Infospace Emerges as New Force in International Mobile Games Market at 3GSM
Leading mobile content provider Infospace announces its entry into the mobile games sector by launching Atlas Mobile, IOMO Limited and elkware GmbH under one brand; Infospace Games exhibiting at 3GSM, Hall 5, booths CZ2 and CZ29
Monday 14 February 2005/... BELLEVUE, Wash.-Infospace, Inc. (NASDAQ:INSP) today demonstrated its intentions in the mobile games sector by launching the Infospace Games product line, which publishes, powers and develops a unified portfolio of games from the recently acquired Atlas Mobile, IOMO and elkware catalogues. By capitalising on its core business strengths and leveraging its new gaming assets, Infospace has established itself as a key player in this burgeoning industry. With analysts projecting that the mobile games market will become a multi-billion-dollar business in the next five years, Infospace Mobile has been quick to recognise the business potential in this rapidly evolving sector. Infospace Games will be a part of Infospace Mobile, a leading provider and publisher of mobile entertainment services, including personalisation products like ringtones, realtonesTM, ring back tones, video ringers and graphics.
"We are excited about expanding our content portfolio to include mobile games," said Jim Voelker, chairman and chief executive officer of Infospace, Inc. "With our recent acquisitions in both the U.S. and Europe, we have more than a hundred titles, strong distribution relationships with international reach with over 50 operators and strong technology platforms. Infospace is poised to take advantage of the rising consumer demand with innovative and exciting mobile gaming products."
Infospace Games will leverage the unique characteristics and complementary portfolios of Infospace's three development studios - Atlas Mobile for multiplayer and tournament "for prizes" formats, elkware for its role-playing genre, 3D and handset porting technologies, and IOMO for its casual, sports and action expertise. In addition, we will also be leveraging our existing platform integration skills to offer operators end-to-end solutions bringing compelling content, network capabilities and operator billing integration to allow subscription offerings.
Infospace Games publishes, powers and develops original and branded J2ME and Brew games such as the BAFTA nominated Scooby Doo, Tomb Raider, Tiger Woods PGA Tour Golf and Colin McRae Rally 2005, Pub Pool, Pub Darts , Anno 1503, Port Royale, The X-Files , Swat Sniper and "For Prizes" games, including Tetris® Tournament for PrizesTM and Ms. Pac-ManTM for Prizes.
About Infospace MobileInfospace Mobile is a leading provider and publisher of mobile content and applications that make it possible for media companies and content brands to reach a wide audience of wireless subscribers with compelling content and marketing promotions. Infospace Mobile's rich catalogue of entertainment, information and personalization applications is designed to accelerate widespread adoption of mobile data applications by consumers. These applications and services can be managed and delivered through Infospace Mobile's delivery platform that provides carrier grade solutions harmonized across all leading mobile technologies, networks and devices. More information can be found at www.infospaceinc.com.
This release contains forward-looking statements regarding the Company's mobile business and its mobile games business. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect Infospace's actual results include the future performance of Infospace Mobile and the rate of adoption by mobile operators and other customers of mobile media product and games offerings. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in Infospace's most recent Quarterly Report on Form 10-Q, in the section entitled "Factors Affecting Our Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Infospace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Infospace is at 3GSM World Congress. Please contact the following territory PR personnel if you wish to set up an interview during the show:
UK Media Contact - Infospace
Deborah Coster, BHPR
44-(0)-1462 4567800 or 44-(0)-7956 588198 mobile
Germany Media Contact - Infospace
Dieter Marchsreiter, Between Us!
49-89-4545-7813
U.S. Media Contact - Infospace
Chris Loncto, Access Communications
917-522-3524