New SPYR, Inc. CEO Aggressively Following His Agenda to Build a Much Stronger Company

NEW YORK, NY--(Marketwired - March 19, 2015) - On February 1, James R. Thompson, Esq. took the reins at SPYR, Inc. (OTCQB: SPYR), formerly Eat at Joe's, Ltd., after being named the company's CEO, President and General Counsel. From day one, Thompson hit the ground running and has aggressively transformed Eat at Joe's into SPYR and SPYR into a digital media holding company, with an initial focus on digital publishing and advertising.

Thompson came on board with more than $6.7 million available in SPYR's coffers and what appears to be the strongest balance sheet in the company's history. According to a Form 8-K filed on January 7, 2015, two creditors holding combined notes payable totaling principal of $10,763,611 and interest of $268,686, agreed to completely extinguish all amounts owed to them in exchange for the company's issuance of non-interest-bearing shares in a series of preferred stock.

With a strong balance sheet, SPYR's CEO has confidently announced significant plans for the company. It's very rare in the public space, especially on the OTC exchange, for a CEO to immediately announce a "to-do list" and then actually accomplish each item on that list as promised. But, Thompson has done just that! One day after taking the helm at SPYR, the CEO released a list of expectations for the company.

  • Announce new directions and initiatives for Eat at Joe's -- Check!

Needless to say Thompson and the Board of Director's hit a homerun here, as they clearly had a new direction in mind, and then three weeks after the CEO's mandate, he pulled it off with the acquisition of Franklin Networks, Inc., a digital publishing and advertising company, and its eight online brands: Flawless.comEntré;;;;;; and

  • Make important additions to the company's management team -- Check!

Thompson named Harvard Law grad Jennifer Duettra to the position of Executive Vice President and Assistant General Counsel one week after his statement. Duettra, an accomplished litigation and transactional attorney, brings her varied legal experience in business transactions and commercial litigation to SPYR.

Three weeks after Duettra's appointment, Thompson named former Franklin Networks CEO, Mark McGarrity, as SPYR's Chief Information Officer. McGarrity will lead the continued growth of the company's digital operations by continuing to develop the company's existing assets and by assisting existing management with the identification and evaluation of future asset acquisition opportunities.

  • May include a name change, to better reflect the new direction and business -- Check!

After the company acquired Franklin Networks, Thompson moved quickly to brand the company with a name more fitting with its new industry. SPYR, Inc. was born because, as the CEO said, "the name SPYR (a play on the word Spire) clearly indicates to the marketplace where we intend to go: to the top of our industry." The company amended its articles of incorporation changing its name to "SPYR" and also applied for and received regulatory approval to change its ticker symbol to "SPYR."

  • Establish the Company's new corporate headquarters in Denver -- Check!

As announced in a recent press release, Thompson said that SPYR has entered into a lease for office space that will serve as the company's new corporate headquarters in Denver, Colorado. He said the company would formally change its corporate headquarters to this location when its leased premises are ready for occupancy, which is expected to be in late April or early May.

This completed "to-do list" appears to be just the beginning at SPYR as well. In a press release dated March 13, 2015, Thompson said, "In the coming weeks, I will begin to more clearly explain the company's direction and strategy for what we expect will be rapid growth."

This does not sound like a CEO who is ready to rest on his early accomplishments. Thompson has surrounded himself with a strong team of executives, he's pushed the company into a multi-billion dollar industry and he's clearly ready for SPYR, Inc. to be a player in that space. For investors, you can't ask for a better start to a CEO's tenure, and you can't wait for what's next on his aggressive agenda!

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Stock Market Media Group is an exclusive publisher for news, updates, alerts and information on SPYR, Inc. ["SPYR"]. Our publications about SPYR are based solely upon SPYR's authorized press releases, and SPYR's legal disclosures made in SPYR's filings with the U.S. Securities and Exchange Commission. Before we publish any SPYR related content, our articles undergo compliance reviews and factual verifications, including written confirmation of the facts we publish from SPYR, and separately from SPYR's Legal Counsel for Securities and Regulatory compliance, Mailander Law Office, Inc.

Separate from the confirmed factual content of our articles about SPYR, we may from time to time include our own opinions about SPYR, its business, markets and opportunities. Any opinions we may offer about SPYR are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice, or construed or interpreted as research. Any investment decisions you may make concerning SPYR or any other securities are solely your responsibility based on your own due diligence. Our publications about SPYR are provided only as an informational aid, and as a starting point for doing additional independent research. We encourage you to invest carefully and read the investor information available at the web site of the U.S. Securities and Exchange Commission at:, where you can also find all of SPYR's filings and disclosures. We also recommend, as a general rule, that before investing in any securities you consult with a professional financial planner or advisor, and you should conduct a complete and independent investigation before investing in any security after prudent consideration of all pertinent risks.

We are not a registered broker, dealer, analyst, or adviser. We hold no investment licenses and may not sell, offer to sell or offer to buy any security. Our publications about SPYR are not a recommendation to buy or sell a security.



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