Freeze Tag Announces Encouraging Test Results of Its Party Animals: Dance Battle Game · Freeze Tag

Freeze Tag Announces Encouraging Test Results of Its Party Animals: Dance Battle Game

The one-week retention rate has increased over 350% and average revenue per day has increased over 996% from the initial market test

TUSTIN, Calif., April 23, 2014 — Freeze Tag (OTC:FRZT), a leading creator of mobile social games, today announced it has achieved encouraging beta test results of its newest free-to-play title called Party Animals®: Dance Battle.

“The early results of our latest tests have surpassed our expectations,” said Craig Holland, CEO of Freeze Tag. “Compared to our initial market test version, we’ve been able to move the needle in all of the important metrics in free-to-play games, including the vital areas of retention and monetization.”

After analyzing the results of the first market test, the Freeze Tag development team was able to make several design changes which have resulted in positive reactions from people downloading and playing the second test version of the game in the United States. Retention rate is the percentage of players coming back to use a mobile application after downloading it. Freeze Tag announced that the Day 1 retention rate has increased 62% and the Day 7 retention rate has increased over 350% from the previous version. In the area of monetization, more players are spending money through in app purchases in the test version of the game that is currently live in the U.S.. The average revenue per daily active user has shown dramatic improvement, with an increase of over 996% from the first test version of the game.

Mr. Holland concluded, “Based on these very encouraging beta test results, we will make a few more design changes and then update the game in the App Store and move to the next round of testing. During this next round, we will begin to advertise on various platforms to acquire a larger number of users, and identify additional areas of the game that need improvement.”

About Freeze Tag, Inc.

Freeze Tag, Inc. is a leading creator of mobile location-based games for consumers and businesses. Our portfolio of location-based games combines real-world exploration with interactive technology, creating experiences that bring people together to play, discover, and engage with the world around them. Our flagship game Munzee is a fantasy adventure that transforms the real world into a realm of exploration, with more than 16 million locations worldwide where players can discover magical game pieces, encounter mythical creatures, earn rewards, and connect with a global community. Eventzee is a customizable mobile scavenger hunt platform that helps businesses and organizations create branded virtual, in-person, and hybrid experiences for team building, tourism, conferences, downtowns, and more, with 10 challenge types and app customization options. Additional titles in the Freeze Tag portfolio include WallaBee, a global collecting adventure with thousands of illustrated digital items to discover; Painted Rocks, an app for tracking and sharing painted rocks and messages of kindness; and SkyDrift, a peaceful experience that combines live weather data with digital balloons to create journeys across the real world. For more information about Freeze Tag, go to: https://www.freezetag.com.

Forward-looking statements

This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, our ability to market our games, and our ability to implement new changes and release them. We undertake no obligation to revise or update any forward-looking statement for any reason.

Contact

press@freezetag.com
Originally published at freezetag.com/freeze-tag-announces-encouraging-test-results-of-its-party-animals-dance-battle-game