos to engage and monetize gaming subscribers and gain immediate and meaningful access to the US$200 billion gaming market.
Ember provides a proprietary digital hub for gaming communities, allowing gamers to access an ultra-low-latency playing experience, competitive challenges and tournaments, exclusive gaming content, managed communities, gamification and points system, online store (Swarmio Store), gamer e-wallet (Swarmio Pay), and customized digital content.
Ember also enables game publishers and developers to reach, engage and monetize the 2 billion gamers in Asia, Africa, the Middle East and Latin America, where credit card penetration is relatively low and access to bank accounts is limited. By partnering with telecom operators, Swarmio enables gamers to purchase Ember’s exclusive services, solutions and in-game items and content using telco payment channels such as digital wallets and Direct Carrier Billing.
To learn more, visit any of Swarmio’s Ember partner sites:
Globe Telecom (Philippines): https://globe.emberhub.gg/
Ooredoo (Tunisia): https://ooredoo.emberhub.gg/
Etisalat (UAE): https://hub.arenaesports.ae/
SLTmobitel (Sri Lanka): https://esports.slt.lk/
About Swarmio Media
Swarmio Media (CSE: SWRM; OTC: SWMIF; GR: U5U) is a technology company focused on deploying its proprietary end-to-end gaming and esports platform, Ember, which enables telcos to monetize their gaming customers. Swarmio has engaged with several telcos that have launched Ember as an add-on service, allowing subscribers to access tournaments, engage in a localized gaming community, challenge friends and influencers, and earn points that can be used to purchase gaming content. Ember is powered by Swarmio’s patented Latency-Optimized Edge Cloud (‘LEC’) technology, which reduces lag and allows gamers to enjoy an optimized gaming experience.
To learn more about Swarmio Media, please visit:
Swarmio Investor Website (https://ir.swarmio.media