MySQUAR said its gaming business has continued to achieve very encouraging results after the release of the game Hawk Hero on 12 September 2016.
The Company is also providing an update in respect of its planned mobile payments and VoIP businesses which have also made encouraging progress.
CEO Eric Schaer said:
"The strong performance of our second major game is an exciting development and provides remarkable monetisation for such a young company in our field. Our plan to introduce a new game approximately every other month is well on course and we see considerable revenue growth going forward.
"We have also gained valuable understanding of the Myanmar mobile gaming market and are confident that many of the future games will be even better placed than their forerunners.
"In addition, I am very pleased with the preparation progress for mobile payment and VoIP services and we are looking forward to demonstrating to shareholders the economic synergies of the company's different businesses."
At 9:45am: (LON:MYSQ) Mysquar Limited share price was +0.38p at 5.25p