APPSOFT TECHNOLOGIES, INC. (OTCMKTS:ASFT) Files An 8-K Entry into a Material Definitive Agreement


APPSOFT TECHNOLOGIES, INC. (OTCMKTS:ASFT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement


On May 16, 2017, AppSoft Technologies, Inc. (the “Company”) entered into a letter agreement with Nathan Cavanaugh to assist the Company with developing marketing materials related to the Guuf LLC eSports tournament platform for competitive gamers that it acquired during 2016. The Company issued to Mr. Cavanaugh 5,000 shares of common stock in consideration for the services to be provided by Mr. Cavanaugh to the letter agreement.

After giving effect to the issuance of the shares of common stock to Mr. Cavanaugh under the letter agreement, the Company has outstanding 3,188,500 shares of common stock.


AppSoft Technologies, Inc. develops, publishes and markets mobile software applications for smartphones and tablet devices. The Company owns a portfolio of over 400 applications titles including games designed to appeal to a broad cross section of consumers and legal-related applications. The company’s primary focus is to release new game titles.The Company is developing a pipeline of independent game designers, developers and programmers who provide new ideas and titles to publish. The Company offers its game titles in both free advertisement-supported version and a paid version. The Company’s games include Jumping Chicken, Raid Pro, Ancient Man Warrior, Axe The Brave – Dragon Slayer, Apocalypse Jump Pro, and Avro Avenger Pro. The Company seeks to purchase application titles directly from developers or to create new application. Users can download the Company’s applications through direct-to-consumer digital storefronts such as the Apple App Store and Google Play Store.