AppSwarm and Elluminati Finalize Exclusive Licensing and Strategic Alliance Agreement

Rhea-AI Summary

AppSwarm has entered into a Strategic Alliance and Licensing Agreement with Elluminati Inc., expanding its capabilities in mobile application development and blockchain technology. The partnership aims to leverage collective strengths to introduce new products in the North American market, improve existing technologies, and develop business software solutions. AppSwarm anticipates enhancing its COLONY division with blockchain integration and aims to update stakeholders on further developments shortly.

Positive

• Entered into a strategic alliance with Elluminati Inc.
• Enhances mobile application and blockchain capabilities.
• Aims to introduce new products in the North American market.
• Plans to develop tailored business software solutions.

Negative

• None.

TULSA, OK, Nov. 01, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – AppSwarm, Corp. (OTC: SWRM) A collective of creative and technological minds focused on mobile application development, cybersecurity solutions, cryptocurrencies, NFTs, and digital marketing solutions has entered into an exclusive Strategic Alliance and Licensing  Agreement with Elluminati Inc.

Elluminati is a software development company located in India, with its main focus being the development of Mobile and Computer Applications and recently have expanded its horizons to the world of Blockchain Technology.  Elluminati’s development team comprises approximately 85 Software developers, and they anticipate having 100 software developers by early 2023.

President and CEO of AppSwarm Christopher Bailey is quoted as saying, “This alliance opens new doors for AppSwarm and allows us to utilize our collective efforts in bringing new products to the North American Marketplace, as well as the further development and improvement of existing technology, applications and new technology development projects in North America.  AppSwarm will now have the capability to integrate blockchain research and development in our COLONY division. We are also working together at the HIVE to contribute to the production of business software solutions tailored for USA-based professional services, including e-delivery and transportation solutions. Joining forces with Elluminati is an exciting new horizon for AppSwarm.”

AppSwarm will release more detailed information in the coming weeks and update the AppSwarm website to reflect new projects and products. For updates on our projects please visit https://www.app-swarm.com

About APPSWARM

AppSwarm is a technology company specializing in accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. AppSwarm partners with and assists other development firms in technology development, business management, and funding needs.

For more information, visit us at www.app-swarm.com or follow us on Facebook: www.facebook.com/AppSwarm Twitter: https://twitter.com/AppSwarm or Instagram: https://www.instagram.com/appswarm/

Forward-Looking Statements:

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements that are subject to risk and uncertainties including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk, and other risks detailed from time to time in the Company’s filings with OTCMarkets.com and as required to the Securities and Exchange Commission. These risks could cause SWRM’s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company.

Investor and Media Contacts: 
AppSwarm, Corp.
888-886-8583
info@app-swarm.com

FAQ

What is the recent news about AppSwarm (SWRM) in November 2022?

AppSwarm announced a strategic alliance and licensing agreement with Elluminati Inc., focusing on mobile app development and blockchain technology.

How will the AppSwarm and Elluminati partnership impact the market?

The partnership aims to enhance AppSwarm's product offerings in the North American market and improve technology integration.

What developments can we expect from AppSwarm (SWRM) following the alliance?

AppSwarm plans to update stakeholders on new projects and products related to the strategic alliance in the coming weeks.

Who is Elluminati and what is their role in the AppSwarm (SWRM) partnership?

Elluminati is a software development company specializing in mobile and computer applications and blockchain technology, collaborating with AppSwarm for product development.