Business & Finance
Business and Finance
Business and Finance
Tue, February 10, 2009 Mandalay Media?s Subsidiary Twistbox Entertainment Enters Into Agreement With Gameloft to Launch Play for Prizes Titles on Mobi
LOS ANGELES--([ BUSINESS WIRE ])--Mandalay Media, Inc.'s (OTCBB: MNDL) wholly-owned subsidiary Twistbox Entertainment, Inc. (Twistbox), announced today that it has entered into an agreement to integrate its play-for-prizes platform with Gameloft, a leading global publisher and developer of digitally distributed video games. Under the agreement, Twistbox will use its proprietary play-for-prizes mobile platform to enable users to play Gameloft's best selling Block Breaker Deluxe game on mobile phones. The Company's play-for-prizes service operates on a revenue share basis with major mobile operators and publishers in the United States and Europe.
"We are excited to be working with Gameloft to create a new and innovative way to build on its great Block Breaker franchise," stated Twistbox CEO Ian Aaron. "Users will now be able to enjoy the same legendary Block Breaker Deluxe game play while competing against other subscribers for an array of prizes from leading retailers including Starbucks, Amazon, Best Buy, Target, and Apple."
About Gameloft
Gameloft is a leading international publisher and developer of digitally distributed video games. Established in 1999, it has emerged as one of the top innovators in its field. The company creates games for mobile handsets equipped with Java, Brew or Symbian technology. The total number of games-enabled handsets is anticipated to exceed four billion units by 2012. Gameloft games are also available to players on WiiWare and DS, Microsoft's Xbox LIVE Arcade, Apple's iPod, iTouch and iPhones, and PCs. Through agreements with major telephone wireless carriers, handset manufacturers, specialized distributors and its online shop, Gameloft has a distribution network in over 80 plus countries.
Through agreements with major telephone wireless carriers, handset manufacturers, specialized distributors and its online store, Gameloft has a distribution network in 80 countries.
Gameloft has worldwide offices in New York, San Francisco, Seattle, Montreal, Mexico, Buenos Aires, Bogota, Sao Paulo, Santiago Paris, London, Cologne, Milan, Madrid, Lisbon, Copenhagen, Warsaw, Helsinki, Vienna, Bucharest, New Delhi, Seoul, Kuala Lumpur, Jakarta, Beijing, Hong Kong, Singapore, Tokyo and Sydney. Gameloft is listed on Euronext Paris (ISIN: FR0000079600, Bloomberg: GFT FP, Reuters: GLFT.PA)
About Twistbox Entertainment, Inc.:
About Mandalay Media, Inc.:
Managed by leading media and technology industry executives, the Company's mission is to build a unique combination of new media distribution and content companies through acquisitions with domestic and foreign businesses with strong management teams and historical financial performance. Through its wholly-owned subsidiary Twistbox Entertainment, Inc., the Company is a leading global producer and publisher of mobile entertainment. Twistbox has exclusive licenses with industry-leading brands, direct distribution with more than 120 wireless operators in over 45 countries and provides an extensive portfolio of award-winning games, WAP sites and mobile TV channels.
For more information, please visit [ www.mandalaymediainc.com ] or [ www.twistbox.com ].
Safe Harbor:
This press release contains forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "estimate", "expect", "anticipate" or "believe" and statements in the future tense are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual events or actual future results to differ materially from the expectations set forth in the forward-looking statements. Some of the factors which could cause the Company's results to differ materially from the expectations include the following: consumer demand for the Company's products; consumer spending trends; fluctuations in the currencies of the countries in which the Company operates against the US dollar; timely development and release of the Company's products; competition in the industry; the Company's ability to manage expenses; the Company's ability to manage and sufficiently integrate acquisitions of other companies; adverse changes in the securities markets; and other factors described in our filings with the SEC, including our Annual Report on Form 10-KT for the transition period from January 1, 2008 to March 31, 2008. The Company does not undertake, and specifically disclaim any obligation, to release publicly the results of any revisions that may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
